Bybit is removing SEND and OAS from its spot trading platform, cutting off direct spot market access for both tokens on one of the largest centralized exchanges in the industry. What Bybit's
Bybit is removing SEND and OAS from its spot trading platform, cutting off direct spot market access for both tokens on one of the largest centralized exchanges in the industry.
The delisting announcement targets two tokens, SEND and OAS, and applies specifically to spot trading pairs on Bybit. The move was disclosed through the exchange's official delistings page, where Bybit routinely publishes notices for assets being removed from active trading.
Spot delisting does not necessarily mean the tokens are removed from every Bybit service. SEND, for instance, had previously been listed on Bybit's Convert feature, which operates separately from the spot order book. Traders should check whether any residual access remains through other product lines.
This is not the first time Bybit has pruned its spot listings in recent months. The exchange previously delisted TON futures, signaling an ongoing review of lower-activity trading pairs across its platform.
Anyone holding SEND or OAS on Bybit should verify their token balances and check for any open orders tied to the affected spot pairs. Open limit orders that remain active after the delisting deadline will typically be canceled automatically, but confirming this directly through the official Bybit notice is essential.
Traders should also review the specific timeline published in the announcement for key dates, including when trading will halt and when withdrawals may be restricted. These windows vary by token and by exchange, so relying on assumptions from past delistings is not advisable.
For users holding significant positions, withdrawing tokens to a self-custody wallet before the deadline preserves access to the assets even after spot trading ends on Bybit. This is particularly relevant given that exchange-held assets can become harder to manage once platform support is reduced.
Losing a spot listing on a major exchange like Bybit directly reduces market access for the affected tokens. Fewer trading venues typically means thinner order books, wider spreads, and reduced price discovery for both SEND and OAS.
Delistings from large platforms can also trigger short-term price volatility as holders rush to exit positions or move tokens to alternative exchanges. This pattern has played out repeatedly across the crypto market, including during periods when regulatory shifts have prompted broader changes in exchange-listed assets.
For both SEND and OAS, the immediate concern is liquidity. Traders looking to buy or sell these tokens will need to identify which other exchanges still support them and whether those venues offer sufficient volume for their needs.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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