Bybit has announced the delisting of LBTC from its On-Chain Earn product, a move that affects users currently holding LBTC positions through the platform’s yield-generating service.
Bybit Confirms LBTC Delisting From On-Chain Earn
The announcement, posted through Bybit’s official announcements page, confirms that LBTC will be removed from the Bybit On-Chain Earn product. The delisting applies specifically to the On-Chain Earn service, which allows users to generate yield on deposited assets through on-chain strategies. For related coverage, see Bybit to Support Siacoin (SC) v2.14.1 Network Upgrade.
LBTC, a liquid Bitcoin derivative token, is the only asset affected by this particular delisting notice. Bybit has previously taken similar actions with other assets on the same product; a separate notice confirmed the delisting of cmETH from On-Chain Earn, suggesting periodic product reviews are part of the exchange’s standard operations.
TLDR: Key Points
- Asset affected: LBTC (Liquid Bitcoin)
- Product affected: Bybit On-Chain Earn only
- Action required: Users should check their Bybit accounts for position-specific instructions
This is not the first time Bybit has adjusted its product offerings recently. The exchange has been actively managing its lineup, including listing new perpetual contracts while simultaneously pruning assets from yield products.
What The LBTC Delisting Means For Bybit Users
Users who currently hold LBTC positions in Bybit On-Chain Earn should review their accounts for any required action. A delisting from an earn product typically means the platform will stop offering yield on that asset, and users may need to withdraw or reallocate their holdings.
The research available does not include specific operational details such as redemption deadlines, automatic conversion procedures, or settlement timelines. Users should refer directly to Bybit’s official communications and in-app notifications for account-specific instructions.
It is worth noting that this delisting applies only to the On-Chain Earn product. There is no indication from the announcement that LBTC spot trading or other Bybit services are affected. Users who hold LBTC outside of the On-Chain Earn product may not need to take any immediate action, though monitoring Bybit’s broader platform updates is advisable.
Key Details Traders Should Watch Next
Several important details remain unconfirmed at the time of writing. Bybit has not publicly disclosed the reason for removing LBTC from On-Chain Earn, and no effective date has been confirmed in the available materials.
Traders should watch for three follow-up details: whether Bybit publishes a specific cutoff date for LBTC yield accrual, whether the exchange explains the rationale behind the delisting, and whether any alternative product or migration path is offered for affected users.
Bybit has continued to evolve its product suite in recent months, including launching new institutional collateral services and adjusting margin requirements. The LBTC delisting appears to be part of this ongoing product management cycle rather than an isolated event.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
