Bybit Suspends ZEC and DASH Trading: What Does It Mean?

Bybit has suspended trading in all ZEC and DASH pairs. Users must withdraw these cryptocurrencies from the exchange by May 28.

Is this another blow to privacy coins?

Unlikely. The campaign to push privacy coins off cryptocurrency exchanges was more characteristic of early 2024 than early 2025. And this approach has already proven ineffective:

• In my article on how listings and delistings affect cryptocurrency prices, I showed XMR's price movement after being delisted from major crypto exchanges. After an initial drop, it quickly recovered.
• The narrative about needing to cut off privacy coins from exchanges has long been forgotten (that same XMR trades without issues on the highly compliant Kraken platform, where you can exchange it not for some illiquid junk, but for the most common fiat currency).

Most likely, the delisting of privacy coins from Bybit is due to low demand from owners of such currencies. They don't need a centralized exchange with strict KYC to convert their assets to others. They can do this without registration or any restrictions at rabbit.io.

That's why trading volumes for these cryptocurrencies on Bybit were minimal. So why support them at all? There's no reason! That's why they've been discontinued.

I'm confident this won't affect the future of ZEC and DASH. Nor will it impact your ability to exchange them. Welcome to rabbit.io!