Business Daily Media

Men's Weekly

.

Bybit Trading Bots Smash All-Time-High On the Back of XRP-Led Rally

DUBAI, UNITED ARAB EMIRATES - Media OutReach - 14 July 2023 - Trading bots on Bybit, the world's third most visited crypto exchange, have broken all-time highs for trading volume in the last 24 hours, on the back of a sudden crypto rally that saw XRP surge 70%.



Bybit's free trading bots, which use algorithmic trading strategies to automatically submit buy and sell orders, hit a combined trading volume of $250,000,000 in the last 24 hours, beating the previous record of $220 million. Indeed, the 24-hour trading volume was 2.5 times higher than the average for this quarter.

The surge was led by Bybit's XRP futures trading bot, which saw a volume of $49,000,000 — over a 49-fold increase from Wednesday, making it the second most algorithmically traded asset on Bybit, behind bitcoin. The crypto exchange also saw a 50% increase in new bots created in the same time period.

Bybit provides smart AI parameters for each trading pair available on its bots. The parameters are maintained by quantitative specialists to maximize profits. Once a user has set up their trading bot and is earning a good return, they can share their strategy with a fellow trader with the click of a button.

"We are excited to see our products performing so well during times of upside volatility," said Vivien Fang, head of financial products at Bybit. "It's times like these when Bybit is most proud to be offering next-level opportunities to all market participants. Traditionally, sophisticated trading bots were tools accessible only by elite investors, but, as the world's Crypto Ark, we simplify these tools to allow easy access to their powerful functionality."

More From Bybit

Bybit Trading Bot Homepage

21 Best Crypto Grid Trading Bots to Use in 2023 (Updated)

How to Use Bybit Futures Grid Bot


Hashtag: #Bybit #TheCryptoArk

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One's reigning Constructors' and Drivers' champions, the Oracle Red Bull Racing team, esports teams NAVI, Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.

For more information please visit:

For updates, please follow:










News from Asia

VinFast and MUFG Bank partner up over a $100 million Green Loan facility

SINGAPORE - Media OutReach Newswire - 25 September 2025 - VinFast has secured a USD 100 million Green Loan facility from MUFG Bank, Ltd., to be used for VinFast's development and international ex...

COCOSPACE to Host First Soundproofing Consultation & Experience Event in Singapore

Japan’s Leading Soundproofing Items Make Their Debut in Singapore SINGAPORE - Media OutReach Newswire - 24 September 2025 - Pialiving Co., Ltd. (Headquarters: Fukuoka, Japan; CEO: Fusako Muromizu)...

Tenchijin's "KnoWaterleak" and AISIN's "Michi-log" Announcing Collaboration on Japan's First Pilot Project for Integrated Road and Water Infrastructure Management in Iwata City

Collaboration between Satellite Data and In-Vehicle AI, Looking Toward Global Expansion SHIZUOKA, JAPAN - Media OutReach Newswire - 25 September 2025 - Tenchijin Inc., a space-tech innovator revol...

AS Watson Celebrates World Pharmacists Day

Honouring Over 3,000 Pharmacists and Nearly 10,000 Health Professionals Worldwide HONG KONG SAR - Media OutReach Newswire - 25 September 2025 - On World Pharmacists Day, AS Watson proudly celebra...

#AyamBersamaMu: Ayam Brand™ and Sunway XFarms Join Forces to Empower Children with Nutrition and Real-World Learning

The collaboration combines hands-on learning for children with nationwide food aid distribution to over 1,000 underprivileged individuals. KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 25 Sep...

Yuno Accelerates Global Growth with APAC Expansion Across China and Singapore

With Singapore as its regional headquarters in APAC and new operations in China, the payments orchestrator is simplifying cross-border commerce for global merchants.

Huawei Releases Global Digitalization and Intelligence Index Report for the Power Industry to Boost Electric Power Intelligence

SHANGHAI, CHINA - Media OutReach Newswire - 25 September 2025 - At the Huawei Global Electric Power Summit held during HUAWEI CONNECT 2025, Huawei released the Global Digitalization and Intellige...

China’s AI Powers ASEAN Expo, iFLYTEK Leads Push for Smarter Connectivity

NANNING, CHINA - Media OutReach Newswire - 25 September 2025 - The 22nd China-ASEAN Expo opened on Sept 17 in Nanning, Guangxi zhuang autonomous region, with artificial intelligence in the...

Spotlight on the Conference of Hebei Tourism Industry Development | Handan Branch: Where Taihang Landscapes Meet Historic Cultural Splendor

HANDAN, CHINA - Media OutReach Newswire - 25 September 2025 - The Handan branch venue of the 9th Conference of Hebei Tourism Industry Development , which also comprised the 8th Conference of Handa...

Shama Elevates Urban Living with "Shama Social Club" and "Shama Friends," Offering Exclusive Privileges for a Warmer, More Enriching City Lifestyle

BANGKOK, THAILAND - Media OutReach Newswire - 25 September 2025 - Today, city living is no longer just about having a place to stay—it's about finding a home that enhances every aspect of life, fr...

Samsara Eco appoints Dr. Lars Kissau as General Manager for Asia

Australian biotech innovator Samsara Eco has announced the appointment of Dr Lars Kissau as its first General Manager of Asia. Based in Singapore...

From the first bounce to the final siren - small business lessons from the AFL Grand Final

The AFL Grand Final is one of the most anticipated days on the sporting calendar. This Saturday, the Geelong Cats and Brisbane Lions will battle i...

Australia’s top finance leaders recognised as CFO role expands

Amid surging regulatory demands and rapidly evolving industry, Australia’s most influential Chief Financial Officers will be honoured at the inaug...

Why outdated security leaves small businesses exposed to crime

Small and medium businesses in Australia are under increasing pressure to address security gaps that criminals readily exploit. An unlocked door, an...

Why it’s time telcos rethink location and put customer experience first

Maurice Zicman, Vice President - CX Strategy at TP in Australia unpacks why the telco industry must rethink old assumptions and focus on digital-f...

Manny Shah: Is your business disappearing from Google? You’re not alone

Small business owners across Australia are panicking as their websites vanish from Google’s front pages overnight. According to Manny Shah, cofounde...

Sell by LayBy