- Bybit conducts major April cleanup, delisting >20 spot pairs & 2 perpetuals
- Phased removals: KON group (Apr 10), ACA group (Apr 16), LIS group (Apr 18)
- Action Needed: Strict deadlines for deposits (Apr 9/15/17) & final withdrawals (July 9/15/17)
- Insight: Bybit’s decisive cleanup requires prompt user action on key deadlines
Major crypto exchange Bybit is undertaking a significant delisting sweep this April, removing over 20 spot trading pairs and two derivative contracts from its platform.
This move involves well-defined phases impacting numerous digital assets and requires user attention regarding key dates for deposits and withdrawals. The exchange is also removing affected tokens from its direct swap Convert feature.
What’s Being Delisted and When? The Spot Trading Schedule
Bybit detailed a three-stage removal for spot pairs. On April 10 at 8:00 a.m. UTC, the platform removed the KON/USDT, REN/USDT, and XYM/USDT trading pairs.
Heads up: The next deadline is April 16 for trading to cease in ACA, DICE, KARATE, MLK, RAIN, SEOR, and WLKN pairs.
However, the largest batch of removals will occur on April 18, when Bybit discontinues LIS, MBS, OBX, ROND, SOCIAL, THRUST, 3P, and 1SOL, also at 8:00 a.m. UTC.
After the cutoff time, all open orders for the delisted tokens will be automatically canceled. The same tokens will also be removed from the spot markets and the Bybit Convert tool, which allows users to swap tokens directly.
Related: CryptoQuant CEO Says Bybit is Fine, Urges Community to Stop Spreading FUD
Which Perpetual Contracts Are Ending on Bybit?
Beyond spot markets, Bybit is also terminating two perpetual contracts this month. The NULS/USDT perpetual contract will be removed on April 14 at 9:00 a.m. UTC, and two days later, on April 16, the JAILSTOOL/USDT perpetual contract will also be discontinued.
Any open positions in these contracts will be closed automatically based on the average index price recorded in the final 30 minutes before removal.
Bybit stated all associated orders and trading bot actions involving these derivatives will be canceled. Copy trading operations using the same instruments will also be halted.
Urgent Deadlines: Managing Your Deposits and Withdrawals
Critically for users, Bybit has established firm deadlines for handling these assets:
- Deposits: Already STOPPED for KON, REN, XYM (as of Apr 9). Deposits STOP April 15 for the ACA group (DICE, KARATE, etc.). Deposits STOP after April 17 for the LIS group (MBS, OBX, etc.).
Related: Pi Network Listing Splits Crypto Exchanges: Bybit Says No
- Withdrawals: Remain OPEN until mid-July, but with final cutoffs. Withdrawals END permanently July 9 for KON/REN/XYM; July 15 for the ACA group; July 17 for the LIS group. Users holding these assets must plan accordingly.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
