Bybit Closes 4 Web3 Services

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Bybit is winding down more of its Web3 offerings following the earlier shutdown of its NFT marketplace in April.

In an announcement on April 16, the exchange said it will be discontinuing several services on May 31, including its Cloud Wallet (a custodial wallet), Keyless Wallet (a non-custodial wallet using multiparty computation without a seed phrase), NFT marketplace, multi-chain decentralized exchange DEX Pro, and the Swap & Bridge cross-chain swap feature.

Additionally, Bybit will end its Web3 Points program—a loyalty system that rewarded on-chain activity with points redeemable for fee discounts, airdrop bonuses, and early access benefits—on April 28.