Bybit Launches Copy Trading for Gold and Forex Markets
Bybit, the second-largest cryptocurrency exchange by trading volume, is offering copy trading for the gold and foreign exchange markets.
This makes Bybit the first crypto platform to introduce copy trading for these traditional asset classes.
Bybit expands beyond cryptocurrency with copy trading
The new feature allows users to copy professional trading strategies for gold and foreign exchange directly in their MT5 account.
According to official announcementThe transaction can be Executed using USDT as collateral. This makes it easier for users to enter these markets without requiring advanced expertise or previous trading experience.
“The copy trading feature allows users Mirror Joan Han, director of sales and marketing at Bybit, told BeInCrypto, “Trading is automated for professional traders, providing a structured approach to the complex gold and FX markets.”
The service includes a variety of tools to improve transaction efficiency and accessibility. Users will receive strategies from experienced traders who specialize in the gold and forex markets.
Additionally, the platform provides functionality to effectively manage and allocate risk across trading portfolios. With MT5 compatibility, users can execute trades seamlessly while benefiting from support for multi-asset trading.
“It is a gateway to smarter, more efficient trading in traditional asset markets. It represents a bold step forward in Bybit’s mission to provide every trader with the tools, resources and opportunities they need to succeed,” Han explain.
Bybit’s growth comes against a backdrop of significant regulatory hurdles. last week, Bybit India announces suspension of cryptocurrency trading And new account registration will begin on January 12 in accordance with regulatory changes. Nonetheless, users can still withdraw funds during the suspension period.
At the beginning of this month, Bybit stops providing cryptocurrency services in France Due to increased regulatory scrutiny. However, the platform is actively working to obtain regulatory approval in other EU countries.
Now, Bybit is seeking MiCA license in Austria. If approved, Bybit will join the ranks of the leading exchanges operating under this framework. New EU encryption regulations.
In November, Japan’s Financial Services Agency (FSA) released Issue a formal warning to Bybit and four other foreign exchange exchanges operating without proper registration.
These regulatory challenges have not stopped Bybit from expanding its product range. September, communication Launch of Liquid Staked Token (LST) on Solana Blockchainworking with other major platforms to advance blockchain services.
Overall, the newly launched copy trading feature marks another major expansion for the exchange.
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