Event Background & Official Statement
Recent market rumors suggested Bybit would completely phase out its MT5 trading system, raising concerns among investors. According to a May 3 report by Wu Blockchain, Bybit CEO Ben clarified during a live stream that the platform will finalize its trading system upgrade by the end of this quarter. Retail users will gain direct access to stocks, gold, crude oil, and indices trading without requiring MT5. This transition signifies MT5's gradual exit from Bybit’s core trading ecosystem.
Transition Plan for MT5 System
Currently, MT5 still supports several critical functions, including:
- Gold trading (recent daily volumes exceeding $2 billion)
- Index derivatives (covering 18 major indices like FTSE China A50 and NASDAQ 100)
- Professional trader tools
A March 14 Tencent News report revealed Bybit’s zero-fee policy for MT5 index trading, valid until April 12, 2025, confirming the system remains operational. However, users should note that index trading services launched in October 2024 will migrate post-upgrade.
Regulatory Context & Strategic Shifts
In April 2024, Bybit suspended P2P trading and select currency pairs in Hong Kong due to regulatory pressure. Analysts at Chain Circle suggest this aligns with broader compliance efforts: "Dropping MT5 may synchronize with global licensing strategies," particularly in Asia’s tightening regulatory landscape.
👉 Explore Bybit’s upgraded trading platform
User Action Plan
- Position Migration: Transfer MT5-held assets before quarter-end.
- Interface Familiarization: Test Bybit’s native trading interface (demo available).
- Fee Changes: Monitor post-zero-fee cost adjustments (new standards expected June).
For updates, consult Bybit’s official announcements or Monetary Authority of Singapore (MAS) filings. The platform guarantees a 30-day transition period with technical guidance to ensure liquidity stability.
FAQ Section
1. Why is Bybit discontinuing MT5?
Bybit aims to streamline trading by integrating MT5’s features (e.g., stocks, indices) directly into its main platform, reducing complexity and enhancing accessibility—key to its global expansion strategy.
👉 Learn about Bybit’s multi-asset trading
2. How will users trade post-MT5?
Existing assets (stocks, commodities, indices) will migrate seamlessly to Bybit’s main platform, with uninterrupted service.
3. What was MT5’s role at Bybit?
MT5 facilitated diversified trading (e.g., FTSE China A50 in 2024). Bybit’s 2025 upgrade reflects its evolution from a crypto exchange to a full-fledged financial platform.
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