Two major cryptocurrency exchanges, Bybit and Binance, have separately announced the delisting of several spot trading pairs, with the Mantle (MNT) token bearing the brunt of the changes on Bybit.
Bybit’s delistings: On July 28 at 8:00 a.m. UTC, Bybit will remove 11 spot pairs. The list includes ETH/MNT, SOL/MNT, MNT/USDE, BBSOL/MNT, DOGE/MNT, XRP/MNT, ADA/MNT, SUI/MNT, LTC/MNT, VIRTUAL/MNT, and BRETT/USDC. Notably, eight of these pairs involve MNT, raising questions about the token’s ongoing exchange support. Bybit typically delists pairs due to low liquidity or insufficient trading volume, though no specific reasons were given. The exchange advised traders to close all open positions before the deadline to avoid automatic settlement.
Binance’s delistings: Binance will remove seven pairs on July 24 at 3:00 a.m. UTC: ACX/USDC, ALGO/BTC, CVC/USDC, LPT/USDC, ONG/BTC, RVN/USDC, and XRP/BNB. The affected tokens remain tradable against other base currencies on the platform. Binance cited routine market quality reviews as the impetus, which often target low-volume pairs to reduce slippage and concentrate liquidity.
Market implications: While delistings of this nature are standard exchange housekeeping, the disproportionate impact on MNT—losing nearly all its direct fiat-paired and altcoin-paired markets on Bybit—could signal reduced exchange appetite for the token. For XRP, the simultaneous loss of XRP/MNT on Bybit and XRP/BNB on Binance may marginally affect short-term liquidity. Traders holding affected pairs should reassess their positions before the respective deadlines to avoid unwanted liquidations.
