Bybit, ranked as the second-largest cryptocurrency exchange by trading volume, is offering Copy Trading for Gold and Forex markets.
This makes Bybit the first crypto platform to introduce Copy Trading for these traditional asset classes.
Bybit is Expanding Beyond Crypto with Copy Trading
The new feature allows users to replicate professional trading strategies for Gold and Forex directly within their MT5 accounts.
According to the official announcement, trades can be executed using USDT as collateral. This makes it easier for users to access these markets without needing advanced expertise or prior trading experience.
“The Copy Trading feature allows users to mirror the trades of professional traders automatically, providing a structured approach to navigating the complexities of Gold and Forex markets,” Joan Han, Sales and Marketing Director at Bybit, told BeInCrypto.
The service includes several tools to enhance trading efficiency and accessibility. Users will gain access to strategies from experienced traders specializing in Gold and Forex markets.
Additionally, the platform offers features to manage and distribute risk effectively across trading portfolios. With MT5 compatibility, users can execute trades seamlessly while benefiting from support for multi-asset trading.
“it’s a gateway to smarter, more efficient trading in traditional asset markets. It represents a bold step forward in Bybit’s mission to empower every trader with the tools, resources, and opportunities they need to succeed,” Han said.
Bybit’s growth comes amid significant regulatory hurdles. Last week, Bybit India announced a suspension of crypto trading and new account registrations starting January 12, citing regulatory changes. Despite this, users can still withdraw funds during the suspension period.
Earlier this month, Bybit ceased crypto services in France due to increasing regulatory scrutiny. However, the platform is actively working to obtain regulatory approval in other European Union countries.
Currently, Bybit is seeking a MiCA license in Austria. If obtained, it would position Bybit among the leading exchanges operating under the new EU crypto regulations.
In November, Japan’s Financial Services Agency (FSA) issued a formal warning to Bybit and four other foreign exchanges for operating without proper registration.
These regulatory challenges have not deterred Bybit from expanding its offerings. In September, the exchange launched a liquid staking token (LST) on the Solana blockchain, joining other major platforms in advancing blockchain services.
Overall, the newly introduced copy trading features mark another significant expansion of the exchange.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
