Bybit Delists DAO, VGX, and LOOM Perpetual Futures on September 24
CryptoNewsTerminal Staff19 Sep, 2024
Bybit Delists DAO, VGX, and LOOM Perpetual Futures on September 24
Traders, take note! Bybit, the renowned cryptocurrency exchange, has announced the delisting of three perpetual futures: DAOUSDT, VGXUSDT, and LOOMUSDT, effective September 24 at 7 PM (UTC). This move aims to optimize Bybit's product offerings and enhance trading efficiency. Perpetual futures are financial instruments that allow traders to speculate on the future price of an underlying asset without an expiry date. Bybit's decision to delist these specific futures contracts suggests a shift in market demand and trading trends. Traders who hold positions in any of the affected contracts are advised to close them before the delisting date to avoid any potential losses. Bybit encourages users to explore its diverse range of other trading options, including spot trading and other perpetual futures contracts. Staying informed about exchange announcements and market news is crucial for successful trading. By keeping up-to-date with the latest developments, traders can make informed decisions and adjust their strategies accordingly.
