The new bot supports all 12 BTC-quoted Spot pairs, opening new avenues for pair trading. This is especially beneficial for BTC holders looking to leverage market fluctuations without selling their holdings.
Bybit has announced the launch of Spot Grid 3.0 – an upgrade to its popular Spot Grid Bot, with new features designed to enhance flexibility, control, and opportunities.
Spot Grid 3.0 offers three customized investment modes: Quote Mode, Base Mode, and Base+Quote Mode.
These options allow users to trade multiple BTC, USDT, and ETH pairs depending on their strategy and market outlook. And, with Base+Quote Mode, users will no longer need to convert USDT to BTC when creating their bot, saving extra trading fees.
Spot Grid 3.0 expands the grid range capability to 330 grids
Ben Zhou, co-founder and CEO, said: “Spot Grid 3.0 is a testament to Bybit’s leadership in terms of innovation and providing traders with the tools they need to succeed. We understand that in the dynamic world of crypto trading, flexibility, and control are paramount. Spot Grid 3.0 is designed to empower our users to navigate the market with confidence, with the latest features.”
The new bot expands the grid range capability to 330 grids, thus broadening the scope for profit but also catering to a wider variety of trading styles and market conditions as traders get to finely tune their strategies on even the smallest market movements.
Traders can even make real-time adjustments to their bots without the need to pause or stop them, ensuring strategies remain aligned with market trends. The instant profit withdrawal feature allows traders to access their profits immediately without deactivating their bot.
Spot Grid 3.0 supports all 12 BTC-quoted Spot pairs
The new bot supports all 12 BTC-quoted Spot pairs, opening new avenues for pair trading. This is especially beneficial for BTC holders looking to leverage market fluctuations without selling their holdings.
Spot Grid 3.0 also integrates Aurora AI, a tool that analyzes historical data to recommend optimal trading bot strategies, making it accessible for beginners and seasoned traders alike. Additionally, the introduction of Loss Cover Vouchers aims to boost traders’ confidence by minimizing potential losses.
Aurora AI was launched in December 2023
Bybit introduced Aurora AI in December 2023. The AI-powered recommendation tool aims to revolutionize bot trading by utilizing artificial intelligence to analyze historical market data.
It identifies 18 sets of optimal strategy parameters, focusing on yield, arbitrage frequency, and drawdown risk. The tool is designed to be user-friendly for both beginners and experienced traders.
Aurora AI allows users to input their investment amount and adopt trading strategies directly. This accessibility breaks down the traditional barriers to entry in bot trading.
According to Bybit, Aurora AI demonstrated impressive performance before its public launch, with the Futures Grid Bot’s AI strategy achieving a win rate of over 70%.
