Crypto exchange Bybit has launched a new trading robot for seamless and automated trading for control price volatility and the risk associated with futures trading.

Bybit Futures Grid Bot seeks to democratize financial services by giving cryptocurrency users the opportunity to maximize their investments and time while trading. According to the announcement:

“Bots automate buy and sell orders when the price reaches preset prices. Bybit Futures Grid Bot sells futures contracts when the price is above the entry and buys when it is below.

The report added:

“By automatically buying low and selling higher, users benefit from price volatility without the need to actively manage their positions. AI also allows preset parameters based on short/long/neutral positions.”

Bybit sees automation and artificial intelligence as stepping stones to easy and affordable access to sophisticated business environments.

Therefore, Bybit Futures Grid Bot is the ultimate automated crypto exchange resource aimed at reducing downside risk in the futures market. In addition, it uses depth of liquidity intended to minimize slippage.

Bill Xing, head of financial products at Bybit, noted:

“Our Futures Grid Bot is part of our ongoing efforts to simplify trading for our clients and accelerate the use of automation and AI.”

He added:

“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.”

The futures market has been undergoing several innovations. For example, cryptocurrency exchange MEXC recently introduced the second-tier K-line feature to enhance real-time futures trading. Blockchain.News reported.

The function of the second-level K-line was to incorporate the one-second time period, since the K-line chart typically represents minutes, hours, days, weeks, and months as time frames.

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