Bybit Launches Revamped Grid Trading Bot to Expand Growing Range of Trading Products | The Guardian Nigeria News - Nigeria and World News

VICTORIA, Seychelles, 16 September 2022 -/African Media Agency/- Bybit, one of the world’s fastest growing cryptocurrency exchanges, has announced the launch of two new grid trading bots. Building on the success of the original trading bot, which has seen a total trading volume of over $120,000,000 and counting. After this milestone, Bybit’s new bots will allow users…

Bybit’s new Spot Grid Bot executes low purchase orders and high sell orders during lateral price movement. The system ensures profitability each time the sale price exceeds the purchase price, thus eliminating the need for market forecasting. The state-of-the-art DCA Bot offers users the option to automate their purchases of crypto assets by selecting the amount and interval of their investments. This strategy, known as DCA-ing, is a well-known and time-tested way to effectively balance risk and return in a volatile market. For both bots, once a user has set up their trading parameters and are earning a good return, they can share their strategy with fellow traders with the click of a button.

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