Dubai, United Arab Emirates--(Newsfile Corp. - April 13, 2022) - Bybit, one of the world's fastest growing cryptocurrency exchanges, is releasing its copy trading product on its spot exchange.
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The new product will allow traders to follow the moves of master traders. Master traders will benefit too, as they get a 10% share of any profit their followers make.
Bybit users will be able to select a master trader to follow, and the system will automatically place the same trades within minutes. Bybit closely monitors the performance of master traders and handpicks the most appealing professional for users to follow.
Copy trading allows users to replicate the success of skilled traders. The master traders also benefit by earning commission, creating a source of passive income.
"No doubt, this is a golden opportunity for new and experienced traders alike," said Ben Zhou, co-founder and CEO of Bybit. "Throughout history, communities improve through a cycle of knowledge sharing and skill transfer, and we are accelerating that with copy trading. Not only do new traders have a better chance at profiting and learning at the same time, but master traders are also rewarded for their services. This new product demonstrates our commitment to creating a safe and reliable one-stop crypto platform for crypto traders of all levels and experience."
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