Bybit upgrades copy trading feature to enable automated trading

Bybit, cryptocurrency exchange has enhanced its copy trading offering to provide consumers with advanced chances via automated trading. 

Bybit’s copy trading platform now provides traders with access to the main derivatives terminal, giving them access to a plethora of features and third-party tools for portfolio management, as per the latest information shared by the exchange with Finbold on July 3.

The integration means that orders will appear on the derivatives terminal eliminating the need for a separate copy trading tab and making it easier for trades to be copied by the account’s Followers. With V3/V5 USDT Perpetual OpenAPI now supported, Master Traders can execute automated strategies more efficiently than ever before. Ben Zhou, co-founder, and CEO of Bybit, stated:

“We are delighted to announce this major upgrade to our Copy Trade feature as we continue to lead the way in copy trading technology — evolving and improving based on our traders’ needs-”

He added:

“With the integration of the main trading terminal into our Copy Trade feature and support for automated strategies via API integrations, we have made it much easier for users to manage their portfolios and enhance their profits while mitigating risks.” 

Over 18,000 Master Traders on Bybit can now link their Bybit Subaccounts to third-party trading tools such as 3Commas, Insilico Terminal, and more via API. 

These integrations offer advanced features like conditional orders, trailing stop, and TWAP (Time Weighted Average Price), which weren’t available in previous versions of Bybit’s copy trading platform. Notably, Bybit’s copy trading platform was previously lacking in certain key integrations.

Bybit’s over 18,000 Master Traders may now connect their Subaccounts to other trading platforms through API, including 3Commas, Insilico Terminal, and more.

Finally, users may take advantage of market shifts whenever they like with the new copy trading’s round-the-clock transaction execution. In addition, Bybit’s copy trading feature now supports simultaneous transactions, boosting both efficiency and profit.