Major cryptocurrency exchange Bybit has announced the delisting of specific leveraged token pairs from its trading platform.
This move involves removing trading pairs featuring leveraged tokens, financial instruments offering amplified exposure to cryptocurrency price movements relative to a base token.
The decision impacts users who utilize these specific leveraged products for trading on the Bybit exchange.
The delisting necessitates that traders holding positions in the affected leveraged token pairs will need to manage or close their positions before the removal takes effect.
Bybit has not publicly disclosed the specific leveraged token pairs subject to delisting or the precise effective date within its official announcement.