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Bybit launches grid trading bot

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Bybit launches grid trading bot

Dynamically growing crypto exchange Bybit has announced the launch of its grid trading bot. Bybit’s new grid trading functionalities will be available to all registered users on June 20.

Bybit users will be able to utilize the grid trading bot to automate their buy and sell orders and adjust their investment amount, Invezz learned from a press release.

Guaranteeing profitability

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, thus eliminating 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, and it is considered most effective and best suited for markets that experience regular price fluctuations.

Smart AI parameters

Bybit provides 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.

Extras for VIP users

Building onto Bybit’s VIP program that provides regular users reduced trading fees as well as discounts, a $500K prize pool, and real-life meet-ups, 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.

World-class reliability and liquidity

Bybit offers among the best spreads and liquidity and spread, and its uptime was 99.99% throughout 2021, mainly thanks to its solid 100K TPS matching engine. Its derivatives trading platform has the tightest spread and the best liquidity in the world.

Traders can avoid excessive loss through complex liquidation protocols to guarantee fairness and safety of all Bybit trades and the best execution and quote in the market, even during a period of decline or extreme volatility.

Ben Zhou, cofounder and CEO of Bybit, said:

Grid trading is a proven and profitable trading methodology, especially for a market as fluid as crypto.


Source: ethereum.today

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