Bybit Announces The Launch Of MetaTrader 5 For CFDs, Forex, and Crypto
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Crypto exchange Bybit has stated that it will soon launch its MetaTrader 5 (MT5) platform to enhance trading efficiency. According to the exchange, the platform will be available for Contracts for Differences (CFDs), forex, and cryptocurrency trading. Bybit says the platform will be ready by August, but no specific date was mentioned.
The New Platform Will Enhance Users’ Experience
Bybit noted that the new MT5 platform will come with new features to enhance users’ trading experience. It will include competitive fees and top-tier liquidity. MT5 will offer crypto crypto enthusiasts access to leverage options and minimal spreads.
The platform will also have support for users who want to trade forex. With the unique CFDs feature, traders can speculate on the price movements of different stocks and commodities such as oil and gold without owning the assets.
Traders are not subjected to any minimum deposit for the new platform. Bybit also stated that users’ deposits will be automatically credited to their Funding Account. However, the traders will need to transfer the funds to their MT5 Account on the platform manually. Also, users will only be able to deposit on the MT5 account using USDT.
Bybit is also looking to encourage large-scale transactions and improve liquidity on the platform. The firm recently introduced the Spot Liquidity Pairing Program that can easily link market traders to projects. This initiative was launched to improve the overall liquidity and trading efficiency of the platform.
Bybit Launches Zero-Free Block Trading
Bybit has also introduced several market makers, including Flow Traders and Amber Group. These market makers will be featured as ‘Premium Providers’. Also, the forex exchange has rolled out another feature it calls zero-fee Block Trading. The new feature reduces price slippage by enabling huge asset transactions in a single trade.
The new feature will be supporting several fiat currencies, including the Russian Ruble and Nigerian Naira. ByBit is working round the clock to expand its operations and features across different regions.
It has launched a new payment card in Argentina to give the region easier access to their accounts on the platform. The company collaborated with Mastercard to make it possible. Bybit has now added 10 million to its user base, taking it to 30 million users.
The new Mastercard debit card will enhance financial inclusivity by combining everyday transactions with digital assets. Bybit stated that the card will offer more convenience to holders who are users of the platform.
