Crypto exchange Bybit announced that it will discontinue a wide range of its Wweb3 products and services by the end of May, according to an April 16 notice.
The exchange said the decision is part of a shift in its operational focus as it enters a new phase of growth and innovation.
Discontinued services
Among the services being phased out are Bybit’s Cloud Wallet and Keyless Wallet, both of which will become unavailable after May 31, 2025.
Users have been urged to transfer all assets, including tokens, NFTs, and inscription assets, from these wallets to either their Bybit Funding Account or Seed Phrase Wallet before the deadline. Failure to do so may result in delayed access and require additional identity verification.
Several Web3 trading features will also be shut down at the end of May, including Bybit’s DEX Pro platform, Swap & Bridge service, and the broader NFT Marketplace will be discontinued.
Marketplace users who fail to withdraw NFTs in time may permanently lose acce
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