Bybit, one of the cryptocurrency exchanges with the most rapid growth, has announced the introduction of its grid trading bot. On June 20, the new grid trading capabilities of Bybit will be accessible to all active members. Users of Bybit will be able to use the grid trading bot to automate their trading orders and modify their capital investment.
By completing low purchase orders that result in large sell orders during a sideways price movement, the grid trading bot guarantees profitability if the sale price surpasses the purchase price, reducing the necessity for market forecasting. The bot is based on the trading premise of purchasing at a low price and selling at a higher price in order to profit from the price gap. Moreover, it is deemed most profitable and perfectly suited for markets with frequent price fluctuations.
With this new feature, Bybit offers intelligent AI parameters for every trading pair supported by the bot. To make it more profitable for their users, quantitative professionals establish and maintain the settings. With the touch of a button, a user can share their trading technique with another trader when their trading bot has been configured and is generating a profit.
Adding to Bybit’s VIP program, which offers regular users lowered trading fees, discounts, a $500K prize pool, and in-person meetups, VIP customers can avail the very same trading discounts using the new bots. In addition, users on the path to becoming VIPs can expand their status more quickly due to the bot’s increased trading frequency.
Enhancing Grid Trading With World Class Liquidity and Reliability
Bybit has proven to be the most dependable, consistent, and user-friendly cryptocurrency exchange during the 2021 crypto bull run, with the finest liquidity and dispersion. Exceptional among other prominent trading platforms, Bybit’s strong 100K TPS matching engine maintained a 99.99% uptime during the entire year with neither overload nor downtime.
Liquidity is perhaps the defining characteristic of asset platforms. Bybit’s trading platform for derivatives boasts the finest liquidity and smallest spread in the industry. Traders may minimize risks and protect themselves from excessive losses using multi-layered liquidation rules that assure safety and impartiality across all Bybit trades at every level. This guarantees them the best market quote and execution even during periods of intense volatility.
Bybit’s retail-focused solutions and user support-focused services are expected to assist in lowering the entry barrier to crypto trading for a multitude of consumers across the globe. This will allow them to enjoy the streamlined delivery of cryptocurrency trades.
According to Ben Zhou, co-founder, and CEO of Bybit:
“At Bybit, we are always on the lookout for products and services that can help our users capitalize on the bull run and on the emerging digital asset class with ease and confidence. We are convinced that our users will be as excited about grid trading as we are in rolling it out for them.”
About Bybit
Since its launch in March 2018, the cryptocurrency trading platform Bybit has provided crypto traders with an innovative platform featuring a prompt matching engine, exceptional customer care solutions, as well as multilingual community support networks. Institutional and retail clients from all over the globe utilize the company’s complete digital derivatives trading features, spot trading solutions, crypto mining as well as staking solutions, revolutionary NFT marketplace, and API support.
Bybit is a dedicated partner of Oracle Red Bull Racing, the Formula One team, Alliance, Astralis, the esports teams NAVI, Virtus.pro, and Oracle Red Bull Racing Esports, as well as the association football (soccer) teams Avispa Fukuoka and Borussia Dortmund.
