Cryptocurrency Listings and Delistings: What Matters? Bybit Clarifies Its Criteria

Bybit has unveiled clear criteria for the listing and delisting of cryptocurrencies, aiming to enhance transparency and security within the industry.

Learn about the five key factors Bybit considers essential and how they plan to lead the crypto world toward a more robust and trustworthy ecosystem.

Ensuring Transparency and Safety with Clear Guidelines

On August 13, 2024, Bybit announced the establishment of clear criteria and measures regarding the listing and delisting of cryptocurrencies.

As one of the leading global cryptocurrency exchanges, with nearly 20% market share in spot trading, Bybit's growing responsibilities have led the platform to introduce these standards.

The aim is to ensure transparency and provide a secure environment for both users and the broader industry.

Key Criteria for Cryptocurrency Listings and Delistings on Bybit

Bybit has identified five critical criteria for the listing and delisting of cryptocurrencies on its platform:

• Pre-Market Mechanism
• Ongoing Compliance Monitoring
• Transparent Information Disclosure
• Clear Delisting Protocols
• Community Engagement

This mechanism is designed to mitigate market manipulation, with Bybit taking the lead in bridging the gap between the primary and secondary markets.

Continuous monitoring ensures that listed projects meet the listing standards and disclosure obligations. This includes regular performance reviews, financial audits, and technical assessments of the projects.

Transparency in information disclosure involves providing users with critical updates on projects, such as protocol upgrades and token burns.

The delisting protocols are based on performance, compliance violations, and the presence of fraudulent activities. Projects that underperform or pose high risks will be removed from Bybit.

Bybit emphasizes the importance of actively gathering user feedback through surveys, voting, and advisory committees as part of its community engagement efforts.

Bybit's Commitment to the Crypto Industry

Bybit has expressed its intention to promote these new standards across the cryptocurrency industry.

Helen Liu, Bybit's COO, stated, "By collaboratively building a healthy and sustainable ecosystem, the cryptocurrency industry can stand on equal footing with the traditional financial sector."

Bybit, which has already listed 151 new cryptocurrencies for spot trading in 2024 alone, is a proactive platform in the crypto listing space.

While there are concerns that the clarification of these criteria might lead to a reduction in the number of cryptocurrencies offered, no official statements have been made on this matter as of now.