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Bybit Announces Launch Date for SKATE Spot Trading

Bybit Announces Launch Date for SKATE Spot Trading

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by Giorgi Kostiuk

2 days ago

Cryptocurrency exchange Bybit has announced the upcoming listing of the SKATE token, with deposits starting June 8, 2025, and trading commencing on June 9.

Deposit Opening and Trading Start Date

Bybit has stated that deposits for SKATE will open on June 8, 2025, with trading starting the following day. The announcement is generating interest among market participants.

Prize Pool and its Impact

Bybit is setting a prize pool of 9,000,000 SKATE to encourage trading participation. This initiative is expected to attract new traders and increase trading volume.

Expected Market Changes

Historical data suggests that new token listings are often accompanied by temporary liquidity surges. This may lead to price fluctuations for SKATE, influenced by promotional campaigns such as Bybit's Megadrop.

The listing of SKATE on Bybit may impact cryptocurrency market participants by offering new trading opportunities and significant asset volumes.

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