Bybit Financial Disclosure Trial Reshapes Spot Listings
Cryptocurrency exchange Bybit introduced a financial and operational data disclosure mechanism for projects listed on its spot trading platform on Monday.
Bybit is among the first major exchanges to implement mandatory transparency in token listings.
The new mechanism requires projects to disclose financial performance, treasury management, tokenomics, and key operational metrics.
Bybit’s Financial Disclosure Trial Kicks Off with SoSoValue: The Numbers Are Surprising
The first project to participate in Bybit’s financial disclosure trial is SoSoValue (SOSO).
According to SoSoValue’s financial report, the protocol’s revenue increased from $37,440 before its listing on Bybit to $273,307 after listing—a 629.18% increase
At the same time, marketing and community expenses dropped by 73.02% to $60,220, indicating improved cost efficiency.
Other key performance indicators also showed positive momentum.
Bybit announced the trial of a project financial and operational data disclosure mechanism, becoming the first crypto exchange to require spot coin listing projects to disclose financial reports. SoSoValue was the first to disclose data. https://t.co/X0r3xyqXMt
— Wu Blockchain (@WuBlockchain) February 17, 2025
The number of daily active users on the project’s website increased by 35.27%, reaching 1.28 million.
Additionally, the project’s total value locked (TVL) rose sharply from $16.22 million to $180.8 million, representing a 1076.32% increase.
The token supply and emission models remained stable, with a structured burn rate and allocation model in place.
Bybit’s introduction of financial disclosure requirements enhances transparency in the crypto trading environment, giving traders and investors real-time insights into the financial health and sustainability of listed projects.
Bybit Unveils Retail Price Improvement (RPI) Orders: A Game Changer for Traders?
In addition to the disclosure mechanism, Bybit is expanding its trading ecosystem.
Also on February 17, Bybit announced the launch of the Retail Price Improvement (RPI) Order, an order type intended to increase liquidity and improve pricing for retail traders.
The RPI Order, set to launch on February 20, 2025, will match only non-algorithmic users. It will operate as a post-only order to add liquidity and execute with lower priority than standard orders at the same price level.
Initially, access will be limited to select market makers across multiple spot trading pairs. Orders will be displayed on the trading interface but excluded from API order books.
To accommodate these changes, Bybit is updating its OpenAPI system by introducing a new “timeInForce” enum value for RPI support in order-related functions, such as order placement and trade history retrieval.
New response fields, such as “isRPITrade” and “RPI,” will reflect RPI-related transactions. RPI Orders will be excluded from API-based order book data.
The exchange plans a two-month testing period starting February 20, 2025, after which official Retail Liquidity Provider (RLP) criteria will be announced.
Only users with a Maker Volume Share exceeding 10% in any spot trading category will qualify for early participation, ensuring a controlled rollout before broader adoption.
Meanwhile, Bybit has achieved a regulatory milestone by being removed from France’s Autorité des Marchés Financiers (AMF) blacklist.
The move follows two years of compliance efforts as the exchange seeks a Markets in Crypto-Assets (MiCA) license to operate legally in the European Union.
Looking ahead, Bybit might have set the proper groundwork for a more transparent and trustless approach for crypto projects, which in the past were not held accountable for their inadequacies, even when done intentionally.
Since Bybit is already demonstrating success with this new feature on its exchange, we should expect other exchanges to follow suit.
Community sentiment will likely grow to demand more of this level of transparency going forward.
Source: cryptonews.com
