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DUBAI, United Arab Emirates, August 13th, 2024, Chainwire/--Bybit, 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.
This preference is driven by the extensive support we offer, from product support—such as Pre-Market, ByStarter, Launchpad, Launchpool, Spot Listing, Perp Listing, and even Options Listing and Earn product integration—to robust marketing and operational support, with over 30 million viewers across 24 livestreams in the first half of 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 committed to addressing these challenges through a proactive approach that prioritizes the interests of its users.
Here is the key pioneering framework Bybit is committed to:
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.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 39 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
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Head of PR
Tony Au
Bybit
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