Bybit Updates Profit Sharing for Whitelisted Copy Trading Followers

Bybit has announced an update to its Copy Trading platform, specifically impacting its whitelist settings for profit sharing. This change allows Master Traders to share up to 99% of profits with whitelisted followers, providing greater flexibility for custom arrangements.

Master Traders and their whitelisted followers are the primary parties affected by this adjustment. The update increases the maximum profit share from previous preset limits, enhancing the platform’s offering and potential attractiveness to professional traders.

The update is expected to influence trading dynamics on the platform significantly. Traders may respond favorably to the increased flexibility, although no direct statements from Bybit executives have been made available as of this update.

The ability of Master Traders to share up to 99% of profits could lead to higher engagement within the Copy Trading community. The change leverages USDT for transactions, ensuring consistency in profit distributions and trading operations.

Bybit previously maintained tiered profit-sharing limits based on trader rank. The introduction of whitelisted followers with a potential 99% share marks a notable evolution, increasing competitive appeal among advanced traders.

Expert opinions suggest this move may enhance Bybit’s market position, fostering interest and participation from seasoned traders. Historical trends underscore the potential growth opportunities, as tailored profit-sharing arrangements become more accessible on the platform.

Bybit Official Help Center, “You can set the Profit-Sharing Ratio of whitelisted Followers from 0% to 99%. You will no longer be included in Bybit Copy Trading’s …”: Bybit Official Help Center.