Bybit Announces Delisting of RIFSOLUSDT, BLUEUSDT Perpetual Contracts, Shuts Down Web3 NFT Marketplace
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Bybit has announced a series of strategic changes, including the delisting of RIFSOLUSDT and BLUEUSDT Perpetual Contracts on April 7, 2025, and the shutdown of its Web3 NFT Marketplace, Inscription Marketplace, and IDO product pages on April 8, 2025.
Bybit will cease trading support for the RIFSOLUSDT and BLUEUSDT Perpetual Contracts on April 7, 2025, at 9:00 AM UTC. As part of the delisting process, all active and conditional orders will be automatically canceled, and any open positions will be forcibly closed based on the average index price from the 30 minutes leading up to delisting.
Additionally, both contracts will no longer be available on Trading Bots, and any unfilled orders in Copy Trading will be canceled. Traders holding positions in either contract are advised to take necessary action before the deadline to manage their portfolios accordingly.
In a further move to streamline its offerings, Bybit has confirmed that its Web3 NFT Marketplace, Inscription Marketplace, and IDO product pages will be discontinued on April 8, 2025, at 16:00 UTC. After this date, these platforms will no longer be accessible.
Users are urged to manage their assets before the shutdown. Bybit recommends checking or trading NFT assets on platforms such as OpenSea, Blur, and Magic Eden for ETH Chain and Element Marketplace or Mintle for Mantle Chain. For inscription assets, users can use Unisat and Magic Eden. Additionally, Bybit Web3 IDO participants with airdropped tokens in Bybit Web3 Cloud Wallets should transfer their tokens to seed phrase wallets or private key wallets to maintain access.
Notably, Bybit announced the launch of Equity Trailing Stop, an automated risk management tool that integrates with trading bots for 24/7 monitoring. Traders can set stop levels between 5%-99%, dynamically adjusting take-profit and stop-loss to lock in profits and minimize retracement risks, ensuring disciplined, emotion-free trading.
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The post Bybit Announces Delisting of RIFSOLUSDT, BLUEUSDT Perpetual Contracts, Shuts Down Web3 NFT Marketplace appeared first on DeFi Planet.
