Crypto Exchange Bybit Announces New Coin Listing standard

Bybit is the second biggest cryptocurrency exchange in the world in terms of trading volume. The platform has shared that it has put in place a full plan for adding and removing coins.

This plan is made to keep users safe, make sure the market is fair, and support the good health of the blockchain system. Bybit’s spot market share has grown to more than 20%, making it the second biggest exchange.

The Platform Will Share Important Dates Regarding Listed Projects With Users

The crypto exchange Is the preferred choice because it offers a lot of support. The platform supports products like product integration, Options Listing, Perp Listing, Spot Listing, Launchpool, Launchpad, ByStarter, and Pre-Market. The exchange also carries out strong marketing and provides support for operations. In the first half of 2024, more than 30 million people watched its 24 livestreams.

As part of the plan, Bybit will keep using its Pre-market feature to reduce market manipulation. This feature helps connect the main and secondary markets, making trading more organized.

The exchange also said it will set up a system to keep checking the listed projects. This will make sure the projects still meet the rules and share the needed information. It includes regular checks on how the projects are doing, their finances, and their technology.

According to the platform, it will give users all the important dates about listed projects, like when there are protocol upgrades, frozen maturities, or token burns. This helps users understand what is happening and avoid surprises.

The exchange said it will set clear rules for removing listings. These rules will cover things like poor performance, rule-breaking, and fraud. This way, projects that aren’t doing well or are risky will be taken off the platform.

Bybit’s Goal Is To Create A Safer, Clearer, And Fairer Market For Everyone

Bybit will regularly ask its users for their opinions to help decide which listings to choose and to be more open. The platform will do this by sending out surveys, having voting options, or using advisory groups.

The Chief Operating Officer at Bybit, Helen Liu stated that the firm wants to make sure things are fair and clear with this new plan, and also ask others in the industry to do the same.

She added that the industry can only match traditional finance if every player works together to build a healthy and strong system. The main goal is to build a safer, clearer, and fairer market for everyone. Liu further stated that the company thinks that blockchain’s clear, open, and decentralized, features help people make smart choices.

Liu added that by setting strict listing rules and clear steps for removing projects, the company is making a big effort to protect its users and support long-term, steady growth in the blockchain industry.