Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has unveiled a new framework for listing and delisting tokens, aiming to improve user protection, market integrity, and the overall health of the blockchain ecosystem.
As Bybit’s spot market share exceeds 20% and it solidifies its position as a leading exchange, it has become a top choice for token listings, having added 151 new tokens in its Spot market in 2024 alone. This preference is supported by Bybit’s comprehensive range of services, including Pre-Market, ByStarter, Launchpad, Launchpool, and various other listing and integration options. The platform’s robust marketing efforts have also been notable, reaching over 30 million viewers through 24 livestreams in the first half of the year.
Recognizing its responsibility to both customers and the broader industry, Bybit is introducing several key initiatives to address transparency, security, and market manipulation concerns:
- Pre-Market Mechanism: Bybit will continue using its Pre-Market feature to provide a structured trading environment that helps prevent market manipulation.
- Ongoing Compliance Monitoring: A new system will be put in place to monitor listed projects regularly, including performance reviews, financial audits, and technology assessments.
- Transparent Information Disclosure: Users will receive detailed information about key dates for listed projects, such as protocol upgrades and token burns, to make informed decisions.
- Clear Delisting Protocols: Bybit will establish explicit criteria for delisting projects based on performance, compliance, and fraud to ensure only credible projects remain on the platform.
- Community Engagement: Bybit will actively engage its community through surveys, voting, and advisory panels to guide listing decisions and enhance transparency.
Helen Liu, Bybit’s Chief Operating Officer, emphasized the company’s commitment to creating a fairer and more transparent marketplace. She called on industry participants to adopt similar standards to foster a healthy and sustainable blockchain ecosystem.
Bybit’s new framework is designed to leverage blockchain’s inherent transparency and decentralization, aiming to protect users and support long-term growth within the industry.
