BYBIT officially listed its permanent GME/USDT agreement at 9am on March 25th, 2025. The exchange has confirmed that all transactions, open orders and bot activities associated with the contract have been disabled. Before registering, positions were automatically closed using an average 30-minute index price.
Bybit’s movement affected users involved in trading GME derivatives. Traders were forced to close their positions and had no option to manage their exposure or pre-adjust their stop levels.
Immediately after: Sudden GME price spikes
Despite being delisted, GME Token saw an astonishing 15% jump within hours. Before it went public, GME traded nearly $0.0026. It then surged to a peak above $0.0033 before it settled at $0.0030, according to CoinmarketCap data.
Price spikes after gme token-by-bit abolished: Source: coinmarketcap
This sudden spike followed a dip that was extended earlier that day. This pattern showed a rapid sale during low volume Asian trading hours, then rebounded rapidly after the Bybit removal was born.
Related: Bibit quickly resolves Apple ID glitches and protects users’ $100,000 account funds
Bybit’s rationale: Market capitalization and risk management
Bybit said the decision was part of a routine review. The GME contract was one of several low-liquid assets flagged by the exchange. The official announcement explained that failure to meet Bybit’s listing requirements will result in reviews and potential removals.
According to Bybit’s March 19th statement,
“All listed tokens are subject to regular reviews. If the token fails listing criteria, it may be obsolete.”
This policy also affected spot tokens such as GG/USDT and IRL/USDT, with prices exceeding 25% and 40% respectively. Removal from the Permanent Contracts section of GME follows this extensive cleanup strategy.
Related: Bibit quickly resolves Apple ID glitches and protects users’ $100,000 account funds
Delisting from major platforms often reduces token liquidity. It restricts access, increases the risk of slipping, and affects market production. For GME, the short-term price pump does not change the uncertain outlook. Lack of support from major platforms usually makes token trading difficult and less attractive to institutional or large retail positions.
Sudden pumps after listing may reflect short coverage or speculative purchases from smaller platforms, but liquidity risks remain.
Broader Trends: BYBIT closes list of tokens
Having won seven tokens in the same week, Bybit highlights a broader effort to tighten the platform’s standards and improve the quality of its assets. Removed pairs include CUSD/USDT, Planet/USDT, Bubble/USDT, Tava/USDT, GG/USDT, IRL/USDT, and all/USDT. These tokens were mostly low cap assets and were flagged for failing to meet Exchange listing criteria.
Registrants came into effect at UTC at 8am on March 21, 2025, affecting both spot trading and the Bibit conversion feature. Users will no longer be able to deposit tokens after March 20th, and the platform has set a final withdrawal deadline at UTC at 8am on June 20th, 2025.
Related:After registration on May 15th after Coinbase planning, the transfer price will fall 20%
Bybit’s official statement highlighted its commitment to maintaining a safe trading environment. The team conducts regular reviews to assess the performance, volume and compliance of the token. If the token does not meet the internal criteria, you will face removal. The exchange said the process protects users and preserves the quality of the transaction.
Exchange prioritizes assets with strong foundations, volume, and internal review metric compliance. GME was unable to meet these benchmarks due to its low cap and limited trading support.
Disclaimer: The information contained in this article is for information and educational purposes only. This article does not constitute any kind of financial advice or advice. Coin Edition is not liable for any losses that arise as a result of your use of the content, products or services mentioned. We encourage readers to take caution before taking any actions related to the company.
