Bybit to Delist 11 Spot Trading Pairs on August 29

Generated by AI AgentCoin World
Friday, Aug 22, 2025 5:27 am ET1min read
USDC
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Aime RobotAime Summary

- Bybit will delist 11 spot trading pairs (e.g., MAK/USDT, MNRY/USDT) on August 29, 2024, via official Telegram announcements.

- Traders must convert or transfer holdings before the deadline to avoid restricted access to these assets post-delisting.

- The move reflects Bybit's strategy to prioritize liquid, compliant, and active projects while removing underperforming assets.

- Common delisting factors include low liquidity, project inactivity, and regulatory risks, aligning with industry trends of asset culling.

Leading cryptocurrency exchange Bybit has announced the delisting of 11 spot trading pairs, a move set to take effect on August 29, 2024 at 08:00 UTC [1]. The affected trading pairs include MAK/USDT, MNRY/USDT, SMILE/USDT, GENE/USDT, STAR/USDT, MSTAR/USDT, GALAXIS/USDT, EXVG/USDT, CATS/USDT, AARK/USDT, and APRS/USDT. This delisting decision was communicated via the exchange’s official Telegram channel and is part of a broader strategy to maintain platform integrity and focus on higher-quality or more liquid assets.

Delisting typically means that affected assets will no longer be available for trading on the platform, though withdrawal options may remain open for a period. For traders holding these tokens, the announcement necessitates immediate action to either convert their holdings into supported assets or transfer them to alternative exchanges or personal wallets. Failure to act before the deadline could result in limited options for managing these assets post-delisting.

Bybit, like many exchanges, regularly reviews its listed assets to ensure compliance with regulatory standards, maintain market health, and prioritize projects that demonstrate active development and user engagement. The delisting of these pairs may be attributed to several common factors, including low liquidity, project inactivity, regulatory concerns, or failure to meet Bybit’s internal quality criteria. While the exchange did not specify the exact reasons for the removal of each pair, the move reflects a broader industry trend of exchanges culling less viable assets to enhance platform efficiency and user experience.

Traders are advised to monitor official Bybit communications for further updates and to act swiftly to minimize the impact of the delisting on their portfolios. The August 29 deadline is firm, and any last-minute decisions may complicate the withdrawal or conversion process. Bybit encourages users to plan ahead and ensure the continued accessibility and security of their digital assets.

The broader implications of this delisting underscore the importance of proactive portfolio management in the fast-moving crypto market. As exchanges evolve their listings, traders must remain vigilant and adaptable, staying informed through official channels such as Telegram and the exchange’s blog. This helps in anticipating and responding effectively to future delisting events or other market developments.

Understanding the rationale behind such moves enables traders to make informed decisions and adjust their strategies accordingly. In the case of Bybit’s delisting of these 11 pairs, the decision is a strategic step to uphold the exchange’s standards and align its offerings with the dynamic nature of the crypto market. As the industry continues to mature, similar actions are likely to become more frequent, reinforcing the need for traders to stay well-informed and agile in managing their holdings.

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[1] Crucial Bybit Delisting: 11 Spot Trading Pairs Removed (https://coinmarketcap.com/community/articles/68a833da54e7713cca68a067/)