Bybit Delists LEVERUSDT Contract Amid Low Trading Activity

Bybit, a leading cryptocurrency derivatives exchange, has abruptly delisted the LEVERUSDT perpetual contract on June 29, 2025. The company has not provided any direct executive comments or a clear rationale for this decision, leaving the market with limited information on the reasons behind the delisting.

This action specifically impacts the trading of the LEVER token on Bybit's platform. It is part of Bybit's routine practice of removing contracts with low trading activity. The company is known for its extensive range of offerings and has a history of delisting low-liquidity contracts to optimize its services. Previous delistings, such as those of DARKUSDT and FTNUSDT, have had minimal impact on market-wide turbulence.

Market reactions to the delisting have been subdued, with no significant shifts reported. Analysts observe that LEVER, the native token of LeverFi, continues to trade on other platforms without significant impact. Historically, Bybit's delistings have limited liquidity within their ecosystem, but this particular action does not appear to have caused large shifts in on-chain activity or liquidity flows.

Industry experts suggest that delistings of this nature typically occur when operational overheads outweigh transactional gains. This withdrawal might indicate broader market trends prioritizing high-performing assets. Despite the delisting, LEVER is not anticipated to face persistent instability, as similar past cases have shown minimal long-term effects.

Bybit's approach to optimizing its services without causing market-wide turbulence is evident in its history of removing low-liquidity contracts. The company's actions demonstrate a commitment to maintaining a high-quality trading environment, even if it means delisting certain contracts. The delisting of the LEVERUSDT perpetual contract is a strategic move that aligns with Bybit's ongoing evaluations of market activity and its commitment to providing a robust trading platform for its users.