Bybit has announced that MetaTrader 5 (MT5) platform will soon be available for cryptocurrency, forex, and Contracts for Difference (CFDs) trading. The launch is scheduled for early August 2024.
MT5 Platform Supports USDT
According to the firm, Bybit’s MT5 will feature top-tier liquidity and competitive fees. It will provide access to crypto perpetuals with minimal spreads and leverage options. The platform will also support forex trading. CFDs will allow traders to speculate on the price movements of assets such as gold and oil without owning the underlying assets.
The MT5 platform will not require a minimum deposit. Deposits will be credited automatically to the Funding Account. However, traders must manually transfer funds from the Funding Account to their Bybit MT5 Account. Currently, the MT5 Account supports deposits only in USDT.
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🌐 Learn More: https://t.co/rkhspbeUiV#TheCryptoArk #BybitTrading pic.twitter.com/ctq2yELL4d
— Bybit (@Bybit_Official) July 29, 2024
Spot Liquidity Program Launched
Meanwhile, Bybit has introduced two initiatives to improve liquidity and large-scale transactions, as reported by Finance Magnates. The Spot Liquidity Pairing Program connects market makers with projects needing better liquidity.
For July, seven market makers, including Amber Group and Flow Traders, are featured as “Premium” providers. Additionally, Bybit has launched a zero-fee Block Trading feature, allowing large asset transactions in a single trade to reduce price slippage.
This feature supports multiple fiat currencies, including the Nigerian Naira and Russian Ruble. The platform also recently issued a new payment card in Argentina, in partnership with Mastercard, marking its user base reaching 30 million, with 10 million added in about seven months.
Bybit has introduced its Mastercard debit card in Argentina. The new offering aims to combine digital assets with everyday transactions and enhance financial inclusivity. The company announced this development earlier this month, highlighting the convenience and rewards associated with the card.