Bybit Halts SWEAT Deposits, Delists Spot Pair by 2026

Bybit has suspended deposits for the SWEAT token and announced the delisting of its SWEAT/USDT spot trading pair, effective May 11, 2026, at 8 AM UTC. This move gives traders a significant, albeit distant, window to adjust their positions.

The immediate halt on SWEAT deposits means users cannot transfer new tokens onto the platform. While spot trading of the SWEAT/USDT pair continues for now, this initial step often precedes full delisting, indicating a shift in exchange support for the asset.

Notably, the May 2026 deadline for trading cessation is unusually distant, offering an extended grace period compared to typical delisting notices which often provide weeks, not years. This prolonged timeline could mitigate immediate panic selling, but it also introduces a protracted period of uncertainty for the asset's future on Bybit.

For SWEAT holders, this announcement necessitates evaluating alternative trading venues and monitoring liquidity across exchanges. The token, intrinsically linked to the move-to-earn Sweatcoin application, will likely see its trading volume consolidate elsewhere as the deadline approaches. Traders should anticipate potential price volatility as the delisting date draws nearer, particularly if significant holders opt to exit positions on Bybit.

While Bybit has yet to specify a withdrawal deadline for SWEAT, users should prepare for eventual off-platform transfers. The market will now watch for any further announcements from Bybit regarding withdrawal windows and how SWEAT's price reacts on other major exchanges in the coming months, especially given the two-year lead time before the final trading halt.