Bybit launches AI Aurora for enhanced bot trading

Rick Steves

“Bybit is committed to empowering traders with cutting-edge tools and technologies. The launch of Aurora AI marks a significant stride in our mission to make sophisticated trading strategies accessible to everyone.”

Bybit has introduced Aurora AI, an AI-powered recommendation tool that aims to revolutionize bot trading by utilizing artificial intelligence to analyze historical market data.

It identifies 18 sets of optimal strategy parameters, focusing on yield, arbitrage frequency, and drawdown risk. This innovation simplifies bot trading, making it more accessible and efficient.

The tool is designed to be user-friendly for both beginners and experienced traders. Aurora AI allows users to input their investment amount and adopt trading strategies directly. This accessibility breaks down the traditional barriers to entry in bot trading.

Futures Grid Bot’s AI strategy achieved win rate of +70%

Aurora AI has demonstrated impressive performance, with the Futures Grid Bot’s AI strategy achieving a win rate of over 70%. This success showcases Bybit’s commitment to providing effective and reliable trading tools.

Ben Zhou, co-founder and CEO of Bybit, said the company believes that Aurora AI will transform market interactions and assist investors in reaching their objectives. “Bybit is committed to empowering traders with cutting-edge tools and technologies. The launch of Aurora AI marks a significant stride in our mission to make sophisticated trading strategies accessible to everyone. We are confident that Aurora AI will revolutionize the way investors interact with the market and help them achieve their financial goals.”

Bybit, established in 2018, ranks as the world’s third-largest crypto exchange by volume. It serves 20 million users, offering a platform that features an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is also known for its partnership with the Oracle Red Bull Racing team in Formula One.

Bybit launched Portfolio Margin Mode for institutional users

Bybit Institutional, part of Bybit – the world’s third-largest crypto exchange by volume, has upgraded its Portfolio Margin Mode.

This improvement now includes spot trading capabilities. The upgrade allows traders to incorporate spot positions into their hedging strategies, enhancing risk management in the volatile cryptocurrency market.

Previously, Portfolio Margin Mode grouped USDC and USDT derivatives of the same currency into one risk unit, using stress testing for margin requirements. The new version allows traders to use spot holdings to hedge against derivatives position losses, aiding in navigating market volatility and reducing the impact of price fluctuations.

The key benefits of integrating spot trading into Portfolio Margin Mode include:

Reduced Margin Requirements: By balancing profits and losses between spot and derivatives positions, traders may lower overall margin requirements, increasing capital efficiency.
Seamless Integration: Spot positions are easily integrated into the Portfolio Margin Mode, enabling unified portfolio management on a single platform.

Traders have the option to participate in spot hedging for spot prices, though this feature is not automatically enabled. They must actively choose to opt in. The system then checks if the trader’s maintenance margin rate (MMR) is below 100%, allowing switching only if this condition is met.

Bybit Reducing counterparty risk

A few months ago, Bybit integrated with Copper’s ClearLoop network, marking a significant step forward in addressing the needs of institutional investors and reinforcing the principles of good governance, transparency, and accountability.

The crypto exchange took a monumental leap forward by seamlessly merging with Copper’s pioneering ClearLoop network. This essential partnership introduces a new paradigm of off-exchange settlements, thereby ushering in an era of increased capital effectiveness and diminished counterparty risk.

Access to ClearLoop’s trust documentation, which directly tackles exchange counterparty and insolvency risk, allows Bybit’s clients to navigate the trading landscape with heightened security and confidence.

A critical advantage of this integration is the provision for expedited off-chain settlements while trading on Bybit, an indispensable feature during market turbulence when delays in blockchain transaction confirmations can escalate.

Protecting assets under Copper’s Multi-Party Computation custody and the ClearLoop integration showcasing a transparent English Law trust structure provides institutional clients with an additional layer of empowerment.

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