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Crypto Chief Expands Automated Features to Enhance Accessibility to Futures Buying and selling
VICTORIA, SEYCLELLES – Media OutReach – 7 November 2022 – Bybit, the world’s third most visited crypto alternate, at present launched a brand new buying and selling bot targeted on crypto’s multi-billion greenback futures market. The announcement marks the newest step in Bybit’s journey to democratize monetary companies and supply automation and AI for patrons to maximise their time and funding whereas buying and selling.
Designed to assist scale back the chance and value volatility that may typically accompany futures buying and selling, the Bybit Futures Grid Bot gives a safer and extra assured working setting for these looking for to expertise and find out about futures.
Bots automates purchase and promote orders when the value reaches preset costs. Bybit’s Futures Grid Bot sells futures contracts when the value is above entry and buys when beneath. By routinely shopping for low and promoting larger, customers revenue from value volatility with out the necessity to actively handle their positions. AI additionally permits preset parameters primarily based on quick/lengthy/impartial positions.
Initially launched with core performance, Futures Grid Bot is designed to get customers snug with the way it works and learn how to use it. Section two will then see extra superior and complex options rolled out to accommodate the elevated confidence ranges and wishes of superior merchants.
Utilizing Futures Grid Bot, merchants can use leverage, a core facet of futures buying and selling, to commerce larger quantity whereas benefiting from the Bot’s automated options for larger reassurance and diminished draw back danger. It additionally makes use of Bybit’s trade main liquidity depth, which may also help scale back slippage, and is designed particularly for prime performing merchants looking for smarter and extra perceptive buying and selling by means of automation.
“Our Futures Grid Bot is a part of our steady efforts to simplify buying and selling for our clients and speed up the usage of automation and AI,” mentioned Invoice Xing, head of economic merchandise at Bybit, “Futures Grid Bot is a core component of our ongoing mission to degree the taking part in subject and democratize monetary companies, and is an ideal instance of our trademark philosophy – innovation by means of iteration.”
The Futures Grid Bot is the newest in a collection of automated assets from Bybit, and follows the success of its Spot Grid Bot and DCA Bot launched earlier this 12 months. Automation and AI, are key parts of Bybit’s bigger plans to disrupt the established order and permit straightforward, inexpensive, and guaranteed entry to stylish buying and selling environments for everybody.
Bybit operates one of many trade’s most dependable, high-precision buying and selling techniques. It encompasses a strong and resilient 100,000 TPS matching engine, designed to resist any measurement, quantity, or spike of crypto market exercise, whereas the derivatives platform employs real-time market knowledge utilizing a number of pricing metrics to guard customers in opposition to market manipulation. Bybit can be extensively acknowledged to command one of many highest liquidity ranges within the trade.
As with all its merchandise, Bybit gives in depth coaching and academic assets in addition to the dangers and rewards of buying and selling with leverage and actively encourages customers to be taught finest practices earlier than utilizing superior buying and selling methods.
Hashtag: #Bybit
About Bybit
Bybit is a cryptocurrency alternate established in March 2018 that gives knowledgeable platform the place crypto merchants can discover an ultra-fast matching engine, glorious customer support and multilingual neighborhood help. Bybit is a proud accomplice of Method One racing group, Oracle Crimson Bull Racing, esports groups NAVI, Astralis, Alliance, Virtus.professional, Made in Brazil (MIBR), Metropolis Esports, and Oracle Crimson Bull Racing Esports, and affiliation soccer (soccer) groups Borussia Dortmund and Avispa Fukuoka.
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