Major crypto exchange Bybit is undertaking a significant delisting sweep this April

This move involves well-defined phases impacting numerous digital assets and requires user attention regarding key dates for deposits and withdrawals.

Major cryptocurrency exchange Bybit is carrying out a significant delisting sweep this April, removing over 20 spot trading pairs and two derivative contracts from its platform.

This move, which is being performed in stages throughout the month and impacts a variety of digital assets, requires attention from users regarding key dates for deposits and withdrawals. The exchange will also be removing the affected tokens from its direct swap Convert feature.

What’s Being Delisted and When? The Spot Trading Schedule

Bybit has scheduled a three-stage removal for the spot pairs. On April 10 at 8:00 a.m. UTC, the platform removed the KON/USDT, REN/USDT, and XYM/USDT trading pairs.

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:

Related: Pi Network Listing Splits Crypto Exchanges: Bybit Says No

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.