Bybit is terminating withdrawal service for ZEND token.
Ecosystem ·
Bybit announced it will terminate withdrawal service for ZEND token, signaling a step back in support for the asset on the exchange.
The withdrawal suspension represents a reduction in liquidity access for ZEND holders on the platform. Users previously able to move their holdings off Bybit will no longer have that option through the exchange's infrastructure.
The announcement does not clarify whether deposits or trading in ZEND will continue, the effective date of the termination, or the reason for the decision. The status of ZEND on other major exchanges and any community response remain unspecified.