Bybit Enhances Market Integrity with New Listing Framework

Bybit's Leadership in Token Listings

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has continued to strengthen its position as the preferred listing venue by adding 151 tokens to the Spot market in 2024. The listing and delisting policy of the exchange is a comprehensive one that seeks to improve the user protection, market credibility, and the blockchain industry.

With Bybit’s spot market share exceeding 20%, the platform’s success is attributed to its extensive support infrastructure. This includes offerings such as Pre-Market, ByStarter, Launchpad, Launchpool, Spot Listing, Perp Listing, and Options Listing, alongside robust marketing and operational support. The first half of 2024 alone saw over 30 million viewers across 24 livestreams, highlighting Bybit’s influential presence in the crypto space.

Bybit announcement includes details of the new listing and delisting system.   

Commitment to Transparency and Security

Pre-Market Mechanism: Bybit will continue to utilize its Pre-Market feature to create a more orderly trading environment and reduce market manipulation risks.

Ongoing Compliance Monitoring: The exchange will introduce a system for continuous monitoring of listed projects, including performance reviews, financial audits, and technology assessments.

Transparent Information Disclosure: Bybit will ensure users have access to comprehensive details about key dates related to listed projects, such as protocol upgrades, token burns, and frozen maturities.

Clear Delisting Protocols: Established criteria will guide the removal of underperforming or risky projects from the platform, including performance metrics and compliance failures.

Community Engagement: Bybit will actively seek feedback from its user base through surveys, voting mechanisms, and advisory panels to enhance transparency and inform Bybit listing decisions.

Call for Industry-Wide Standards

In an interview, Bybit’s Chief Operating Officer, Helen Liu, calls for collective efforts to make the market more equitable and open. Bybit’s adherence to strict listing standards and transparent policies for delisting is a major step toward protecting consumers and fostering long-term development in the blockchain industry.

“The sector will only be able to benchmark itself against traditional finance if we co-build a healthy and sustainable environment,” she said. 

Conclusion

Bybit's addition of 151 tokens to its Spot market in 2024 and its robust listing and delisting policies highlight its commitment to user protection and market credibility. With a focus on transparency, security, and community engagement, Bybit sets a high standard in the crypto industry, aiming to create a more equitable and sustainable environment.

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