Bybit Tweets About NFTs

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Bybit, the staff 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 not too long ago closed down its non-fungible token market platform. Is the Bybit staff planning to return to the worldwide non-fungible token market?

In a Might 15 weblog publish, the Bybit staff tweeted concerning the definition of NFTs, stating “non-fungible token, a digital factor you’ll be able to 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 person sharing that Bybit might quickly launch an NFT decentralized alternate.

🖼️ pic.twitter.com/1YCFPALo5G
— Bybit (@Bybit_Official) May 15, 2025

Launched in March 2018, Bybit is among the outstanding digital forex exchanges that enables customers to purchase, promote, and commerce quite a lot of cryptocurrencies, together with Bitcoin, Ethereum, and different digital belongings. Through the years, Bybit crypto alternate has shortly gained reputation for its give attention to 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 line 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 choice got here after a major decline in NFT buying and selling volumes, with day by 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 give attention to 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 pattern, which left different main NFT platforms like X2Y2, Kraken, RTFKT, and LG additionally closing or asserting closures of their NFT platforms. The latest tweet means that the Bybit staff continues to be bullish on NFTs and will discover their manner again into the market sooner or later. Within the meantime, the Bybit staff has not shared any future plans about NFTs.