Bybit Enhances User Protection and Market Integrity with New Listing Framework
As the world’s second-largest cryptocurrency exchange, Bybit has implemented a comprehensive listing and delisting framework to ensure user protection, market integrity, and the overall health of the blockchain ecosystem. With a spot market share exceeding 20%, Bybit has become the most preferred listing platform, with 151 new tokens listed in Spot in 2024.
Bybit’s extensive support includes various product offerings like Pre-Market, ByStarter, Launchpad, Launchpool, Spot Listing, Perp Listing, Options Listing, and Earn product integration. Additionally, the exchange provides robust marketing and operational support, reaching over 30 million viewers through 24 livestreams in the first half of 2024.
Recognizing its growing obligation to customers and the industry, Bybit aims to list projects that align with user needs and market demands. However, the surge in project listings has raised concerns about transparency, security, and market manipulation. Bybit is committed to addressing these challenges through a proactive approach that prioritizes user interests.
The key pioneering framework Bybit is committed to includes:
- Pre-Market Mechanism: To mitigate market manipulation, Bybit utilizes its Pre-market feature to provide a more orderly trading environment.
- Ongoing Compliance Monitoring: Bybit will monitor listed projects to ensure they meet criteria and disclosure obligations.
- Transparent Information Disclosure: Bybit provides comprehensive information about key project dates to enable informed decisions.
- Clear Delisting Protocols: The exchange establishes criteria for removing underperforming or risky projects.
- Community Engagement: Bybit actively seeks user feedback to inform listing decisions and enhance transparency.
Helen Liu, COO at Bybit, emphasizes the importance of fairness and transparency in the industry, calling on all players to co-build a healthy ecosystem.
By establishing rigorous listing criteria and clear delisting protocols, Bybit aims to protect users and foster long-term growth in the blockchain industry.
Bybit, serving over 39 million users, offers a professional platform with a fast matching engine, 24/7 customer service, and multilingual support. As a partner of Oracle Red Bull Racing, Bybit is dedicated to creating a fair, transparent, and secure marketplace for all participants.
Analysis: Bybit’s new listing framework aims to enhance user protection, market integrity, and transparency in the blockchain industry. By prioritizing customer interests and implementing clear delisting protocols, Bybit is taking a significant step towards fostering sustainable growth and building a healthier ecosystem. Users can expect a more secure and transparent marketplace with Bybit’s commitment to fairness and integrity.