Bybit Exchange, a leading global cryptocurrency brand, has firmly denied allegations that it charges projects an exorbitant $1.4 million fee to list new tokens. The claims surfaced in an April 14 post by X (formerly Twitter) user “silverfang88,” who also accused Bybit of suppressing student complaints from its Campus Ambassador program using key opinion leaders (KOLs).
Bybit CEO Ben Zhou swiftly responded, demanding proof and warning against the spread of unverified rumors in the crypto space. The exchange later provided Cointelegraph with a detailed breakdown of its listing requirements, clarifying that its process is structured, transparent, and far from the “pay-to-play” model suggested by critics.
Bybit Exchange Token Listing Process: No $1.4M Fee
Contrary to the viral claim, Bybit explained that it follows a rigorous evaluation system for new token listings, focusing on project legitimacy rather than arbitrary fees. The exchange outlined three key components:
- Promotion Budget – Projects must allocate funds for marketing and user engagement, though Bybit does not directly hold these tokens due to regulatory constraints.
- Security Deposit – A refundable deposit of 200,000–300,000 in stablecoins ensures projects meet their promotional commitments. Failure to do so may result in penalties.
- Comprehensive Evaluation – Each submission undergoes internal review, including voting, on-chain analysis, and risk assessment.
“Listing decisions are based on fundamentals—not secret fees,” a Bybit Exchange spokesperson told Cointelegraph. The exchange evaluates factors such as:
- Token utility and real-world use cases
- Team credibility and project transparency
- Market demand and fair token distribution
This structured approach helps Bybit maintain a high-quality marketplace, avoiding the pitfalls of low-effort listings seen on some rival platforms.
Campus Ambassador Program Controversy:
Bybit Exchange Demands Evidence
The X user further alleged that Bybit’s 2024 Campus Ambassador program involved questionable practices, including offering students “trial contracts” and using KOLs to silence dissent.
Zhou challenged these claims, stating, “If Bybit has done anything wrong, show evidence.” The exchange has yet to issue an official statement on the ambassador program specifics but emphasizes its commitment to ethical crypto education initiatives.
Bybit Exchange’s Campus Ambassador program is designed to foster blockchain awareness among students, offering networking and learning opportunities. The allegations, if unproven, could unfairly damage the exchange’s reputation in the academic and crypto communities.
Why Transparency Matters in Crypto Listings
As regulatory scrutiny increases, exchanges like Bybit Exchange face pressure to demonstrate fair listing practices. The $1.4 million rumor, while unsubstantiated, highlights the crypto industry’s ongoing battle against misinformation.
Bybit’s clarification reassures traders and projects that its listing system prioritizes merit over financial influence. Unlike some platforms accused of favoritism, Bybit enforces strict due diligence—a necessity in an era of frequent scams and rug pulls.
Bybit Focuses on Integrity Amid Allegations
Bybit’s denial of the $1.4 million listing fee and its call for evidence-based discussions reflect its commitment to transparency. The exchange’s detailed listing criteria provide clarity for projects seeking exposure while protecting users from low-quality assets.
As the crypto market evolves, Bybit’s adherence to structured reviews and compliance will remain crucial in maintaining trust. Traders and developers should watch for official updates, but for now, the exchange stands by its reputation as a fair and secure trading platform. Stay tuned as The Bit Gazette makes sure you do not miss an update as it serves you breaking news on Bybit Exchange and expert analysis.
