Bybit Tweets About NFTs

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Bybit, the crew behind the favored cryptocurrency alternate Bybit CEX, has tweeted about non-fungible tokens. This bullish tweet has left many crypto customers on X (previously generally known as Twitter) astonished, contemplating that the platform lately closed down its non-fungible token market platform. Is the Bybit crew planning to return to the worldwide non-fungible token market?

In a Might 15 weblog put up, the Bybit crew tweeted in regards to the definition of NFTs, stating “non-fungible token, a digital factor you possibly can personal that nobody can even when they right-click save.” This tweet has sparked totally different sensations amongst crypto X customers. A number of crypto X customers have already began making their guesses, with one consumer sharing that Bybit could quickly launch an NFT decentralized alternate.

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— Bybit (@Bybit_Official) May 15, 2025

Launched in March 2018, Bybit is without doubt one of the distinguished digital foreign money exchanges that enables customers to purchase, promote, and commerce a wide range of cryptocurrencies, together with Bitcoin, Ethereum, and different digital property. Over time, Bybit crypto alternate has rapidly gained reputation for its concentrate on derivatives buying and selling, significantly perpetual and futures contracts. The crypto alternate platform permits crypto customers to commerce over 650 cryptocurrencies throughout spot, margin, and futures.

Bybit beforehand operated a non-fungible token market platform that allowed customers to purchase, promote, and commerce non-fungible tokens throughout totally different blockchain networks. Bybit’s NFT market was meant to be user-friendly, particularly for brand spanking new crypto customers. In accordance with Bybit, the NFT market platform was slated to permit anybody who desires to take part in its NFT market to create an account and get began in a matter of minutes.

Sadly, Bybit closed its NFT market on April 8, 2025. This resolution got here after a major decline in NFT buying and selling volumes, with every day volumes dropping 70% year-over-year and over 95% since peak ranges in December 2024. The closure was additionally attributed to Bybit’s efforts to streamline its operations and concentrate on its major buying and selling actions.

Does Bybit Plan To Flip Again Into NFTs?

Bybit’s exit from the NFT market was a part of a broader NFT development, which left different main NFT platforms like X2Y2, Kraken, RTFKT, and LG additionally closing or asserting closures of their NFT platforms. The current tweet means that the Bybit crew continues to be bullish on NFTs and should discover their means again into the market sooner or later. Within the meantime, the Bybit crew has not shared any future plans about NFTs.