15 Cryptocurrencies Face Existential Crisis: Bybit Says “You Shall Not Trade!”

by

Bybit, the world’s second-largest crypto exchange (right behind the “I solemnly swear I’m up to no good” ledger), is about to delete 15 perpetual contracts in a move so dramatic it’s basically a soap opera finale. Starting Oct. 21, tokens like BDXN, NODE, and SWELL will vanish from USDT trading pairs like a magician’s assistant who forgot to duck. Poof.

The list reads like someone smashed a keyboard during a caffeine crash 🤯. But beneath the chaos lies a pattern: these tokens are about as liquid as a desert cactus. Osmosis (OSMO) and StaFi (FIS), once DeFi’s prom queens, now trade less than a bored hedge fund intern’s lunch budget ($10M daily volume? Cute). Skate and Tanssi? Metaverse relics from the “we’ll all live in VR” era. They peaked harder than disco in 1979.

“Black Friday: The Sequel No One Wanted”

Bybit claims this isn’t personal. It’s just business. Their delisting policy? A ruthless robot accountant with a checklist: “Liquidity thresholds? Risk management? If it’s not a money-magnet, axe it.” Contracts with “insufficient depth” apparently warp funding rates like a funhouse mirror, making hedging as futile as yelling at a cloud ☁️.

But here’s the twist: low-liquidity tokens were the villains behind October 10’s “Black Friday” chaos. You know, the day the crypto market sneezed and everyone caught pneumonia. Bybit’s purge feels suspiciously like a “never again” parenting moment. “No, Jimmy, we’re not letting the liquidity gremlins ruin Christmas this year.”

With $11.5 billion in assets, Bybit’s trimming the financial garden to keep weeds from choking the roses. But let’s be real-some of these tokens were already compost. 🌱💸

Read More

2025-10-20 17:30