, the world’s second-largest cryptocurrency exchange by trading volume, today announced the implementation of a comprehensive listing and delisting framework designed to enhance user protection, uphold market integrity, and promote the overall health of the blockchain ecosystem.
With Bybit’s spot market share rising above 20% and securing its position as the second-largest exchange, Bybit has become the most preferred listing platform, with 151 new tokens listed in Spot so far in 2024.
As Bybit continues to mature and establish itself as the most preferred platform, we recognize our growing obligation to both our customers and the industry. Bybit’s philosophy is to list the projects our clients want, ensuring that our platform remains aligned with user needs and market demands. However, the surge in project listings across the crypto industry has raised concerns about transparency, security, and potential market manipulation.
Bybit is not only committed to achieving fairness and transparency through this new framework, but also calls on industry players to do the same. “The industry will only be able to benchmark itself against traditional finance if we co-build a healthy and sustainable ecosystem,” said Helen Liu, Chief Operating Officer at Bybit.
“Our goal is to create a fairer, more transparent, and secure marketplace for everyone. We believe that blockchain’s inherent transparency, decentralization, and open nature are powerful tools that enable market participants to make informed decisions. By establishing rigorous listing criteria and clear delisting protocols, we are taking a significant step toward protecting our users and fostering long-term, sustainable growth within the blockchain industry.
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