Cryptocurrency Exchange Bybit has announced that it will register all Altcoins from GG, CUSD, Bubble, Tava, Planet and IRL. Exchanges will remove trading pairs associated with these tokens and stop supporting them as assets.
The reason for the listing decision was not mentioned in the statement, but Bubble, GG, All, Planets and IRL tokens have been incredibly low market value, and have been significantly reduced so far, despite being listed for a long time.
All/USDT, GG/USDT, CUSD/USDT, Bubble/USDT, TAVA/USDT, Planet/USDT, IRL/USDT trading pairs will be removed from Bybit’s Spot Platform at 11:00 UTC on March 21, 2025. All open orders will be automatically cancelled.
The affected token deposits will be closed at 11:00am on March 20, 2025, and withdrawals will open at 11:00am on June 20, 2025.
After the withdrawal deadline, BYBIT could convert the remaining balances of these tokens into stubcoins, but the exchange noted that this was not guaranteed. In the event of a conversion, the credited stubcoin will be deposited into the user’s account.
Following the decision to delist, a decline was observed in the prices of tokens other than CUSD, a Stablecoin.
A CoinMarketCap chart showing a decline in IRL prices following the registration decision.
*This is not investment advice.
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