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Bybit Lists SENT: Strategic Move Expands Spot Trading Options

Bybit lists SENT token as a strategic move to expand spot trading options for crypto investors

Bybit officially announced the addition of SENT (Sentinel Network token) for spot trading starting August 17, 2025, at 12:00 UTC, with the initial trading pair being SENT/USDT. Deposits opened prior to trading, following Bybit’s standard phased rollout to ensure smooth market entry and technical stability. The exchange communicated the listing through official channels, including its blog and social media, maintaining transparency consistent with its 20+ million user base.

SENT Project Overview

SENT serves as the native utility token of the Sentinel Network, a decentralized VPN (dVPN) ecosystem launched in 2018. The project operates as a bandwidth marketplace where users monetize unused internet capacity by running nodes, while others pay SENT for private, censorship-resistant VPN services. Sentinel bridges Cosmos and Ethereum, enabling cross-chain functionality. Key metrics include:

  • Total supply: 10 billion SENT
  • Circulating supply: ~6.5 billion
  • Primary use case: dVPN payments + node rewards
  • Notable milestone: Sentinel dVPN app surpassed 500,000 downloads

The network emphasizes privacy, decentralization, and open internet access, positioning it within the growing Web3 infrastructure sector.

Strategic Rationale Behind the Listing

Bybit’s decision aligns with its pattern of listing utility-driven tokens that show:

  • Clear real-world use case
  • Active development and community engagement
  • Reasonable regulatory compliance profile
  • Potential trading volume after listing

The exchange conducts extensive due diligence, including smart-contract audits, legal structure review, and community assessment, before approving any asset. SENT fits this profile as an established project (2018 launch) with renewed relevance in the privacy and decentralized infrastructure narrative.

Spot Trading Mechanics on Bybit

Users can trade SENT using Bybit’s spot engine, which supports:

  • Market orders (instant execution at current price)
  • Limit orders (set specific price targets)
  • Maker-taker fee structure (typically 0.1% or lower with VIP tiers)
  • Advanced charting and order-book depth

New listings often experience elevated volatility in the first 24–72 hours as price discovery occurs. Bybit implements circuit breakers and other volatility controls during extreme movements, particularly for newly listed assets.

Regulatory & Security Considerations

Bybit maintains licenses in Cyprus, Kazakhstan, and other jurisdictions and applies consistent compliance checks to all listings. For SENT, the exchange verified:

  • Token classification (not deemed a security in major jurisdictions)
  • Project legal structure
  • AML/KYC alignment

Security features include cold storage, multi-signature wallets, regular third-party audits, and insurance coverage for digital assets. These protections apply equally to new listings like SENT.

Competitive Landscape and Market Positioning

Bybit competes with Binance, Coinbase, Kraken, and others by focusing on:

  • Early listing of promising utility tokens
  • High-performance trading engine
  • Mobile/desktop feature parity
  • Educational resources via Bybit Academy

The SENT addition strengthens Bybit’s infrastructure and privacy token offerings, appealing to traders interested in Web3 utilities beyond pure speculation.

Conclusion & Key Takeaways

Bybit’s listing of SENT reflects a deliberate strategy to diversify beyond mainstream assets while prioritizing projects with real utility and established ecosystems. Traders gain early access to a privacy-focused dVPN token with cross-chain capabilities, while Bybit reinforces its position in the competitive exchange landscape.

Quick Checklist for Traders:

  • Verify SENT deposits are open before trading
  • Use limit orders during initial high-volatility period
  • Review Bybit fee tiers and VIP benefits
  • Monitor official Bybit channels for any listing updates

This listing is part of Bybit’s broader push to offer diverse, utility-focused assets in a secure, compliant environment.

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