Bybit, ranked the second largest cryptocurrency exchange by trading volume, offers Copy Trading for the Gold and Forex markets.
This makes Bybit the first crypto platform to introduce Copy Trading for these traditional asset classes.
Bybit expands beyond crypto with Copy Trading
The new feature allows users to replicate professional gold and Forex trading strategies directly in their MT5 accounts.
According to the official announcement, transactions can be executed using USDT as collateral. This makes it easier for users to access these markets without the need for advanced expertise or prior trading experience.
“The Copy Trading feature allows users to automatically mirror the trades of professional traders, providing a structured approach to navigating the complexities of the gold and Forex markets,” said Joan Han, Director of Sales and Marketing at Bybit, at BeInCrypto.
The service includes several tools to improve trading efficiency and accessibility. Users will have access to strategies from experienced traders specializing in the gold and Forex markets.
Additionally, the platform offers features to effectively manage and distribute risks across trading portfolios. With MT5 compatibility, users can execute trades seamlessly while benefiting from multi-asset trading support.
“It’s a gateway to smarter, more efficient trading in traditional asset markets. This represents a bold step forward in Bybit’s mission to equip every merchant with the tools, resources and opportunities they need to succeed,” Han said.
Bybit’s growth comes against a backdrop of significant regulatory hurdles. Last week, Bybit India announced the suspension of crypto trading and registration of new accounts from January 12, citing regulatory changes. Despite this, users can still withdraw funds during the suspension period.
Earlier this month, Bybit ceased its 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 looking for a MiCA license in Austria. If obtained, this would position Bybit among the leading exchanges operating under the new European 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 offering. In September, the exchange launched a liquid staking token (LST) on the Solana blockchain, joining other major platforms in advancing blockchain services.
Overall, the new copy trading features mark another significant expansion of the exchange.
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