Bybit's Delisting of 7 Tokens: Key Insights for Traders

Bybit, a prominent cryptocurrency exchange, has revealed plans to delist seven tokens from its trading platform. Effective at 8 AM UTC on March 21, 2025, this decision is expected to impact the market significantly.

Following the announcement, there has been a notable decline in the prices of the listed tokens.

Details on the Tokens Affected

In a blog post made on a recent Monday, Bybit disclosed that they would be removing trading pairs for the following tokens: EVERY/USDT, GG/USDT, CUSD/USDT, BUBBLE/USDT, TAVA/USDT, PLANET/USDT, and IRL/USDT. All these tokens have been characterized by their low market capitalizations, with Celo Dollar (CUSD) being the only stablecoin among them.

“We will cease support for the aforementioned trading pairs on our platform, subsequently removing these tokens as available assets,” stated the announcement.

From 8 AM UTC on March 20, 2025, Bybit will halt deposits for these tokens. Users will have a limited period to withdraw their assets before withdrawals are completely disabled starting June 20, 2025.

Reasons Behind the Delisting Decision

This decision aligns with Bybit's commitment to maintaining a secure and healthy trading environment. The exchange regularly reviews listed tokens to ensure compliance with its stringent listing criteria.

If a token fails to meet Bybit's rigorous standards, the team may initiate an in-depth review that could lead to its delisting.

This initiative aims to safeguard traders' interests while ensuring the quality and reliability of tradable assets on the platform.

Market Reactions and Price Impacts

The announcement has already impacted the altcoin market significantly, with the most substantial price drops observed in Rebase GG (IRL), which fell by 41.3% in the past 24 hours, followed closely by Reboot (GG) at a decrease of 25.0%. Additional declines were reported with Everyworld (EVERY) dropping 8.3% and Imaginary Ones (BUBBLE) witnessing a 15.5% depreciation.

Interestingly, Planet Token (PLANET) experienced an 11.8% drop, while Altava (TAVA) showed some resilience, increasing by 3.7% amid the overall downturn.

Such declines are not entirely unforeseen. Typically, the delisting of tokens from an exchange triggers a drop in price, reflecting diminishing confidence concerning the token's viability.

Implications for Traders

Delisting from a major exchange like Bybit can drastically reduce a token's liquidity, making it challenging for traders to transact, which often leads to further price declines. Traders should be aware of these dynamics and take proactive steps to manage their holdings.

As Bybit begins this process, users are encouraged to withdraw their tokens promptly. The deadline for withdrawals will be June 20, 2025. The exchange's actions stem from a desire to provide a more reliable trading environment while maintaining high standards for listed assets.