tl;dr
Bybit, the second-largest cryptocurrency exchange, has introduced Copy Trading for Gold and Forex markets, making it the first crypto platform to do so for these traditional asset classes. Users can replicate professional trading strategies for Gold and Forex directly within their MT5 accounts using...
Bybit, the second-largest cryptocurrency exchange, has introduced Copy Trading for Gold and Forex markets, making it the first crypto platform to do so for these traditional asset classes. Users can replicate professional trading strategies for Gold and Forex directly within their MT5 accounts using USDT as collateral.
Bybit is also expanding its regulatory compliance efforts while seeking to obtain a MiCA license in Austria. Despite regulatory challenges, the exchange continues to expand, most recently launching a liquid staking token on the Solana blockchain.
The new feature allows users to replicate professional trading strategies for Gold and Forex directly within their MT5 accounts. Trades can be executed using USDT as collateral, providing a structured approach to navigating the complexities of Gold and Forex markets.
Bybit’s growth comes amid significant regulatory hurdles. Bybit India announced a suspension of crypto trading and new account registrations starting January 12, citing regulatory changes. Despite this, users can still withdraw funds during the suspension period. Bybit ceased crypto services in France due to increasing regulatory scrutiny and is actively working to obtain regulatory approval in other European Union countries. Currently, Bybit is seeking a MiCA license in Austria, positioning itself among the leading exchanges operating under the new EU crypto regulations.
These regulatory challenges have not deterred Bybit from expanding its offerings. In September, the exchange launched a liquid staking token (LST) on the Solana blockchain, joining other major platforms in advancing blockchain services.