Bybit unlocks MT4 features to cryptocurrency traders

abdelaziz Fathi

Bybit today announced in a company statement that it is offering clients the opportunity to trade cryptocurrency directly on MT4, the most popular trading platform for online retail traders

Bybit

The popular crypto platform has completed its integration of MetaTrader 4 to enable users to enjoy countless features, including thousands of charting tools, trading robots and technical indicators, as well as copy trading functionalities, alerts, financial news and mobile trading.

Although its Russian developer, MetaQuotes, launched its successor, MT5, in 2010, the old version has yet to loosen its monopolistic grip on the retail trading arena. Since MT4 has stood the test of time, millions of traders still see it as an intrinsic part of their daily trading activity.

Upon launch, Bybit users can trade USDT perpetual contracts 24/7, but MT4’s functionalities will be available to other instruments soon.

“Widely popular among retail traders, MT4 offers advanced technical analysis, a flexible trading system, and algorithmic trading tools. Developed by MetaQuotes, MT4’s functionalities on Bybit will be available to all Bybit users. They can also integrate Expert Advisors for an automated trading experience, allowing them to integrate their trading scripts from other providers offering MT4,” the exchange said.

MT4 offers ample of opportunities

One could say that MT4 features are already available at traditional FX and CFDs brokers, but offering such tested terminals by an established crypto exchange should satisfy non-FX traders and provide an enhanced trading experience.

During the last two years, the crypto-industry has grown and attracted a large number of investors. While the brokers were willing to expand their offering with cryptocurrencies, the native infrastructure to trade underlying assets was missing.

“As one of the most advanced and convenient trading solutions, MT4 is an excellent tool for our users to elevate their trading experience. We are excited to bring our products and services to the next level with this integration with MT4, and we look forward to our users benefiting from its functionalities and navigating the rise of digital assets with us,” said Ben Zhou, co-founder and CEO of Bybit.

Bybit made headlines earlier this week after it secured a Virtual Asset Licence in Dubai, allowing it to operate under the emirate’s ‘test-adapt-scale’ model as a platform for regional development. The exchange is also setting up a base for global operations in the UAE to seed new talent and build a vibrant blockchain ecosystem.

Read this next

Digital Assets

US court greenlights IRS to track down crypto investors

A federal court has authorized the US Internal Revenue Service (IRS) to issue a so-called John Doe summons for taxpayers who may have failed to report and pay taxes on cryptocurrency transactions. 

Executive Moves

GCEX hires American Express’ veteran Marilu Revelli as marketing director

GCEX, a digital asset and FX technology platform for institutional and professional clients, has appointed Marilu Revelli to the role of Marketing Director.

Crypto Insider

Gate.io lists DeFiChain’s DFI token amid growing popularity

Bitcoin-based DeFi platform DeFiChain announced the listing of its native DFI token on Gate.io, one of the world’s leading cryptocurrency exchanges.

Digital Assets

Binance in discussions with Japan regulators to relaunch operations

Binance, the world’s largest crypto exchange by traded volume, is reportedly seeking a license to operate in Japan after its exit from the country four years ago.

Digital Assets

OKX Chain integrates .crypto domains to simplify wallet transactions

Unstoppable Domains, a company building Blockchain domain names, has entered a partnership with EVM and IBC compatible chain OKC (OKX Chain). This collaboration will grant OKC’s users the ability to simplify deposits and withdrawals within the regulated fiat-focused crypto-asset exchange.

Retail FX, Technology

MetaTrader’s iOS issue opens brokers’ eyes to other trading platforms

In a surprising (or-not-so-surprising) move, Apple has removed MetaTrader 4 and MetaTrader 5 from its App Store in a huge blow for the leading FX trading platform provider.

Retail FX

Pepperstone adds Capitalise.ai analytics and automated trading tools free of charge

“We look forward to bringing significant value to Pepperstone traders and making a real, positive impact in their daily trading habits. We are excited to welcome them on board.”

Retail FX

FP Markets wins Best Global Value Broker for 4th consecutive year at the 2022 Global Forex Awards

“We greatly appreciate the continued international recognition as at FP Markets we pride ourselves on these attributes and these prestigious awards are testament to the hard work from our global team to always provide our clients with the ultimate trading experience.”

Inside View

How to Engage Your Customer at Every Stage of Their Journey

As many as 89% of successful businesses say that providing assistive customer experiences is critical to their growth. That’s because a mere 5% increase in customer retention can boost profits by 25% to 95%.

<