Bybit Copy Trading Product Announces

Bybit Copy Trading, the third most visited crypto exchange in the world, has announced a major upgrade that offers users advanced automated trading capabilities.

sevval03/07/20231 Mins read835

Bybit Copy Trading has announced its development of a comprehensive feature package and third-party tools to effectively manage portfolios for traders

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Bybit Copy Trading Product Announces

This development provides a comprehensive set of features and third-party tools to effectively manage portfolios for traders by integrating the main derivatives terminal into Bybit’s Copy Trading platform.

With this integration, orders will now be visible in the derivatives terminal, eliminating the need for a separate Copy Trading tab. This streamlined approach facilitates the copying of trades by the followers of the account. Bybit‘s V3/V5 USDT Perpetual OpenAPI support is made available to Master Traders.

Improvements Are Made to Maximize Efficiency and Trade Potential

More than 18,000 Master Traders on Bybit can now connect their Bybit Sub Accounts to third-party trading tools like 3Commas and Insilico Terminal through API integration. These integrations offer advanced features such as Conditional Orders, Trailing Stops, and Time-Weighted Average Prices (TWAP) that were not available in previous versions.

The updated Bybit Copy Trading system minimizes costs and eliminates the possibility of human errors by ensuring trades are executed at the most favorable prices. The new features enable users to trade 24/7 without the need for constant monitoring, allowing them to take advantage of opportunities. Furthermore, Bybit’s Copy Trading function allows for multiple trades, increasing efficiency and maximizing trading potential.

With Bybit’s Copy Trading solution, users can now effectively manage their portfolios, increase profits, and reduce risks. This solution empowers users with advanced automated trading features, indicating Bybit’s commitment to continuously improving and enhancing traders‘ needs. The integration of the main derivative terminal and support for third-party tools through API integration underscores Bybit’s dedication to its services

Sources:blockchainreporter

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sevval

Şevval has been actively writing since 2022 and is a third-year mathematics student at Ankara University. Her interest in writing is shaped particularly around innovative technologies such as Web3, artificial intelligence, and blockchain. She closely follows developments in these fields and aims to convey complex topics to readers in a clear and engaging manner. She enjoys combining her mathematical knowledge with technology to create content and strives to raise awareness about the digital world of the future.