(Adnkronos) - DUBAI, UNITED ARAB EMIRATES - Media OutReach - 14 July2023 - Trading bots on Bybit, the world’s third most visited crypto exchange, have broken all-time highs for trading volume in the last 24 hours, on the back of a sudden crypto rally that saw XRP surge 70%.
Bybit’s free trading bots, which use
The surge was led by Bybit’s XRP futures trading bot, which saw a volume of $49,000,000 — over a 49-fold increase from Wednesday, making it the second most algorithmically traded asset on Bybit, behind bitcoin. The crypto exchange also saw a 50% increase in new bots created in the same time period.
Bybit provides smart AI parameters for each trading pair available on its bots. The parameters are maintained by quantitative specialists to maximize profits. Once a user has set up their trading bot and is earning a good return, they can share their strategy with a fellow trader with the click of a button.
“We are excited to see our products performing so well during times of upside volatility,” said Vivien Fang, head of financial products at Bybit. “It’s times like these when Bybit is most proud to be offering next-level opportunities to all market participants. Traditionally, sophisticated trading bots were tools accessible only by elite investors, but, as the world’s Crypto Ark, we simplify these tools to allow easy access to their powerful functionality.”
More From Bybit
● Bybit Trading Bot Homepage
● 21 Best Crypto Grid Trading Bots to Use in 2023 (Updated)
● How to Use Bybit Futures Grid Bot
#Bybit / #TheCryptoArk
About Bybit
Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.
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