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Bybit has made a groundbreaking move by upgrading its Trading Bot to support smarter automatic trading strategies, further cementing its position as the second-largest cryptocurrency exchange by trading volume. This development comes at a time when the crypto market is experiencing an unprecedented surge in interest and activity levels.
In a statement, Bybit’s Head of Financial Products, Jerry Li, expressed his excitement about introducing this new feature to the community. “I’m thrilled to introduce the premium features for our Trading Bot users. The enhancements offer an advanced, denser grid count, specifically tailored to maximize arbitrage potential in volatile market conditions,” said Li.
This upgrade is expected to significantly benefit all users, particularly those who rely heavily on automatic trading strategies. Bybit’s Trading Bot is designed to capitalize on market volatility by setting a series of buy and sell orders within a predefined price range. This allows traders to entrust executions with the bot, which can automatically execute trades without manual intervention.
The upgraded features will enable traders to take advantage of even more complex trading scenarios while also improving overall efficiency and consistency in their strategies. Furthermore, Bybit has increased grid limits for all users, including VIPs. This move is expected to enhance the overall Trading Bot experience for all customers.
To give you an idea of just how much these changes will benefit traders, non-VIP users can now enjoy a 44% increase in Spot Grid Bot capabilities and a remarkable 127% increase in Futures Grid Bot limits compared to previous restrictions. VIP users will also benefit from significant increases, with Spot grid limits seeing a maximum increase of up to 110% and Futures grid limits reaching up to an impressive 83% more.
The Bybit Trading Bot has always been designed for both beginners and experienced traders, allowing users to either copy strategies from expert traders or share their own. This upgrade aims to empower all users with the tools they need to make more informed trading decisions.
As interest in cryptocurrency continues to rise, it is no surprise that Bybit’s Trading Bot experience will be improved further to support the growing demands of its user base.
Source: www.crypto-news.net
