Bybit: Launch of the grid trading bot

Bybit, one of the fastest growing crypto exchanges in the world, has announced the launch of its grid trading bot. Bybit’s new grid trading features will be available to all registered users on June 20. Bybit users will be able to use the grid trading bot to automate their buy and sell orders and adjust their investment amount.

By executing low buy orders that lead to high sell orders during a sideways price movement, the system ensures profitability whenever the sell price exceeds the buy price, eliminating the need to make market forecasts. This system is based on the principle of trading which consists of buying at a low price and selling at a higher price to earn the difference. This process is considered the most efficient and best suited to markets that experience regular price fluctuations.

Bybit offers smart AI settings for each pair of trading available on the bot. These parameters are developed and managed by quantitative specialists to maximize user profits. Once a user has configured their trading bot and he gets a good return, he can share his strategy with another trader with a single click.

Building on Bybit’s VIP program, which offers regular users lower transaction fees as well as discounts, a $500,000 prize pool and IRL dating, VIP users can enjoy the same discounts on transactions using the new ones botswhile those who are on the verge of becoming VIPs can progress faster thanks to the frequency of trading highest of bot.

Improve the grid trading with world-class liquidity and reliability

Bybit has proven to be the most reliable, stable and easy to use cryptocurrency exchange during the 2021 crypto bull run, offering the best liquidity and the best spread. Unique among major exchanges, Bybit experienced 99.99% uptime throughout the year with no overhead or downtime, thanks to its robust 100,000 TPS matching engine.

Liquidity is arguably the most important attribute for asset trading. The platform of trading Bybit’s derivatives business has the best liquidity and lowest spread in the world. The traders can manage risk and guard against excessive loss with multi-layered liquidation protocols that ensure the safety and fairness of all Bybit transactions at every stage, ensuring them the best quote and execution in the market, even in the event of extreme volatility.

Bybit’s products, focused on retail and customer support services, will help lower the barrier to trading of cryptos for a large number of users around the world, allowing them to seamlessly enjoy the immediate distribution of crypto transactions.

Grid trading has been used for quite some time, it is a proven and profitable trading methodology, especially for such a fluid market as crypto said Ben Zhou, co-founder and CEO of Bybit. “ At Bybit, we are always on the lookout for products and services that can help our users capitalize on the bull run and on the emerging digital asset class with ease and confidence. We are confident that our users will be as enthusiastic about the grid trading that we are to deploy it for them. ยป

About Bybit

Bybit is a cryptocurrency exchange founded in March 2018 that offers a professional platform on which traders crypto can find a super-fast matching engine, excellent customer service, and multilingual community support. The company provides innovative services of tradingspot and online derivatives products,miningand ofstaking, an NFT marketplace as well as API support, to retail and institutional clients around the world. It strives to be the most trusted exchange for the emerging digital asset class. Bybit is a proud partner of Formula 1 team Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro and Oracle Red Bull Racing Esports, as well as football teams Borussia Dortmund and Avispa Fukuoka.

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