Bybit to Delist RNDR Perpetual Futures on July 22

IconCryptoNewsTerminal Staff15 Jul, 2024

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Bybit to Delist RNDR Perpetual Futures on July 22

Bybit, a leading cryptocurrency exchange, has announced that it will delist the RNDR/USDT perpetual futures trading pair on July 22 at 17:00 (Korean time). The decision was made due to low trading volume and liquidity for the pair. RNDR is a decentralized rendering network that uses blockchain technology to connect users with computing resources. The RNDR token is used to pay for rendering services on the network. Bybit will cease trading for the RNDR/USDT perpetual futures pair at the specified time. Any open positions in the pair will be closed automatically. Users are advised to withdraw their funds from the pair before the delisting takes effect. The delisting of RNDR perpetual futures on Bybit is a sign of the declining popularity of the token and the underlying network. RNDR has been facing stiff competition from other decentralized rendering networks, such as RenderToken and Luxcore. Despite the delisting, Bybit remains one of the leading cryptocurrency exchanges in the world. It offers a wide range of trading pairs and features, including futures, options, and spot trading.

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