Bybit Delists REQUSDT Perpetual Contract: What Traders Need to Know

Bybit has officially announced the delisting of the REQUSDT perpetual contract, set to take effect on June 8, 2026, at 08:00 UTC. This move removes the only futures pair for Request (REQ) on the exchange, though spot trading of REQ remains unaffected on Bybit and other platforms. For traders holding open positions, the clock is ticking to manage exposure.

What Happened

On June 1, 2026, Bybit published a notice stating that the REQUSDT perpetual contract would be delisted due to standard periodic review. All open positions will be auto-closed at the delisting time, and any remaining funds will be credited to users' accounts. The exchange cited no specific reason beyond routine maintenance of its futures offerings.

This is not the first time REQ has faced exchange delisting—similar events occurred on Liqui in 2018. However, the token continues to trade on over 155 active markets, including Binance, Coinbase, and KuCoin, with a 24-hour volume of approximately $1.6 million.

Token Snapshot

Request (REQ) is an Ethereum-based token powering the Request Network, an open-source protocol for decentralized invoice and payment requests. Key metrics:

• Current supply: ~999.4 million REQ
• Circulating supply: ~796.7 million REQ
• Last known price: $0.06657 (up 0.61% in 24 hours)
• Platform: Ethereum (ERC-20)
• Tags: DeFi, Payments, Smart Contracts, Ethereum Ecosystem

The project remains active, with a development team, a Discord community, and a GitHub repository. Its utility includes anti-spam, governance, staking, and fee discounts on the network.

Risk Notes

Delisting from a major exchange's futures market can reduce liquidity and speculative interest, potentially pressuring spot prices in the short term. However, REQ's fundamentals—backed by a working protocol and multiple exchange listings—suggest the token is not at risk of complete removal. Traders should:

• Close any REQUSDT perpetual positions before June 8, 2026, to avoid forced liquidation.
• Monitor spot markets for potential volatility around the delisting date.
• Verify that their chosen exchange supports REQ withdrawals and deposits.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency trading carries significant risk.

Where to Trade

While Bybit futures are closing, REQ remains tradable on spot markets across major exchanges. For automated trading strategies, consider using our bot: Trade with our bot.