BYBIT crypto -rope has announced plans to remove seven tokens from its platform. These changes will enter into force on March 21, 2025.
After the BYBIT statement about the divisting, the prices of the tokens fell under the sight decreased markedly.
Bybit will remove seven pairs of tokens
The exchange announced its blog decision on Monday. All tokens that will be removed have low market capitalization. These included stablecoin Celo Dollar (CUSD).
“We will delete EVERY/USDT, GG/USDT, CUSD/USDT, Bubble/USDT, Tava/USDT, Planet/USDT and IRL/USDT from our platform and we will no longer support these tokens as assets,” the assets say, ”the announcement.
On Friday, March 21, at 8:00 in UTC (11:00 Moscow time), Bybit will stop supporting the listed tokens on its spare trading platform. They will also be removed from Bybit Convert. This is a function that allows users to exchange cryptocurrencies.
Deposits for these tokens will cease to be accepted from 8:00 UTC (11:00 Moscow time) on March 20, 2025. Users will be able to withdraw unsuccessful tokens from the exchange to 8:00 UTC June 20, 2025. After that, the platform will turn off the possibility of withdrawal.
Bybit decided to postpone some tokens to ensure a safe and reliable trade environment. The exchange emphasized that she regularly checks all tokens so that they meet strict listing standards.
The exchange assured that she was striving to protect the interests of traders and maintain high quality assets on the platform.
Delistral is upset by altcoins
Delistral negatively affected the prices of most altcoins, especially on Rebase GG (IRL), which in 24 hours lost 41.3%in price. Reboot (GG), which has been cheaper by 25.0%, was also injured.
EVERYWORLD (EVERY) sank by 8.3%, and Imaginary One (Bubble) – by 15.5%, which is concerned with investors. Planet Token (Planet) also lost 11.8%over the same period, maintaining a total trend. However, Altava (Tava) stood out against the background of the rest, showing an increase of 3.7% and showing stability even in conditions of a general recession.
The fall in prices was no surprise. Typically, the cost of tokens falls after their removal from the exchange. Such a measure may indicate a lack of confidence in the potential of the asset. In addition, removal from a large exchange can reduce token liquidity. This complicates the process of buying and sales, which usually leads to a reduction in price.
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Source: Cryptocurrency
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