Bybit Delists COVAL/USDT Perpetual Futures, Ends Trading on July 24th

IconCryptoNewsTerminal Staff22 Jul, 2024

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Bybit Delists COVAL/USDT Perpetual Futures, Ends Trading on July 24th

Bybit, a popular cryptocurrency exchange, has announced the delisting of its COVAL/USDT perpetual futures trading pair. This decision will take effect on July 24th, 2023, at 12:00 UTC. COVAL is the native token of the Covalent platform, which provides blockchain data aggregation and analytics. Bybit stated that the delisting is part of its ongoing efforts to optimize its product offerings and enhance user experience. Users holding COVAL/USDT perpetual futures contracts must close their positions or transfer them to another platform before the delisting date. The exchange recommends that users do so as soon as possible to avoid any potential losses. It's worth noting that this is not the first delisting of COVAL futures contracts. In February 2023, Binance also delisted COVAL perpetual futures. These developments highlight the ongoing volatility in the cryptocurrency market and the need for traders to carefully evaluate their positions.

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