Bybit Clone: Enhance returns on your assets by developing a Cryptocurrency exchange like BybitAuthor Bybit Clone
Bybit is a well-known trading platform where users can trade their assets either through perpetual, margin, or derivatives trading. It also has an integrated affiliate and referral program where traders get exciting rewards.
The latest news in the Bitcoin trading platform like Bybit and the reasons for its popularity
- It currently occupies the 3rd position in the market for crypto derivatives trading with 9.50% of the trading share in the industry. Bybit over BitMEX recently. Only Binance and Huobi Global have a higher trading volume than Bybit now.
- Bybit expanded its futures contracts trading facilities where users can earn returns up to 100x leverage on their assets. The maximum accepted order size for futures contracts is $1 million which would immensely benefit institutional investors and professional traders.
- Two more futures contracts named BTCUSD0924 and BTCUSD1224 will be launched on March 12 and June 11, 2021. The settlement date for these futures contracts is September 24 and December 24, 2021, respectively.
- The trading volume for crypto derivatives on Bybit’s platform crossed $318 billion with a huge growth of 139%.
- They have also launched sub-accounts that can be used by both retail and institutional investors for establishing secondary accounts linked to their primary ones.
- Bybit’s referral program valid till March 31, 2021, offers the existing users who refer new traders to the platform a bonus of $10 in BTC. If the referee’s trading volume in perpetual contracts increases by $100,000, an additional $10 bonus will be provided in Tether (USDT) stablecoins.
Bybit is one of the fast-growing trading platforms in the booming cryptocurrency industry with more than 100,000 users. It offers welcome bonuses for new traders and charges very low maker and taker fees of only 0.025% and 0.075% respectively. With Bitcoin inching closer to the $50,000 mark soon, the market conditions are highly favorable to launch a state-of-the-art Cryptocurrency exchange like Bybit.
What is the Bybit clone script?
It is a readily usable solution for digital trading and contains all the necessary components. The Bybit clone script is provided in the form of an affordable and easy-to-use white label solution.
The noteworthy features of the Bybit clone script
- Margin trading facility – where users can increase their returns by taking either short or long positions on their digital assets.
- Insurance protection – to safeguard all the funds of the users. There is an insurance fund which is the reserve pool to protect traders from excessive loss. The price gap existing between the bankruptcy price and the position at which a trader is liquidated can be taken from the reserve pool itself.
- Mutual insurance – is also provided to the users to safeguard them from the risks of extreme market fluctuations. The payoff is credited directly to the users’ wallets after the liquidation process gets completed.
- Access to multiple trading pairs – on the platform ensuring efficient diversification of risks.
- The powerful matching engine – ensures the speedy processing of both market and limit orders raised by the users.
- Technical support – is provided 24×7 to the users in numerous languages through live chat facility, email, and Telegram.
- A dual-pricing strategy – is present to protect the traders’ assets from the risks of market manipulation. This reduces the chances of loss.
- Mark price – is the index price added with the decaying funding basis. The last traded price refers to the internal price of the digital assets on the Bybit exchange.
- Coin swapping – The facility is available where users can do easy crypto switching based on the prevailing market conditions.
- Access to games – The Bybit clone script offers users access to the BTC Brawl game where traders can earn a prize pool of up to 100 BTC. There is a 20% discount on the taker fees to be paid during the period of the competition and also a 50% bonus for early participants along with a total of $10000 distributed in the form of gifts and rewards through social media campaigns.
- AMR mechanism – Liquidation of the assets of users has prevented through the Auto Margin Replenishment (AMR) mechanism. The margin of the trade is automatically added to the open positions on the platform.
- A high level of safety for the users – The security measures include two-factor authentication, anti-DDoS protection, jail login, cross-site request forgery protection, SSL implementation, browser detection, HTTPS authentication, anti-phishing software, biometric authentication, email verification, IP whitelisting, server-side request forgery protection, and end-to-end data encryption. This increases the trust of the users.
- The main sources of revenue – Adequate money can be made in the Bybit platform through affiliate bonuses, commission charges for each trade executed on the exchange, and margin bonus rate.
- Availability of APIs – APIs are present for liquidity, payments, trading bots, and price tickers.
- No KYC/AML – There is no KYC/AML verification of the users on the platform ensuring faster onboarding of traders and greater privacy.
- Admin Panel – A robust admin panel handles all the business operations, lists new cryptos and trading pairs on the platform, and monitors user activity closely.
- Atomic Swapping – An atomic swapping option is available where traders can exchange digital assets directly without the presence of a middleman.
- CMS – An advanced CMS (Content Management System) shares all the latest information like changes in prices and market movements to the traders on a timely basis.
- Chat option – A live chat facility is present for quick communication between the crypto buyers and sellers.
- Numerous Payment options – The acceptance of multiple payment methods like debit cards, credit cards, online bank transfers, and digital wallets.
- Multi-Sig cold wallets – The presence of multi-signature cold wallets for the safe storage of users’ funds.
- Lightning-fast transaction execution – A high transaction speed of 100,000 per second ensuring fast fund settlement.
- Advanced data analytics – The provision of advanced market analytics in the form of easy-to-understand graphs and charts for better decision-making by the investors.
- Presence of an IEO Launchpad – Access is provided to an IEO launchpad for the users to buy the new tokens easily in the market.
Grow your investment portfolio by utilizing the Bybit clone script soon
The various benefits offered by the Bybit Clone are
- It ensures anonymous trading for the users by accepting advanced types of orders.
- Both the crypto deposit and withdrawal facilities for users are very flexible. The minimum deposit is only $1 and a maximum of 10 BTC can be withdrawn for every attempt. Withdrawals can be done by the users 3 times every day.
- The user interface of Bybit is highly customizable and very intuitive.
- All the issues faced by the traders can be quickly sorted out by contacting the dedicated help center.
The development model behind the creation of the Bitcoin trading platform like bybit
Bybit was established mainly for professional traders who prefer the fast execution of their orders. The steps to create a similar platform like Bybit involves determining the business requirements, complying with the different regulations imposed by the authorities according to the operational jurisdiction, add all the necessary features into the trading platform, market the exchange aggressively among the target audience, and launch it officially in the market.
Examining the working model of the Bybit Clone Script
Trading can be done either through the website or mobile apps by the users. Either email address or mobile number is enough to start trading assets on the platform. Users can indulge in futures trading by taking short or long positions on their assets depending on whether the prices fall or rise. The different types of Futures Contracts on Bybit are Standard Futures Contracts, Futures with Physical delivery, and Perpetual Contracts. Factors like the amount of leverage, the availability of liquidity, hedging, portfolio diversification, and market volatility must be considered before executing a trade on the Bybit platform. Leveraged trading is beneficial as it can provide huge gains in a short period depending on the liquidation price.
The cost of the Cryptocurrency exchange like Bybit
There is no specific charge imposed to obtain the Bybit clone script. It depends on the features added on the platform, the tech-stack used, the level of customization, and the time taken for development.
Cryptocurrency has been viewed as a mainstream investment avenue now that can totally transform the global financial system. It has received increasing interest from institutional investors and big technology companies. Hence, establish a Bitcoin trading platform like bybit now and take the lead in the intensely competitive industry.
Kickstart development of a Cryptocurrency exchange platform like bytbit today
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