Bybit unveils new listing framework to elevate crypto market standards

Bybit has launched a comprehensive listing and delisting framework for cryptocurrencies in an effort to improve user protection.

The exchange, the world’s second-largest exchange by trading volume, announced the changes in a press release on August 13. Bybit said in the statement that it now commands more than 20% of the spot market share and listed 151 new tokens in 2024 alone.

Bybit, which was founded in March 2018, says it feels a growing sense of responsibility to ensure transparency and security in its operations, given its growing presence in the industry.

In this context, the exchange has created a new framework for listing and delisting digital assets, which includes various components designed to protect users and maintain market integrity.

At the heart of the new initiative is a pre-market mechanism that aims to stop market manipulation by creating a more regulated trading environment. Bybit said the feature will bridge the gap between secondary and primary markets, which will allow for easier passage of newly listed tokens.

Additionally, Bybit’s new framework will emphasize ongoing compliance monitoring efforts, with the cryptocurrency exchange conducting regular audits to ensure listed projects continue to meet its criteria.

Bybit also said it will issue clear delisting protocols to remove underperforming or incompatible projects from the platform.

The exchange said it will base its delisting protocols on clearly defined performance metrics and compliance checks to ensure only trustworthy and safe tokens continue to be traded.

Many new cryptocurrencies often experience a post-listing decline, especially when the pre-listing excitement wanes. An example of this is a recent analysis of Coin98 reported by crypto.news , which showed that almost all crypto tokens listed by Binance in 2024 are in the red, with many losing more than 90% of their value after listing.

In May, Binance took similar steps to overhaul its token listing model. The global cryptocurrency exchange leader said it would increase support for smaller and mid-cap projects through Launchpool or Megadrop exits.