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Bybit to S...
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Bybit to Shut Down NFT, Inscription, and IDO Services

  • Bybit has announced the closure of its NFT Marketplace, Inscription Marketplace, and IDO product pages as part of its efforts to simplify services.
  • Bybit supports asset management through alternative platforms for users to view NFTs with inscriptions.
  • Bybit has demonstrated strong financial success despite a security attack in February, attracting $3.61 billion in capital in March 2023.
  • The termination of NFT and IDO platforms by Bybit is influenced by declining trading volumes and regulatory factors in the cryptocurrency industry.

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