New Listings

Bybit will support the rebranding and migration of Klaytn (KLAY) to KAIA, with KLAY tokens automatically converted to KAIA tokens at a 1:1 ratio (1 KLAY = 1 KAIA). Please take note of the important details and timeline below to avoid disruptions in your trading activities.

: Bybit will delist and cease trading on all Spot trading pairs for KLAY.

 Bybit will open trading for the KAIA/USDT trading pair. 

All open trade orders will be automatically removed after trading ceases in each respective KLAY trading pair.

Deposits and withdrawals of KLAY tokens will be suspended. Please ensure that your KLAY deposits are fully processed before this time.

After the rebranding is complete, deposits and withdrawals of KLAY tokens will no longer be supported.

 Bybit will delist the KLAYUSDT Perpetual Contract. Please note:

The KLAYUSDT Perpetual Contract will no longer be available for trading.

All active and conditional orders for the KLAYUSDT Perpetual Contract will be canceled automatically.

Any open positions will be closed automatically, with the closing price based on the average index price over the 30 minutes prior to delisting.

KLAYUSDT Perpetual Contracts will no longer be supported on Trading Bots.

All unfilled orders for KLAYUSDT Perpetual Contracts in Copy Trading will be automatically canceled.

3. Borrowing (UTA), Crypto Loans, and Institutional Loans

New orders for Borrowing (UTA) and Crypto Loans involving KLAY are no longer being accepted.

 KLAY will no longer be accepted as collateral for Borrowing (UTA), Crypto Loans, or Institutional Loans, and cannot be used for repayment.

Any outstanding KLAY liabilities must be repaid before this time. Failure to do so will trigger automatic repayment and may result in asset losses.

Users are strongly advised to adjust their margin and monitor the Maintenance Margin Rate (MMR) and Loan-to-Value (LTV) ratio to avoid potential liquidation.

New orders for KLAY in Flexible Savings have been discontinued.

Oct 29, 2024, 6AM UTC: KLAY will be removed from all Earn products, including Bybit Savings. Users' principal and accrued yield will be automatically credited to their Funding Accounts.

If you have active DCA Bots for KLAY/USDT, please close them before Oct 29, 2024, 8AM UTC. Otherwise, they will be terminated automatically.

You can create new DCA Bots for the KAIA/USDT pair starting Nov 4, 2024, 8AM UTC.

During the rebranding process, users may experience temporary restrictions on viewing KLAY assets in their accounts. Rest assured that all KLAY assets will remain secure and unaffected during this transition.

For more details on the KLAY to KAIA rebranding, please refer to the official announcement [here](https://docs.kaia.io/misc/kaia-transition/faq-chain-transition/).

We appreciate your understanding and cooperation throughout this process. If you have any questions or concerns, please feel free to reach out to our Customer Support via [this form](https://www.bybit.com/en/help-center/s/webform).

Bybit Will Support the Token Migration From Klaytn (KLAY) to KAIA

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