Bybit rolls out Futures grid bot for safer crypto futures trading
Bybit has launched the Futures Grid Bot, an automated, artificial intelligence-powered solution to help traders mitigate the risks and price volatility of crypto futures trading.
The Bybit Futures grid bot is now live
Bybit, a Bitcoin (BTC) trading venue that claims to be the world’s most visited crypto exchange, has announced the launch of its Futures Grid Bot, an automated, artificial intelligence-powered trading bot for futures traders.
The team says the latest feature is part of its mission to democratize financial services and provide its millions of users with tools they need to maximize their time and investment, while trading.
The new Futures Grid Bot is designed to help traders circumvent the risk and price volatility associated with crypto futures trading. The Bybit Futures Grid Bot offers traders a safer and more assured environment to experience and learn about futures trading products.
Bill Xing, head of financial products at Bybit, said:
“Our Futures Grid Bot is part of our continuous efforts to simplify trading for our customers and accelerate the use of automation and AI. Futures Grid Bot is a core element of our ongoing mission to level the playing field and democratize financial services, and is a perfect example of our trademark philosophy – innovation through iteration.”
Automated low-risk trading
In the crypto world, bots typically automate the buy and sell orders when the price of digital assets reaches preset prices.
The new Bybit Futures Grid Bot functions in the same way. It sells futures contracts when the price surges above entry and buys when it drops. Via these automated buy and sell orders, traders make profits from price volatility without the need to actively manage their positions. Thanks to its AI feature, the Futures Grid Bot allows preset parameters based on short/long/neutral positions.
At launch, the Bybit Futures Grid Bot will feature only the core functionalities, to make it easier for users to quickly understand its workings, and get comfortable with it. The second iteration of the solution will be loaded with more advanced and sophisticated features designed to cater to the needs of advanced traders.
Shedding more light on how the new Futures Grid Bot works, Bybit stated:
“Using Futures Grid Bot, traders can use leverage, a core aspect of futures trading, to trade greater volumes while benefiting from the bot’s automation for greater reassurance and reduced downside risk. It also uses Bybit’s industry leading liquidity depth, which can help reduce slippage, and is designed specifically for high performing traders seeking smarter and more perceptive trading through automation.”
Bybit has been actively rolling out innovative solutions carefully formulated to make life easier for its customers and the Futures Grid Bot is the latest in a series of automated resources from the exchange.
In September 2022, Bybit launched its BTC and ETH Options product. Earlier this year, the exchange also introduced its Spot Grid Bot and DCA Bot.
Bybit exchange claims to operate a high-precision trading system, with a robust and resilient order-matching engine with the ability to handle 100,000 orders per second. Bybit’s matching engine is designed to withstand any size, volume, or spike of crypto market activity.
