Bybit unveils Bot Copy Trading

Rick Steves

“Our Bot Copy Trading feature is a game-changer, bringing more people on board the Crypto Ark. It’s about empowering our users with technology that not only simplifies trading but also maximizes their potential earnings.”

Bybit has announced the launch of Bot Copy Trading. The essence of this new feature is to blend the concept of Copy Trading with Futures Grid Bots, a move that is set to revolutionize the automated crypto trading landscape.

According to the crypto exchange, the core of Bybit’s Bot Copy Trading system is its user-centric approach, offering a seamless automation experience.

It empowers users to effortlessly mimic the grid settings of Master Traders, thereby automating their own trading strategies. This automation is a boon for both Master Traders and Followers, as it enables them to devote more time to refining their strategies, rather than getting bogged down in the details of each trade.

“Our Bot Copy Trading feature is a game-changer”

Ben Zhou, the co-founder and CEO of Bybit, noted the empowerment that this technology brings to users, simplifying their trading experience while maximizing potential returns. “Our Bot Copy Trading feature is a game-changer, bringing more people on board the Crypto Ark. It’s about empowering our users with technology that not only simplifies trading but also maximizes their potential earnings.”

A standout aspect of this system is its approach to strategy forecasting. Users are spared the necessity of making intricate market predictions. Instead, they can define their preferred price range and entrust the bot to manage the intricacies. This methodology not only brings flexibility to the trading process but also plays a crucial role in mitigating risks, particularly in markets that are not trending strongly.

For those who possess the acumen and strategy to excel in trading, the role of a Master Trader offers lucrative opportunities. Master Traders, by sharing their grid strategies, can amplify their earnings significantly, with a profit-sharing model that ranges from 10-15% in public mode, and potentially even higher with selected followers.

Furthermore, the introduction of SyncMaster, a novel tool, is set to streamline the trading process. This tool is designed to synchronize Followers with the strategies and risk management settings of their chosen Master Traders. It ensures that the trade parameters are strictly adhered to, thereby aligning Followers closely with the Master Trader’s approach.

The process for both Master Traders and Followers is straightforward. Master Traders can set up their bots in a dedicated subaccount, which then allows Followers to replicate their strategies automatically. The flexibility extends to Followers as well, who have the option to copy various aspects of trading, including USDT Perpetual Trades and Trading Bots.

Bybit’s Aurora AI: An automated recommendation tool for bot trading

Earlier this week, Bybit 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.

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.

  • Read this next

    Digital Assets

    Uniswap debuts Ethereum ‘uni.eth’ subdomains

    Decentralized exchange platform Uniswap has integrated Ethereum Name Service (ENS), allowing users to create human-readable domain names and cryptocurrency wallet addresses using .eth endings.

    Web3

    Magic Square Expands with TruePNL Acquisition

    Binance’s web3 app store, Magic Square, acquired token platform TruePNL in a cash deal this week for an undisclosed sum. The deal brings TruePNL’s infrastructure (excluding branding & token) under Magic Square’s wing. Initially seeking a partnership, Magic Square opted for a full acquisition.

    Crypto Insider

    The Future of Prediction Markets? Zeitgeist Launches Decentralized Court System

    Polkadot-powered prediction market protocol Zeitgeist has announced the launch of its latest innovation: a decentralized court system.

    Digital Assets

    Crypto exchange Kraken fires back at SEC lawsuit, claiming overreach

    Crypto exchange Kraken is pushing back against the U.S. Securities and Exchange Commission (SEC), seeking to toss out a lawsuit that accused the platform of operating without proper registration.

    Industry News

    Exness Named a Best Place to Work in 2024

     Global leader Exness, tops in retail trading volume, earns 2024 “Best Place to Work” award, cementing its employee-centric culture after three prior years of winning the Cyprus national title.

    Digital Assets

    Swan Bitcoin taps Bakkt for crypto offering in the US

    “We are thrilled to be taking this exciting step forward in our partnership with Swan. This is just the beginning of our collaboration, as we intend to explore further growth opportunities together in the future, including expansion into international markets.”

    Digital Assets

    Polkadot Awards Bifrost a 500,000 DOT Loan to Enhance Liquid Staking Adoption

    Bifrost, a leader in liquid staking solutions, has secured a 500,000 DOT loan from Polkadot’s treasury to expand the reach and utility of its vDOT product within the ecosystem.

    Digital Assets

    FTX cleared to sell $1 billion stake in AI outfit Anthropic

    A Delaware bankruptcy court just approved a plan allowing the now-defunct FTX and its creditors to offload the exchange’s $1 billion stake in AI outfit Anthropic.

    Digital Assets

    Unveiling the Beta Version of Signal21

    Unveil the Future of Bitcoin Data with Signal21’s Beta Launch.

    <