Bybit releases copy trading product on spot exchange

Bybit, one of the most dynamically developing cryptocurrency exchanges in the world, has released its copy trading product on its spot exchange, thereby creating a “win-win” for its users, Invezz learned from a press release.

A guaranteed way to make profit

With this new product, traders will be able to follow the winning moves of leading investors placing shrew longs and shorts and making big profits. Leading traders will also benefit by getting a 10% share of any profit their followers make. 

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Users of the exchange can choose a master trader to follow. Within minutes, the system will automatically place the same trade, enabling Bybit users to trade their own portfolio like pros. The exchange closely monitors the performance of master traders and handpicks the most appealing professional for users to follow. 

Replicating the success of skilled traders

With copy trading, anyone can achieve the success of skilled traders who have proven they are able to profit from volatility and increase capital regardless of market conditions. The master traders also have a source of passive income through their commission fees.

Ben Zhou, co-founder and CEO of Bybit commented:

No doubt, this is a golden opportunity for new and experienced traders alike. Throughout history, communities improve through a cycle of knowledge sharing and skill transfer, and we are accelerating that with copy trading. Not only do new traders have a better chance at profiting and learning at the same time, but master traders are also rewarded for their services. This new product demonstrates our commitment to creating a safe and reliable one-stop crypto platform for crypto traders of all levels and experience.