Bybit Launches Copy Trading Pro, Aiming to Improve Investor Experience
Crypto exchange Bybit has launched a new tool called Copy Trading Pro in an effort to boost user experience. Per the company’s announcement, the tool will enable investors to copy the strategies of only top-rated professional traders who will also engage with their followers to give expert insights into the crypto markets.
Copy Trading Pro will benefit novice traders lacking the knowledge to execute successful trades. It will also be beneficial to Bybit users who do not have enough time to actively participate in day trading.
How Will Copy Trading Pro Benefit Pro Masters?
To be a lead trader on Copy Trading Pro, you must have the “Pro Master” badge. Here are the advantages you can expect as a Pro Master.
1. Expand your trading strategy: Pro Masters on Copy Trading Pro will be able to open trades on both the futures and spot markets.
2. Utilize the “Lock” feature: Bybit will now allow Pro Masters to lock the copy trading capital of their subscribers for a specific period, enabling them to execute trades without interruption.
3. Boosted profits: Bybit has increased the profit-sharing rate to 30%.
Benefits for Investors
1. Copy vetted traders only: All traders aiming to become Pro Masters will undergo a rigorous vetting process to ensure that only consistent ones are available for investors.
2. Quick trade execution: According to Bybit, copied trades will be executed instantly to enable copy traders to enter the market at optimal points like their Pro Masters.
3. Risk management tools: Bybit will allow investors to define their trading parameters, like take-profit and stop-loss levels, based on their risk tolerance.
4. Increased leverage: Copy traders on Bybit’s Copy Trading Pro will enjoy leverage of up to 25x.
The latest tool underscores Bybit’s commitment to ensuring users have a seamless experience on the platform.
About Bybit
Bybit is a leading centralized cryptocurrency exchange that launched in 2018. According to data from CoinGecko, the platform is ranked 4th worldwide based on trading volume. As of July 2024, Bybit serves over 10.5 million users who get access to more than 300 cryptocurrencies. Besides crypto trading, other services that Bybit users enjoy include “earn” products and NFT trading.