Bybit, the second-largest cryptocurrency exchange, has announced the launch of Copy Trading Gold&FX, a new feature allowing users to replicate trading strategies employed by more experienced users with Tether (USDT) as collateral, as reported to Finbold on Monday, January 20.
With the launch, Bybit has become the first crypto exchange to offer copy trading specifically tailored to gold and foreign exchange (Forex) markets.
All relevant copy trading features are available directly within the user’s MT5 account.
Copy Trading Gold&FX
The introduction of Copy Trading Gold&FX underscores Bybit’s commitment to innovation and transparency in traditional and digital finance.
Joan Han, Sales and Marketing Director at Bybit, emphasized the significance of the new feature, stating:
“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.”
Han continuted:
“This integration aims to enhance portfolio diversification, improve risk management, and create opportunities for optimized trading outcomes within the MT5 platform. Copy Trading Gold&FX is more than just a feature — 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.”
To ensure accountability, all Master Traders will undergo a careful approval process to verify their expertise and reliability.
In addition, Bybit has promised to monitor trading activities to prevent manipulation and misinformation, while further safety measures include automatic closure of follower positions in case a Master Trader’s position is liquidated as well as complete access to performance metrics and trading history.
Bybit copy trading and profit sharing
Under the Gold&FX Plan, a high-water mark mechanism ensures traders share profits only when the account value surpasses its previous peak.
On the other hand, the Classic Plan for futures trading automatically deducts and adjusts profit-sharing ratios from daily earnings.
The post Bybit announces the launch of Copy Trading Gold&FX, a new copy trading feature appeared first on Finbold.