BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
SUBSCRIBE
BlockNews.com
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides
No Result
View All Result
BlockNews.com
No Result
View All Result
Home Crypto

Bybit Launches Grid Trading Bot Feature

BlockNews Team by BlockNews Team
June 29, 2022
in Crypto
Reading Time: 2 mins read
A A
Bybit Launches Grid Trading Bot Feature
1
SHARES
16
VIEWS
Share on TwitterShare on Reddit

You might also like

Around The Block – MAR 24 Week in News

Web3 Needs its ‘WordPress Moment’ to Speed up Positive Disruption

UK to Mandate Declaration of Crypto Holdings in Tax Forms

Bybit has released a new grid trading feature as it announced the availability of its grid trading bot, which aims to automate crypto exchange orders for its users.

Starting on June 20, all registered Bybit users will be able to use the new grid trading features, according to the company’s website. Users can automate their buy and sell orders using the grid trading bot. They can also change the amount of their investment.

The technique assures profitability to its users by constantly executing low purchase orders that lead to high sell orders during a lateral price movement, eliminating the need for market forecasting.

Trading Bot for the People

Bybit said that the bot is best suited for constantly swinging prices in the market. It is also based on the trading idea of purchasing a low price and selling at a higher one to gain the difference. The bot will also benefit users new to trading and unfamiliar with the market. They can use the bot to automate their orders and learn about the market.

Its intelligent AI settings for each trading pair supported by the bot optimize revenues. A user may then share their trading technique with another trader after their trading bot has been configured and is generating a profit.

There are also several benefits for VIP clients, including more significant trading discounts using the new bots and faster advancement to VIP status due to the bot’s increased trading frequency.

Is It Legal?

While some people argue that trading bots are illegal, others claim that they are legal as long as they are used for personal purposes only. Ultimately, it is up to the individual to decide whether or not they want to use a trading bot. However, with a renowned trading platform like Bybit providing the bot for the users, it may seem legitimate. Indeed, it will have its shares of trading bot hiccups, just like all other existing bots.

TweetShareShare

Recommended For You

Around The Block – MAR 24 Week in News

by BlockNews Team
March 24, 2023
0
Around the Block

Introduction In this recap of the crypto world, we will explore the events and news that had the most significant impact in the past week of March 20th....

Read more

Web3 Needs its ‘WordPress Moment’ to Speed up Positive Disruption

by BlockNews Team
March 24, 2023
0
quicknode

QuickNode is leading the charge as Web3 is poised to revolutionize the world, but it needs its "WordPress moment" to accelerate positive disruption. Blockchain technology can upend manual-intensive...

Read more

UK to Mandate Declaration of Crypto Holdings in Tax Forms

by BlockNews Team
March 24, 2023
0
parliment

The government hopes to close regulatory gaps and stop illegal operations by enacting rules that address various parts of the industry. The requirement to disclose cryptocurrency holdings in...

Read more

The Fed Increases Interest Rates By 25 Basis Points- Impact On Crypto Prices

by BlockNews Team
March 24, 2023
0
The Fed Increases Interest Rates By 25 Basis Points- Impact On Crypto Prices

Crypto prices display rapid fluctuations as the U.S. Federal Reserve hikes interest rates by 0.25%. Investors remain upbeat about the medium-term outlook of Bitcoin and the wider crypto...

Read more

Telegram Enables USDT Stablecoin Payments on the Tron Network

by BlockNews Team
March 24, 2023
0
Telegram

Telegram integrates USDT-TRON (TRC20) into its platform, allowing users to send the stablecoin to their contacts seamlessly and without transaction fees. Telegram's venture into cryptocurrencies began with the...

Read more
Next Post
After the Horizon Bridge Hack, Harmony Declares a $1M Bounty

After the Horizon Bridge Hack, Harmony Declares a $1M Bounty

Related News

bny mellon

US Banking Giant BNY Mellon Exec says Digital Assets ‘Here to Stay’

February 10, 2023
Apple-Crypto

NFT Firms Say Apple Rules Make the App Store ‘Impossible’

September 27, 2022
Nokia headquarters

Nokia is Using the Metaverse for Industrial Blockchain Use Cases

February 10, 2023

Browse by Category

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized
BlockNews.com

BlockNews.com brings you the most important Crypto and NFT news in the space.

CATEGORIES

  • Breaking News
  • Business
  • Crypto
  • DeFi
  • Finance
  • Gaming
  • Guides
  • Investing
  • Media
  • Metaverse
  • NFT
  • Opinion
  • Politics
  • Social
  • Technology
  • Uncategorized

RECENT POSTS

  • Around The Block – MAR 24 Week in News March 24, 2023
  • Web3 Needs its ‘WordPress Moment’ to Speed up Positive Disruption March 24, 2023
  • UK to Mandate Declaration of Crypto Holdings in Tax Forms March 24, 2023

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

No Result
View All Result
  • Home
  • Crypto
  • NFT
  • Metaverse
  • DeFi
  • Business
  • Technology
  • Opinion
  • Guides

© 2022 BlockNews.com - Crypto and NFT news website by JRNY Club.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?