Bybit Tweets About NFTs

Join Our Telegram channel to stay up to date on breaking news coverage

Bybit, the team behind the popular cryptocurrency exchange Bybit CEX, has tweeted about non-fungible tokens. This bullish tweet has left many crypto users on X (formerly known as Twitter) astonished, considering that the platform recently closed down its non-fungible token market platform. Is the Bybit team planning to return to the global non-fungible token market?

In a May 15 blog post, the Bybit team tweeted about the definition of NFTs, stating “non-fungible token, a digital thing you can own that no one can even if they right-click save.” This tweet has sparked different sensations among crypto X users. Several crypto X users have already started making their guesses, with one user sharing that Bybit may soon launch an NFT decentralized exchange.

🖼️ pic.twitter.com/1YCFPALo5G

— Bybit (@Bybit_Official) May 15, 2025

Launched in March 2018, Bybit is one of the prominent digital currency exchanges that allows users to buy, sell, and trade a variety of cryptocurrencies, including Bitcoin, Ethereum, and other digital assets. Over the years, Bybit crypto exchange has quickly gained popularity for its focus on derivatives trading, particularly perpetual and futures contracts. The crypto exchange platform allows crypto users to trade over 650 cryptocurrencies across spot, margin, and futures.

Bybit previously operated a non-fungible token market platform that allowed users to buy, sell, and trade non-fungible tokens across different blockchain networks. Bybit’s NFT marketplace was meant to be user-friendly, especially for new crypto users. According to Bybit, the NFT market platform was slated to allow anyone who wants to participate in its NFT marketplace to create an account and get started in a matter of minutes.

Unfortunately, Bybit closed its NFT marketplace on April 8, 2025. This decision came after a significant decline in NFT trading volumes, with daily volumes dropping 70% year-over-year and over 95% since peak levels in December 2024. The closure was also attributed to Bybit’s efforts to streamline its operations and focus on its primary trading activities.

Does Bybit Plan To Turn Back Into NFTs?

Bybit’s exit from the NFT market was part of a broader NFT trend, which left other major NFT platforms like X2Y2, Kraken, RTFKT, and LG also closing or announcing closures of their NFT platforms. The recent tweet suggests that the Bybit team is still bullish on NFTs and may find their way back into the market in the future. In the meantime, the Bybit team has not shared any future plans about NFTs.