Bybit terminating withdrawal service for ZEND token.
Ecosystem ·
Bybit announced the termination of withdrawal service for ZEND token, according to an official notice. The specific effective date and any transition period were not detailed in the available material.
The move restricts users' ability to withdraw ZEND holdings from the exchange, though the announcement does not clarify whether deposit or trading services for the token will continue. Such service terminations typically occur when an exchange reassesses liquidity, regulatory compliance, or operational viability of a listed asset.
It remains unclear whether this reflects broader concerns about ZEND's project status, trading volume, or Bybit's strategic direction. No statement from the ZEND project or reasoning from Bybit beyond the notice itself has been provided.