Bybit Unleashes Automated Trading with Upgraded Copy Trading Feature
Bybit, a cryptocurrency exchange, has expanded its copy trading service to offer users advanced opportunities through automated trading.
Bybit’s copy trading platform now grants traders access to the primary derivatives terminal, providing them with a wide range of features and third-party tools for portfolio management.
With this integration, orders will now appear on the derivatives terminal, eliminating the need for a separate tab for copy trading. This streamlines the process of copying trades for the account’s followers.
By supporting V3/V5 USDT Perpetual OpenAPI, master traders can execute automated strategies more efficiently than ever before. Bybit’s co-founder and CEO, Ben Zhou, expressed his enthusiasm for this major upgrade to the copy trade feature, stating that it demonstrates their commitment to leading the way in copy trading technology and continuously improving based on traders’ needs.
Furthermore, the integration enables over 18,000 master traders on Bybit to connect their subaccounts to third-party trading tools like 3Commas and Insilico Terminal via API.
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These integrations bring advanced features such as conditional orders, trailing stop, and TWAP (Time Weighted Average Price), which were unavailable in previous versions of Bybit’s copy trading platform.
Previously lacking certain key integrations, Bybit’s copy trading platform now allows master traders to link their subaccounts to other trading platforms through API.
Lastly, users can take advantage of market shifts at any time with the round-the-clock transaction execution feature of the new copy trading platform. Additionally, simultaneous transactions are now supported, increasing both efficiency and potential profits.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
