Bybit Introduces Copy Trading Feature for Gold and Forex
Bybit has introduced a Copy Trading feature for Gold and Forex, becoming the first crypto exchange to offer this service for traditional assets. Key points include:
- The platform allows users to replicate professional traders' strategies through its MT5 platform.
- Trades can be executed using USDT as collateral, making it accessible for less experienced users.
- Risk management tools and multi-asset trading support are integrated to enhance efficiency.
- Bybit is navigating regulatory challenges, recently suspending crypto trading in India effective January 12 while allowing fund withdrawals.
- In France, operations were ceased due to stricter regulations, but Bybit is seeking a MiCA license in Austria.
- The Financial Services Agency of Japan issued a warning against Bybit for operating without proper registration.
- In September, Bybit launched a liquid staking token on the Solana blockchain.
Despite regulatory hurdles, Bybit aims to expand its market presence and provide enhanced trading opportunities.