Bybit is terminating withdrawal service for ZEND token.
Ecosystem ·
Bybit announced the termination of its withdrawal service for ZEND token, according to an official notice. The exchange did not provide a public rationale for the delisting decision in the material made available.
Exchange delisting of withdrawal functionality typically follows periods of low trading volume, regulatory concerns, or operational decisions to pare back listings. Such moves restrict users' ability to move holdings off the platform but do not necessarily prevent deposits or trading activity on the pair itself. The mechanics and timeline of the withdrawal service termination remain unspecified.
It is unclear whether trading in ZEND on Bybit will continue, whether deposits will remain available, or what transition period users have been granted to move their holdings. No statement from the ZEND project or comment on the decision's effect on liquidity has been documented in the available material.