Bybit today announced in a company statement that it is offering clients the opportunity to trade cryptocurrency directly on MT4, the most popular trading platform for online retail traders
The popular crypto platform has completed its integration of MetaTrader 4 to enable users to enjoy countless features, including thousands of charting tools, trading robots and technical indicators, as well as copy trading functionalities, alerts, financial news and mobile trading.
Although its Russian developer, MetaQuotes, launched its successor, MT5, in 2010, the old version has yet to loosen its monopolistic grip on the retail trading arena. Since MT4 has stood the test of time, millions of traders still see it as an intrinsic part of their daily trading activity.
Upon launch, Bybit users can trade USDT perpetual contracts 24/7, but MT4’s functionalities will be available to other instruments soon.
“Widely popular among retail traders, MT4 offers advanced technical analysis, a flexible trading system, and algorithmic trading tools. Developed by MetaQuotes, MT4’s functionalities on Bybit will be available to all Bybit users. They can also integrate Expert Advisors for an automated trading experience, allowing them to integrate their trading scripts from other providers offering MT4,” the exchange said.
MT4 offers ample of opportunities
One could say that MT4 features are already available at traditional FX and CFDs brokers, but offering such tested terminals by an established crypto exchange should satisfy non-FX traders and provide an enhanced trading experience.
During the last two years, the crypto-industry has grown and attracted a large number of investors. While the brokers were willing to expand their offering with cryptocurrencies, the native infrastructure to trade underlying assets was missing.
“As one of the most advanced and convenient trading solutions, MT4 is an excellent tool for our users to elevate their trading experience. We are excited to bring our products and services to the next level with this integration with MT4, and we look forward to our users benefiting from its functionalities and navigating the rise of digital assets with us,” said Ben Zhou, co-founder and CEO of Bybit.
Bybit made headlines earlier this week after it secured a Virtual Asset Licence in Dubai, allowing it to operate under the emirate’s ‘test-adapt-scale’ model as a platform for regional development. The exchange is also setting up a base for global operations in the UAE to seed new talent and build a vibrant blockchain ecosystem.