Bybit today announced in a company statement that it is offering its customers the ability to trade cryptocurrencies directly on MT4, the most popular trading platform for online retail traders.
The popular crypto platform has completed its MetaTrader 4 integration to allow users to enjoy countless features, including thousands of charting tools, trading robots and technical indicators, as well as copying features trading, alerts, financial news and mobile trading.
Although its Russian developer, MetaQuotes, launched its successor, MT5, in 2010, the older version has yet to loosen its monopolistic grip on the retail arena. Since MT4 has stood the test of time, millions of traders still consider it an integral part of their daily trading activity.
At launch, Bybit users can trade USDT perpetual contracts 24/7, but MT4 functionality will soon be available for other instruments.
“Very popular among retail traders, MT4 offers advanced technical analysis, a flexible trading system and algorithmic trading tools. Developed by MetaQuotes, the features of MT4 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 vendors offering MT4,” the exchange said.
MT4 offers many opportunities
You could say that MT4 functionality is already available from mainstream FX and CFD brokers, but offering such terminals tested by an established crypto exchange should satisfy non-FX traders and provide an enhanced trading experience.
Over the past two years, the crypto industry has grown and attracted a large number of investors. While brokers were willing to expand their offering with cryptocurrencies, the native infrastructure to trade underlying assets was lacking.
“As one of the most advanced and convenient trading solutions, MT4 is a great tool for our users to enhance their trading experience. We are excited to take our products and services to the next level with this integration with MT4, and look forward to our users benefiting from its features and navigating the rise of digital assets with us,” said Ben Zhou, co-founder and CEO. from Bybit.
Bybit made headlines earlier this week after securing a virtual asset license in Dubai, allowing it to operate under the emirate’s “test-adapt-scale” model as a regional development platform. . The exchange is also setting up a base for global operations in the UAE to seed new talent and create a vibrant blockchain ecosystem.
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Bybit Unlocks MT4 Features For Cryptocurrency Traders
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