Bybit revamps grid trading with more bots and features

Rick Steves

“Grid trading bots have proven themselves as a profitable trading methodology for their users, especially in a market as fluid as crypto that trades 24/7.”

Bybit has launched two new grid trading bots to build on the success of the original bot launched in June this year, which has seen a total trading volume of over $120,000,00.

The crypto exchange has made some changes to grid trading, namely with an updated spot trading bot and an advanced dollar-cost average (DCA) bot. The new functionalities are available to all users.

Bybit’s Spot Trading bot and Advanced DCA bot

The Spot Grid Bot executes low purchase orders and high sell orders during lateral price movement. The system ensures profitability each time the sale price exceeds the purchase price, thus eliminating the need for market forecasting.

The upgraded Spot Grid Bot features artificial intelligence (AI) that sets parameters in order to maximize capital efficiency. The bot also has free-to-follow strategies with high APY and arbitrage performance, and responsive customizable strategies that allow users to design tactics and take advantage of market trends.

Furthermore, Bybit has added “Arbitrage Ranking” to the Trading Bot Leaderboard so users can easily identify and learn from the most effective trading strategies.

In regard to the advanced dollar-cost average (DCA) bot, it offers users the option to automate their purchases of crypto assets by selecting the amount and interval of their investments. This strategy, known as DCA-ing, is a well-known and time-tested way to effectively balance risk and return in a volatile market.

The minimum trading amount is $1 for DCA bot, and $3 for the grid bot. Bybit will charge no fees for a limited period. The platform also offers access to its VIP program, which provides regular users reduced trading fees as well as discounts.

Ben Zhou, co-founder and CEO of Bybit, said: “Our original trading bot has only been live for a few months and is already incredibly popular. Our clients especially loved the bot’s copy trading function, which allows them to copy successful bots created by other users. Grid trading bots have proven themselves as a profitable trading methodology for their users, especially in a market as fluid as crypto that trades 24/7. At Bybit, we are always on the lookout for products and services that can help our users achieve their financial goals, whatever the overall market conditions.”

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