Bybit has announced the delisting of the SOMIUSDT perpetual contract on October 21, 2025, in a move aimed at enhancing platform integrity and addressing liquidity challenges. This decision comes alongside adjustments to trading parameters and funding rates, reflecting Bybit’s commitment to improve user protection and align with market dynamics. The delisting is driven by the need to maintain platform stability and address liquidity issues related to the SOMIUSDT contract. Bybit highlights its ongoing efforts to optimize trading environments, including proactive management of risk and volume in a manner consistent with industry practices. While this may impact the existing presence of SOMI’s market and potentially influence other crypto markets, Bybit believes it minimizes broader market disruption. The potential effects on liquidity are being closely monitored by industry experts. It is important for users holding SOMI to review their portfolios promptly.