Bybit is terminating withdrawal services for ZEND token.
Ecosystem ·
Bybit has announced the termination of withdrawal services for the ZEND token, according to the exchange's announcement. The move marks a shift in the trading pair's operational status on the platform.
Withdrawal suspension typically occurs when an exchange reassesses liquidity, technical integration, or regulatory considerations tied to a specific asset. The termination of withdrawal functionality prevents users from moving ZEND holdings off the platform, while the implications for ongoing trading or deposit services remain unspecified in the available disclosure.
It is unclear whether the suspension is temporary, whether trading in ZEND pairs will continue, or what triggered the decision. Users holding ZEND on Bybit may face constraints on accessing their positions, pending further details from the exchange.