Bybit Unveils New Framework to Enhance Crypto Market Integrity
Bybit Launches New Listing Framework
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has introduced a comprehensive framework for listing and delisting tokens. This initiative aims to enhance user protection, maintain market integrity, and support the healthy growth of the blockchain ecosystem. With Bybit's market share surpassing 20%, the platform is solidifying its position as a leading choice for token listings, having already added 151 new tokens to its spot market in 2024.
Comprehensive User Support
Bybit's popularity stems from its wide-ranging support services, including Pre-Market, ByStarter, Launchpad, Launchpool, and more. These offerings are complemented by robust marketing and operational support, engaging over 30 million viewers across numerous livestreams in the first half of 2024. Bybit's commitment to aligning with user needs ensures the platform remains a top choice for crypto enthusiasts.
Framework Features
The new framework includes several key components:
Pre-Market Mechanism
To combat market manipulation, Bybit continues to employ its Pre-Market feature, creating a seamless bridge between primary and secondary markets and ensuring a stable trading environment.
Ongoing Compliance Monitoring
Bybit will implement continuous monitoring to ensure listed projects adhere to listing criteria and disclosure obligations. This involves regular reviews of project performance, financial, and technology audits.
Transparent Information Disclosure
Bybit will enhance transparency by providing comprehensive information on key events related to listed projects. This empowers users to make informed decisions and avoid unexpected outcomes.
Clear Delisting Protocols
The exchange has established clear criteria for delisting projects, focusing on performance metrics, compliance, and fraud prevention. This ensures the removal of underperforming or risky projects from the platform.
Community Engagement
Bybit values user feedback in shaping listing decisions and boosting transparency. This is achieved through surveys, voting mechanisms, and advisory panels.
Industry Call to Action
Bybit advocates for fairness and transparency within the industry, encouraging other players to adopt similar measures. The goal is to establish a fairer, more transparent, and secure marketplace, leveraging blockchain's inherent strengths to protect users and drive sustainable growth in the crypto sector.
About Bybit
Founded in 2018, Bybit serves over 39 million users, offering a professional trading platform with an ultra-fast matching engine and round-the-clock customer service. The exchange is also a proud partner of the Oracle Red Bull Racing team.
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