Bybit Delists 20+ Trading Pairs, Users Face Key Deadlines

Bybit, a major cryptocurrency exchange, has initiated a significant cleanup this April, delisting over 20 spot trading pairs and two perpetual contracts. This move is part of a phased removal process that requires users to take prompt action regarding key deadlines for deposits and withdrawals. The exchange has also removed the affected tokens from its direct swap Convert feature.

The delisting process is divided into three stages. The first phase occurred on April 10, when Bybit removed the KON/USDT, REN/USDT, and XYM/USDT trading pairs. The second phase is scheduled for April 16, affecting the ACA, DICE, KARATE, MLK, RAIN, SEOR, and WLKN pairs. The final and largest batch of removals will take place on April 18, with the discontinuation of LIS, MBS, OBX, ROND, SOCIAL, THRUST, 3P, and 1SOL pairs. All open orders for the delisted tokens will be automatically canceled after the cutoff time, and the tokens will also be removed from the spot markets and the Bybit Convert tool.

In addition to spot markets, Bybit is also terminating two perpetual contracts this month. The NULS/USDT perpetual contract will be removed on April 14, followed by the JAILSTOOL/USDT perpetual contract on April 16. Any open positions in these contracts will be closed automatically based on the average index price recorded in the final 30 minutes before removal. All associated orders, trading bot actions, and copy trading operations involving these derivatives will also be canceled.

Bybit has set strict deadlines for users to manage their deposits and withdrawals. Deposits for the KON group (KON, REN, XYM) have already stopped as of April 9. Deposits for the ACA group (DICE, KARATE, etc.) will stop on April 15, and deposits for the LIS group (MBS, OBX, etc.) will stop after April 17. Withdrawals will remain open until mid-July, with final cutoffs on July 9 for the KON group, July 15 for the ACA group, and July 17 for the LIS group. Users holding these assets must plan accordingly to avoid any disruptions.

Bybit's decisive cleanup requires prompt user action on key deadlines. Users are advised to review their holdings and take necessary actions to manage their deposits and withdrawals before the specified deadlines. Failure to do so may result in the loss of access to these assets. This move by Bybit underscores the importance of staying informed about platform changes and adapting to new developments in the cryptocurrency market.