Bybit Pilots New Listed Project Disclosures Framework, An Industry-First Among CEX

DUBAI, UAE, Feb. 18, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency change by buying and selling quantity, is elevating the bar for venture disclosures for listed tokens on crypto buying and selling platforms. In a landmark transfer that indicators a brand new period of accountability and traders’ entry to info, Bybit is piloting a transparency initiative requiring listed tasks to supply complete monetary and operational knowledge, a primary amongst centralized exchanges (CEX).

The initiative introduces a devoted part, the Bybit Itemizing Billboard, the place listed tasks will often publish detailed efficiency metrics and monetary studies, enabling customers to conduct thorough due diligence with beforehand unavailable depth of knowledge.

SoSovalue is the primary venture to embrace this new framework on Bybit, assembly the improved disclosure necessities. Key efficiency indicators embody specifics of token provide, income and bills, exercise ranges within the holder and developer communities, and the next metrics a month after itemizing:

Complete Worth Locked (TVL): $190.80M
Web site Month-to-month Lively Customers: 9.79M
Month-to-month Lively Wallets: 309,570
On-Chain Transaction Quantity: $261.3M

The brand new requirement provides a quick observe to transparency for customers, giving them easy accessibility to venture financials and enabling them to trace the expansion and monetary well being of the tasks past preliminary tokenomics. Information factors embody 5 key dimensions: core financials, token metrics, on-chain exercise and community well being, governance and group, and threat disclosures and future roadmap.

“Bybit is dedicated to delivering the extent of transparency our customers anticipate of us. The initiative will profit merchants of their analysis stage and permit them to observe venture efficiency over time, and we’re excited to have SoSoValue as the primary companion on board,” mentioned Emily Bao, Head of Spot and Web3 at Bybit.

“SoSoValue and Bybit share the ethos of openness and authenticity, a trademark of the crypto and DeFi group. We’re proud to be the primary 100% open venture on Bybit and to set the bar collectively in belief constructing,” mentioned Jivvva Kwan, Cofounder of SoSoValue.

This system comes at a crucial time when traders and regulators are more and more calling for higher accountability in digital asset markets. By implementing disclosure necessities, Bybit and the issuers are working collectively in the direction of creating a brand new benchmark for operational excellence within the {industry}. The broader shift towards enhanced transparency throughout the cryptocurrency ecosystem may doubtlessly affect industry-wide disclosure practices. The initiative is anticipated to strengthen market integrity and investor safety, whereas fostering a extra mature and reliable buying and selling atmosphere.

Customers could discover out extra about the latest SOSO disclosures on Bybit.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency change by buying and selling quantity, serving a worldwide group of over 60 million customers. Based in 2018, Bybit is redefining openness within the decentralized world by creating an easier, open and equal ecosystem for everybody. With a powerful give attention to Web3, Bybit companions strategically with main blockchain protocols to supply sturdy infrastructure and drive on-chain innovation. Famend for its safe custody, numerous marketplaces, intuitive consumer expertise, and superior blockchain instruments, Bybit bridges the hole between TradFi and DeFi, empowering builders, creators, and lovers to unlock the total potential of Web3. Uncover the way forward for decentralized finance at Bybit.com.

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