Bybit has introduced a new comprehensive listing and delisting framework for cryptocurrencies aimed at enhancing user protection. The exchange, which ranks as the world’s second-largest by trading volume, revealed these changes in an Aug. 13 press statement. Bybit now commands over 20% of the spot market share and has listed 151 new tokens in 2024 alone.

Established in March 2018, Bybit has seen significant growth in the cryptocurrency sector. With this expansion, the exchange feels a heightened sense of responsibility to ensure transparency and security in its operations. The new framework for listing and delisting digital assets includes several components designed to safeguard users and maintain market integrity.

A key feature of the new initiative is a pre-market mechanism aimed at preventing market manipulation and creating a more orderly trading environment. This feature is intended to close the gap between secondary and primary markets, facilitating a smoother transition for newly listed tokens.

Additionally, Bybit’s new framework emphasizes ongoing compliance monitoring. The crypto exchange will conduct regular audits of listed projects to ensure they continue to meet its criteria. Furthermore, Bybit has outlined clear delisting protocols to remove underperforming or non-compliant projects from the platform.

The delisting protocols will be based on performance metrics and compliance checks to ensure that only reliable and secure tokens remain available for trading. This approach aims to enhance the overall quality of digital assets on the platform.

Many new cryptocurrencies often experience a post-listing dip, especially when the prelisting hype subsides. Recent analysis indicated that almost all the crypto tokens listed by major exchanges in 2024 have seen significant value declines, with some losing more than 90% since their listing.

In May, another major exchange also revamped its token listing model, stating that it would increase its support for smaller and medium-value projects through specific outlets.

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