Bybit recently unveiled its Copy Trading upgrade for traders. The latest upgrade will allow users to access automated trading.
The integration merges the main derivatives terminal with Bybit’s new platform. It allows traders to enjoy a suite of tools and functionalities for portfolio management. This integration means that every order will be visible on the derivatives terminal.
Thus, it will eliminate the need for a dedicated Copy Trading tab, simplifying the trading process. With the help of support for V3-V5 USDT Perpetual OpenAPI, Master Traders can easily undertake automated strategies on the platform.
The upgrade has boosted the market stature of Bybit, the third most-visited crypto exchange in the world. Given the demand for automated trading, the news also sparked intrigue among new traders. Many of them looked for an extensive Bybit review to fully comprehend its services.
The research informed users that Bybit currently boasts 18,000+ Master Traders. These traders can now link their subaccounts on Bybit to 3rd-party trading tools, like Insilico Terminal, 3Commas, etc.
Moreover, the integration will pave the path for advanced features like TWAP, Conditional Orders, and Trailing Stop. Such features have not been available on Bybit, while the community has constantly demanded them.
Now, Bybit is ensuring that it is helping traders execute trades at ideal prices while eliminating manual error and minimizing costs. Above everything, the latest Copy Trading platform supports 24/7 trade execution to help users make full use of opportunities without constantly monitoring the market.
With multiple trades supported on the platform, traders can enjoy enhanced efficiency and maximized trading potential. Ben Zhou, the CEO and Co-Founder of Bybit, also praised the upgrade, stating how it is elevating the Copy Trade features on the platform.
The added support for automated strategies with new API integrations makes Bybit the ideal platform for portfolio management and optimized profit, added the CEO.
Source: https://www.cryptonewsz.com/bybits-copy-trading-upgrade-to-help-users-with-automated-trading/