DUBAI, UAE , December 28, 2023 /PRNewswire/ — Bybit , the world’s third largest cryptocurrency exchange by volume, has introduced the highly anticipated Bot Transaction Copy feature, which combines Transaction Copy with Futures Grid Bots. This new tool opens up access to trading bots that make trading better for Bybit’s 20 million users.
The new Bot Trading Copy system is designed to deliver effortless automation by allowing users to copy Expert Traders’ grid settings. Using Futures Grid Bots, users can automate their trading strategies so that both Expert Traders and Followers can concentrate on strategy development rather than dealing with the minutiae of individual trades.
An important advantage of Bot Copying is that it simplifies strategy estimation. Users do not need to make precise market predictions, instead they can set the price range they want and leave the rest to the bot. This approach provides flexibility and helps minimize risk, especially in sideways markets.
Becoming an Expert Trader is an exciting opportunity for those who want to increase the impact of their trading. Expert Traders can get a huge increase in their income by sharing their grid strategies and earning 10-15% profit share in public mode or 0-99% with whitelisted followers.
“Our Bot Transaction Copy feature is a groundbreaking innovation that will enable more people to get on board with Crypto,” said Ben Zhou , co-founder and CEO of Bybit . “It aims to empower our users with technologies that not only simplify trading but also maximize their potential profits.”
Expert Traders will now also have access to a new tool called SyncMaster, which is designed to synchronize trading parameters by matching followers with their chosen Expert Trader strategies and risk management settings. It features Forced Sync, which prevents Followers from making changes to trading parameters to fully implement the Expert Trader’s approach for tighter alignment.
Expert Traders can sign up for Expert Trader sub-accounts and create bots that allow Followers to automatically copy their strategies. Followers have the option to clone USDT Futures, Trading Bots, or both.
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About Bybit
Bybit was founded in 2018 and is one of the three largest cryptocurrency exchanges by volume with 20 million users. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service and community support in multiple languages. Bybit is a proud partner of the Oracle Red Bull Racing team, Formula One’s latest brand and driver champions.
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