Crypto exchange Bybit has announced that it will delist seven tokens from its platform. The changes will take effect at 8 AM UTC on March 21, 2025.
Following the announcement, these tokens’ prices have experienced a noticeable dip in value.
Bybit to Delist Seven Token Pairs
The exchange announced its decision in a blog post on Monday. Notably, all the tokens included have low market capitalizations. In addition, the list also features a stablecoin, Celo Dollar (CUSD).
“We’ll be delisting the EVERY/USDT, GG/USDT, CUSD/USDT, BUBBLE/USDT, TAVA/USDT, PLANET/USDT, and IRL/USDT trading pairs on our platform and will no longer support these tokens as assets going forward,” the announcement read.
Starting Friday at 8 AM UTC, Bybit will no longer support the tokens on its spot trading platform. The affected tokens will also be removed from Bybit Convert. This feature allows users to exchange between cryptocurrencies.
Meanwhile, deposits for the tokens will stop being accepted after 8 AM UTC on March 20, 2025. Users will have a grace period to withdraw delisted tokens before the platform disables withdrawals at 8 AM UTC on June 20, 2025.
Bybit’s decision to delist these tokens is rooted in the exchange’s ongoing efforts to maintain a healthy and secure trading environment. The exchange outlined that all listed tokens are subject to regular reviews to ensure they meet Bybit’s stringent listing requirements.
“If a token fails to meet Bybit’s stringent listing requirements, the Bybit team will conduct an in-depth review and may delist the token and its trading pair,” the blog noted.
According to the exchange, the goal is to protect traders’ interests while maintaining the quality of assets available for trading on the platform.
The delisting negatively impacted most altcoins, with the steepest declines seen in Rebase GG (IRL). Over the past 24 hours, the token plunged 41.3%. Following it was Reboot (GG), which experienced a significant fall of 25.0%
Moreover, Everyworld (EVERY) dropped by 8.3%, while Imaginary Ones (BUBBLE) saw a decline of 15.5%, reflecting investor concern. Planet Token (PLANET) depreciated by 11.8%, adding to the trend. However, Altava (TAVA) was an exception, showing an increase of 3.7%, indicating some resilience despite the broader downtrend.
Nonetheless, the price decline comes as no surprise. Token prices tend to drop following exchange delistings, likely signaling a lack of confidence in the token’s future viability.
Furthermore, removal from a major exchange can reduce the token’s liquidity. This, in turn, makes it harder for traders to buy or sell, which typically results in a price drop.
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