Bybit, one of the main exchanges of cryptocurrency, announced its intention to close its non-bubble token market platform, its registration market and its initial IDE (IDO) offer of its platform. The announcement appeared a few days after the X2Y2 NFT market also ended its operation. In this article, we will in depth explore some of the factors that have taken stock of the NFT market.
Bybit leaves the NFT market
In a blog article on April 01, Bybit confirmed his intention to leave the non -bubble tokens market, quoting that he is part of his commitment to adjust his roadmap and improve the user experience. This change will take effect on April 8, 2025 at 4:00 p.m. (UTC), after which the NFT products pages will no longer be accessible. Users are advised to take the necessary measures to manage their digital assets before the stop date.
As part of our commitment to adjust our product roadmap and improve the user experience, Bybit Web3 will interrupt its NFT Marketplace product pages, Marketplace and IDO registration on April 8, 2025, at 4:00 p.m. (UTC).
📢 Check the details: pic.twitter.com/9jhnsaztqy
– Bybit web3 (@ bybit_web3) April 1, 2025
Bybit is an exchange of popular cryptocurrency known for its leverage trading options, offering up to 100x on derivatives and a friendly platform with advanced features such as Copy Trading, Trading Bots and Bybit Gagnie. It provides a professional trading platform with an ultra-fast correspondence engine, quality customer service and multilingual community care for merchants of all levels.
Bybit operates a safe, secure, transparent and efficient long-term trading platform with more than 20 million users worldwide and offers more than 230 perpetual and term contracts. It has solid safety measures, including cold storage and multi-signating wallets, guaranteeing a secure commercial environment. The Crypto platform also includes an NFT market designed for ETH and a registration market designed for Bitcoin ordinals.
User guidelines
In the meantime, Bybit recommended its users to visit Opensea, Magic Eden or Blur to check and exchange their NFT collection. He advised its registration users NFT Marketplace to negotiate their Bitcoin ordinals at other markets such as Unisat and Magic Eden. Participants in Bybit Ido with Ardropped tokens in Bybit Web3 Cloud wallets should transfer their tokens to bybit web3 seeds of seed phrases or private keys wallets.
Bybit Crypto Exchange joins the growing list of cryptographic projects that have closed their NFT markets. In March 2025, X2Y2 closed its NFT market. In January 2025, Quidd, an NFT market under Animoca brands, announced its closure. Makersplace, another digital art market platform, also closed operations at the start of 2025 due to “challenges of the current market” after six years of operation.
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