Bybit continuously monitors all listed trading pairs and carefully appraises their listing qualifications to provide our users with the best possible Bybit trading experience. If a trading pair no longer meets Bybit's stringent listing requirements, it will be delisted. There are two mechanisms for Bybit Derivatives Delisting: Manual Delisting and Automatic Delisting.

 

Manual Delisting

The following factors will affect Bybit's decision to delist a trading pair but are not limited to

• Extreme market conditions
• Transaction risk to users
• The token undergoes a hard fork, splits or reverse split occasions with new tokens
• The quality and level of the development activities of the project 
• The project has ceased operations
• Major deviations in project’s information disclosure, deceiving users and the exchange;

Bybit will announce in advance to inform users of the details of the delisting. We will send email and App notifications to users who may be affected. Users are advised to manage their positions and orders in advance. 

 

 

Automatic Delisting

To protect our users from unforeseen price fluctuations, Bybit has implemented the following mechanisms to protect our traders.

• When the last traded price of any Derivatives contract reaches 50 times the minimum price precision (Tick Size), Bybit will send an email and App notification to notify users who hold positions or orders on the affected trading pair that there is a risk of delisting due to volatile market movement. 

• When the last traded price of any derivative contract falls below 20 times the minimum price precision (Tick Size), we reserve the right to delist the contract in question without further notice.
• Traders may refer to the contract details page for information on the tick sizes for our various Derivative contracts on our platform.

 

For example, taking into reference ADAUSDT Perpetual contract's tick size of 0.0001:

In the event the last traded price of the ADAUSDT reaches 0.005 USDT,  Bybit will send an email and App notification to notify users who hold ADAUSDT position or orders that there is a risk of delisting due to volatile market movement. When the last traded price reaches 0.002 USDT, ADAUSDT will be delisted. If the trading pair meets the listing requirements again, Bybit will release a separate announcement about the relisting.

 

In consideration of potentially extreme market risks, Bybit also reserves the right to delist any derivative contracts at any price level with prior announcement. 

 

For more information on the delisting protocols of our spot trading pairs instead, you may refer here.

 

 

Management of positions and orders after the delisting

• Once the trading pair is delisted, trading on this pair will no longer be supported.
• All active and conditional orders for the delisted trading pair will be canceled.

If the user chooses to hold the position until the trading pair is delisted, all open positions will be automatically closed and liquidated by the system. The trading fee will be charged, and the system will use the average index price in the last 30 minutes before the delisting time as a reference for the settlement price. The calculation of the final settlement price will be found in the relevant blog article for the delisted pair.