Chapter 1: General Provisions
Article 1: Objectives
The Bybit Token Management Rules (hereinafter referred to as the "Rules") aim to foster robust growth in the blockchain industry, create a healthy environment for digital assets, protect traders' rights, and standardize token governance.
Article 2: Definitions
Unless otherwise specified, the following terms in these Rules shall have the definitions below:
- "Bybit" refers to the Bybit cryptocurrency platform.
- "Project Team" refers to any entity responsible for token project issuance, development, or operations—including legal entities, teams, individuals, or beneficial owners—or community representatives for decentralized tokens in the absence of an official team.
- "Token" or "Project" denotes cryptographic digital proof-of-equity traded on Bybit.
- "ST Warning" (Special Treatment Warning) labels trading pairs deemed high-risk to users.
Chapter 2: Information Disclosure
Article 3: Disclosure Obligations
Project Teams must promptly and faithfully disclose all material information affecting tokens or operations, ensuring accuracy, completeness, and non-misleading content.
Article 4: Disclosure Format
From the Rules’ effective date, Project Teams must publish periodic disclosures on official websites, covering:
- Code updates
- Market activities
- Institutional investments
- Community developments
Article 5: Ad Hoc Disclosures
Project Teams must notify Bybit within 24 hours of exceptional events (e.g., core team changes, technical incidents, legal risks). Disclosures should include event causes, processes, facts, and outcomes.
Article 6: Disclosure Exceptions
Information may be withheld if it involves national secrets or conflicts with public interest, pending Bybit’s approval.
Chapter 3: Inquiries and Audits
Article 7: Queries and Responses
Bybit may request project details, and Project Teams must respond within 24 hours.
Article 8: Inquiry Methods
Bybit may contact Project Teams via:
- Official email
- Phone
- Instant messaging (e.g., Telegram)
Article 9: Inquiry Scope
Topics include whitepaper commitments, core team roles, token holdings, development progress, and factors influencing token prices (e.g., lock-up releases).
Article 10: Query Outcomes
Bybit may determine violations based on cooperation levels and take action under Chapter 4.
Article 11: Routine Audits
Bybit may audit projects for:
- Whitepaper compliance
- Code security
- Token liquidity/price factors
- Core team changes
Article 12: Special Audits
Triggered by:
- User/media reports
- Routine audit risks
- Other Bybit-determined needs
Article 13: On-Site Investigations
Project Teams must cooperate with Bybit’s inspections. Non-compliance may prompt penalties.
Article 14: Cooperation Duties
Project Teams must address user/media reports and regulatory notices. Failure risks Bybit enforcement.
Chapter 4: Violation Handling
Article 15: ST Warnings
Market Abuse Prohibitions:
- False/misleading info
- Wash trading
- Price manipulation
- Insider disclosures
ST Label Criteria (Liquidity Metrics):
- Tight bid-ask spreads
- Order book depth
- Consistent trading volume
- Price stability vs. other exchanges
Removal: ST labels lift after 10 days of stable trading.
👉 Learn how Bybit ensures market integrity
Article 16: Trading Suspension/Delisting
Grounds Include:
- Fraud (e.g., fund misappropriation)
- Team dissolution
- Pump-dump schemes
- Proprietary trading
- Illegal activities
Hidden pairs pause deposits but allow position holdings. Relisting requires a new application.
Article 17: Liquidation
Bybit may liquidate suspended tokens, starting post-trading halt.
Article 18: Trading Termination
Post-liquidation, tokens delist. Notice via Article 8 methods.
Article 19: Liability
Project Teams bear losses from violations.
Chapter 5: Supplementary Terms
Article 20
Rules override prior Bybit policies.
Article 21
English version prevails in disputes.
Article 22
Bybit reserves amendment/interpretation rights.
Article 23
Rules effective upon publication (June 6, 2025).
FAQ Section
Q1: What triggers an ST warning?
A: Consistent low liquidity, market manipulation, or failure to meet disclosure rules.
Q2: Can a delisted token return?
A: Yes, via a new application—approval isn’t guaranteed.
Q3: How quickly must ad hoc disclosures be made?
A: Within 24 hours of the event.
👉 Explore Bybit’s token compliance framework
Note: These Rules prioritize market fairness and user protection. Bybit’s actions remain at its discretion based on evolving risks. No policy clause constitutes a listing guarantee.
Bybit | June 6, 2025
Disclaimer: This policy is not legal advice. Consult regulatory experts for jurisdiction-specific guidance.