Bybit has announced the launch of its grid trading bot.
The new grid trading functionalities will be available to all registered users on June 20.
Investors will be able to use the grid trading bot to automate their buy and sell orders and adjust their investment amount.
Bybit has announced the launch of its grid trading bot. The exchange states that its new grid trading functionalities will be available to all registered users on June 20. Users will be able to utilize the grid trading bot to automate their buy and sell orders and adjust their investment amount.
The team explains that by executing low purchase orders that lead to high sell orders during a lateral price movement, the system ensures profitability each time the sale price exceeds the purchase price. This eliminates the need for market forecasting. It is based on the trading principle of buying at a low price and selling at a higher price to earn the difference.
Bybit claims that they provide smart AI parameters for each trading pair available on the bot. “The parameters are developed and maintained by quantitative specialists to maximize profits for our users. Once a user has set up their trading bot and is earning a good return, they can share their strategy with a fellow trader with the click of a button,” says the team.
Building onto Bybit’s VIP program, VIP users can enjoy the same trading discounts using the new bots, while those on track to becoming VIPs can more quickly advance their level thanks to the bot’s higher trading frequency.
“Grid trading has been around for quite some time, and is a proven and profitable trading methodology, especially for a market as fluid 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 convinced that our users will be as excited about grid trading as we are in rolling it out for them.
According to investors, Bybit has proven itself to be a reliable cryptocurrency exchange, offering the best liquidity and spread. Reportedly, Bybit experienced a 99.99% high rate throughout the year with no overload nor downtime throughout with its 100K TPS matching engine.