Bybit is terminating withdrawal services for ZEND token.
Ecosystem ·
Bybit announced the termination of withdrawal services for ZEND token, signaling a reduction in trading support for the asset on the exchange. The move affects users' ability to move ZEND holdings off the platform, though the timing and any related deadlines were not specified in the available announcement details.
The decision reflects changing liquidity or operational priorities at the major cryptocurrency exchange. Withdrawal service terminations typically occur when trading volume declines, regulatory concerns emerge, or a token fails to meet exchange listing standards, though the specific reason for ZEND's removal was not disclosed.
It remains unclear whether deposit and trading services for ZEND will continue on Bybit or if the token faces full delisting. Users holding ZEND on the exchange may face pressure to exit positions before withdrawal access closes entirely.