BYBIT WINDS DOWN NFT, INSCRIPTION, AND IDO SERVICES

Crypto exchange Bybit has officially shut down its NFT marketplace, along with its inscription and initial DEX offering (IDO) services.

The company cited shifting market dynamics and a renewed focus on its core trading platform as key reasons for the decision.

As exchanges continue to adapt to evolving user demand, many are scaling back non-essential services.

Bybit’s move raises questions about the long-term viability of NFT and inscription markets on centralized platforms.

Will other exchanges follow suit in refocusing on core products?

Source: @Crypto_Briefing