Bybit, the world’s third most visited crypto exchange, has announced a major upgrade to its Copy Trading product. This upgrade introduces advanced automated trading capabilities to the platform, revolutionizing how traders manage their portfolios.
By integrating the main derivatives terminal into the Copy Trading platform, Bybit now provides users with a comprehensive suite of features and third-party tools to effectively manage their portfolios. This integration streamlines the trading process by eliminating the need for a separate tab, making it easier for account Followers to replicate trades.
More on Bybit’s Copy Trading platform
One of the standout features of the upgrade is the support for V3/V5 USDT Perpetual OpenAPI, enabling Master Traders to execute automated strategies more efficiently than ever before. This integration empowers traders with enhanced opportunities for profit and better risk management techniques.
To enhance the trading experience further, Bybit allows over 18,000 Master Traders to link their Bybit Subaccounts to popular third-party trading tools via API integration. This integration enables access to advanced features such as conditional orders, trailing stop, and TWAP (Time Weighted Average Price) tools previously unavailable on the platform. Traders can now optimize their strategies and maximize their trading potential.
Bybit’s upgraded Copy Trading platform ensures that trades are executed at optimal prices, reducing costs and minimizing the possibility of human error. The new features also enable round-the-clock trade execution, allowing users to seize market opportunities without the need for constant monitoring. Moreover, simultaneous transactions are now supported, boosting efficiency and providing traders with greater flexibility.
Ben Zhou, co-founder and CEO of Bybit, expressed his satisfaction with the major upgrade, emphasizing the company’s commitment to meeting traders’ evolving needs. Zhou stated:
“With the integration of the main trading terminal into our Copy Trade feature and support for automated strategies via API integrations, we have made it much easier for users to manage their portfolios and enhance their profits while mitigating risks.”
Bybit, established in 2018, has quickly gained recognition as a leading cryptocurrency exchange. The platform features its ultra-fast matching engine, excellent customer service, and multilingual community support.
Bybit has also formed partnerships with prestigious entities, including Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, as well as esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.
Bybit’s upgraded Copy Trading product empowers users with advanced automated trading capabilities, enabling effective portfolio management, enhanced profits, and risk mitigation. The integration of the derivatives terminal and the support for API integrations with third-party tools demonstrate Bybit’s commitment to continuously evolving and improving its services to cater to traders’ needs.
Bybit’s recent upgrade to its Copy Trading platform signifies a groundbreaking advancement in the cryptocurrency trading landscape. By providing traders with advanced automated trading features and seamless third-party tool integration, Bybit has set a new standard for copy trading platforms. Traders can now benefit from enhanced trading opportunities, streamlined processes, and improved risk management techniques.
