Bybit has announced new rules aimed at increasing transparency and fairness in the cryptocurrency listing and delisting industry.
New Listing Requirements
The exchange will now require projects to disclose important dates such as protocol upgrades, token burns, and frozen maturities.
Delisting Standards
Bybit will introduce clear delisting standards covering performance metrics, compliance failures, and fraudulent activity. Bybit Chief Operating Officer Helen Liu said: "The industry will only be able to compare itself to traditional finance if we build a healthy and sustainable ecosystem together. Our goal is to create a marketplace where the transparency, decentralization, and open nature of blockchain empower users to make informed decisions. By implementing rigorous listing criteria and clear delisting protocols, we are taking an important step to protect our users and promote sustainable growth in the blockchain industry."
Monitoring and User Participation
Bybit will establish a system for continuous monitoring of listed projects to ensure they continue to meet listing criteria and disclosure obligations. The company will actively seek feedback from its user community to inform listing decisions and increase transparency.
Bybit's introduction of new rules demonstrates the company's commitment to creating a safe and transparent cryptocurrency market, ensuring the protection of users and promoting sustainable growth.
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