Leading Crypto Exchange Bybit Offers Advanced Grid Trading Bots To Millions Of Users

VICTORIA, Seychelles, September 16, 2022 — Bybit, one of the leading cryptocurrency trading platforms, launches two new grid trading bots. Both new solutions build on the foundation of the original trading bot offered by the company, which has generated over $120 million in cumulative trading volume.

Trading bots play a crucial role in today's crypto trading environment. Bybit was one of the first major exchanges to capitalize on that momentum and offer its users a more passive approach to building a cryptocurrency portfolio.

With the new grid trading bots, Bybit users can take their trading to a new level. New functionality includes an updated spot trading bot and the dollar-cost average (DCA) bot receiving a more advanced strategy. Users can explore these new offerings as of September 16, 2022.

The new Spot Grid Bot will perform the traditional "buy low, sell high" actions during lateral price momentum. With the bot, users can tap into guaranteed profitability every time the same price is higher than the purchase price. There is no further need for thorough technical analysis or market forecasting, as the bot will do all the heavy lifting.

In addition, Bybit offers a new "Arbitrage Ranking" Leaderboard to help users identify strategies and top into approaches by other traders to maximize their returns.

On the DCA Bot front, users can automate the acquisition of crypto assets based on their preferred amount and investment interval. DCA-ing is a prominent strategy in the crypto world and paves the way for balancing risk and reward in volatile markets.

Minimum trading amounts for these bots are $1 (DCA) and $3 (grid), respectively.

Bybit CEO and Co-founder Ben Zhou states:

"Our original trading bot has only been live for a few months and is already incredibly popular. Our clients especially loved the bot's copy trading function, which allows them to copy successful bots created by other users. Grid trading bots have proven themselves as a profitable trading methodology for their users, especially in a market as fluid as crypto that trades 24/7. At Bybit, we are always on the lookout for products and services that can help our users achieve their financial goals, whatever the overall market conditions."

The social element of automated trading should not be taken lightly. Users who have fine-tuned their strategy through parameters can share their approach with fellow traders. That is part of why Bybit has grown into a trading platform serving over 10 million users. In addition, the exchange runs a VIP program to offer reduced trading fees and discounts.

To celebrate that milestone, users engaging with the new bots pay no trading fees for a limited time.

Bybit has built a solid reputation for being reliable, stable, and user-friendly. It has top-tier liquidity and minimal spreads, with a proven 99.99% uptime guarantee and a matching engine capable of handling up to 100,000 transactions per second.

About Bybit

Bybit is a cryptocurrency exchange established in March 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One racing team, Oracle Red Bull Racing, esports teams NAVI, Astralis, Alliance, Virtus.pro, Made in Brazil (MIBR), City Esports, and Oracle Red Bull Racing Esports, and association football (soccer) teams Borussia Dortmund and Avispa Fukuoka.

For media inquiries, please contact: press@bybit.com
For more information please visit: https://www.bybit.com/