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FollowingBybit announced the removal of its LBTC chain money-making products
Bybit recently announced the removal of LBTC tokens from its chain money-making products. This change will directly affect users currently holding LBTC positions through the platform\'s revenue services.
Bybit confirms removal of LBTC from on-chain coin making products
Bybit\'s official announcement page confirms that LBTC will be removed from its on-chain coin making products. The removal is only for the on-chain money-making service-which allows users to earn revenue from deposited assets through on-chain strategies.
LBTC is a liquid Bitcoin derivative token and is the only asset affected in this removal notice. Bybit has previously taken similar actions against assets in other similar products; a separate notice confirmed the removal of cmETH from on-chain monetization products, indicating that regular product reviews are a standard operating procedure for the exchange.
Quick overview of key points
Affected assets: LBTC (liquid bitcoin)
Affected products: Bybit\'s on-chain money-making products only
Actions to be taken by users: Please check the specific instructions on positions in Bybit\'s account
This is not the first time Bybit has adjusted its product line in the near future. The exchange has been actively managing its product portfolio, including the launch of new perpetual contracts, while removing some assets from income-based products.
What does the removal of LBTC mean for Bybit users
Users who currently hold LBTC positions in coin making products on Bybit chain should check their accounts to see if any action needs to be taken. Removal from revenue products usually means that the platform will stop providing revenue for the asset, and users may need to withdraw or reconfigure their positions.
Existing research data does not include specific operational details, such as redemption deadlines, automatic redemption processes or settlement schedules. Users should directly refer to Bybit\'s official announcements and in-app notices for specific instructions for the account.
It is worth noting that this removal is only applicable to on-chain money-making products. The announcement did not indicate that LBTC spot trading or other Bybit services would be affected. Users who hold LBTC outside of on-chain coin making products may not need to take immediate action, but it is recommended to continue to pay attention to the overall updates of the Bybit platform.
Key details that traders should pay attention to next
As of this writing, there are still a number of important details that have not yet been confirmed. Bybit did not publicly disclose the reasons for removing LBTC from its on-chain money-making products, and the effective date has not been confirmed in the existing information.
Traders should pay attention to the following three follow-up information: whether Bybit will announce a specific deadline for LBTC revenue accumulation; whether the exchange will explain the reasons behind the removal; and whether any alternative products or migration paths will be provided to affected users.
In recent months, Bybit has continued to improve its product system, including launching new institutional mortgage services and adjusting margin requirements. The removal of LBTC appears to be part of this ongoing product management cycle rather than an isolated incident.
Disclaimer : This article is for information purposes only and does not constitute financial or investment advice. There are significant risks in the cryptocurrency and digital asset markets. Please study for yourself before making any decisions.
