Bybit has announced that MetaTrader 5 (MT5) platform will
soon be available for cryptocurrency, forex, and Contracts for Difference
(CFDs) trading. The launch is scheduled for early August 2024.
MT5 Platform Supports USDT
According to the firm, Bybit’s MT5 will feature top-tier
liquidity and competitive fees. It will provide access to crypto perpetuals
with minimal spreads and leverage options. The platform will also support forex
trading. CFDs will allow traders to speculate on the price movements of assets
such as gold and oil without owning the underlying assets.
The MT5 platform will not require a minimum deposit.
Deposits will be credited automatically to the Funding Account. However,
traders must manually transfer funds from the Funding Account to their Bybit
MT5 Account. Currently, the MT5 Account supports deposits only in USDT.
🎉 Get ready for the new MetaTrader 5 Platform & Get Up to 20% Fee Rebate! Cut your costs and register now to enjoy early bird trading fee rebate🌐 Learn More: https://t.co/rkhspbeUiV#TheCryptoArk #BybitTrading pic.twitter.com/ctq2yELL4d
— Bybit (@Bybit_Official) July 29, 2024
Spot Liquidity Program Launched
Meanwhile, Bybit
has introduced two initiatives to improve liquidity and large-scale
transactions, as reported by Finance
Magnates. The Spot Liquidity Pairing Program connects market makers with
projects needing better liquidity.
For July, seven market makers, including Amber Group and
Flow Traders, are featured as “Premium” providers. Additionally, Bybit has
launched a zero-fee Block Trading feature, allowing large asset transactions in
a single trade to reduce price slippage.
This feature supports multiple fiat currencies, including
the Nigerian Naira and Russian Ruble. The platform also recently issued a new
payment card in Argentina, in partnership with Mastercard, marking its user
base reaching 30 million, with 10 million added in about seven months.
Bybit has introduced its Mastercard
debit card in Argentina. The new offering aims to combine digital assets
with everyday transactions and enhance financial inclusivity. The company
announced this development earlier this month, highlighting the convenience and
rewards associated with the card.
This article was written by Tareq Sikder at www.financemagnates.com.
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