Bybit, a leading cryptocurrency exchange, will support the Babylon (BABY1) v4.1 network upgrade set for November 24, 2025, ensuring security as deposits and withdrawals are temporarily paused.
The upgrade, integral for blockchain advancements, keeps trading unaffected but temporarily suspends transactions, emphasizing the exchange’s commitment to technological updates without disrupting user activities.
Bybit has announced support for the Babylon (BABY1) v4.1 network upgrade, scheduled for November 24, 2025, affirmed by official sources. The upgrade primarily affects the BABY1 token, with trading activities on Bybit’s Spot platform remaining uninterrupted during the process.
The upgrade is led by BabylonLabs, with Bybit handling migration protocols for users. This upgrade marks another step in Babylon’s ongoing development, with no new funding or institutional backing mentioned. It ensures continued network efficiency and user engagement.
Bybit Endorses BABY1 Upgrade Slated for November 24
Bybit and HTX will temporarily suspend BABY1 withdrawals and deposits during the upgrade. This is to ensure a smooth transition without affecting trading activities. User funds remain secure, with no issuance of new tokens documented.
The upgrade continues a pattern of consistent enhancements, with impacts confined to BABY1. Historical trends indicate stable market behavior following such updates, with trading volume on Bybit expected to maintain its course. Liquidity or TVL changes are unreported.
BABY1 Withdrawals Suspended Temporarily: User Funds Secure
Previous upgrades, like BABY1 v1.1 and v4.0.0, proceeded without notable disruptions. These events have set precedents for security measures, with trading unaffected while deposits and withdrawals temporarily halt during upgrades.
No expert quotes are currently available from leading figures at Bybit or Babylon. However, consistent upgrades align with industry trends focusing on enhanced network stability and security, ensuring long-term user confidence in platform operations.
Bybit will be supporting the Babylon (BABY1) v4.1 Network Upgrade, which is expected to take place on Nov 24, 2025…” – Bybit Announcement
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