Bybit is about to Delisting 7 Token: What traders need to know

The Bybit cryptocurrency exchange has announced that it will delist seven tokens from its platform. This change will take effect at 8:00 AM UTC on March 21, 2025.

Following this announcement, the prices of these tokens have declined significantly.

Bybit to Delist Seven Token Pairs

The exchange has announced this decision in a blog post on Monday. Notably, all the listed tokens have low market capitalizations. Additionally, the list includes a stablecoin, Celo Dollar (CUSD).

"We will delist 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 in the future," according to the announcement.

Starting from Friday at 8:00 AM UTC, Bybit will no longer support the tokens on its spot trading platform. The affected tokens will also be removed from Bybit Convert, a feature that allows users to exchange between different cryptocurrencies.

Meanwhile, deposits for these tokens will be suspended after 8:00 AM UTC on March 20, 2025. Users will have time to withdraw the delisted tokens before the platform stops allowing withdrawals at 8:00 AM UTC on June 20, 2025.

Bybit's decision to delist these tokens stems from the exchange's ongoing efforts to maintain a healthy and secure trading environment. The exchange has stated that all listed tokens must undergo regular assessments to ensure they meet Bybit's strict listing requirements.

"If a token fails to meet Bybit's strict listing requirements, the Bybit team will conduct a deep assessment and may delist the token and its trading pair," according to the blog.

According to the exchange, the goal is to protect the interests of traders while maintaining the quality of the available trading assets on the platform.

The delisting has negatively impacted most altcoins, with the sharpest declines seen in Rebase GG (IRL). Over the past 24 hours, this token has dropped 41.3%. Next is Reboot (GG), down a significant 25.0%.

Furthermore, Everyworld (EVERY) has declined 8.3%, while Imaginary Ones (BUBBLE) has dropped 15.5%, reflecting investor concerns. Planet Token (PLANET) has decreased 11.8%, contributing to this trend. However, Altava (TAVA) is an exception, increasing 3.7%, showing some resilience despite the overall downward trend.

However, the price declines are not unexpected. Token prices often drop after being delisted from an exchange, potentially signaling a lack of confidence in the token's future viability.

Furthermore, being removed from a major exchange can reduce the token's liquidity. This, in turn, makes it more difficult for traders to buy or sell, often leading to price declines.