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Bybit Introduces Subaccount to Revolutionize Trading Experience and Enhance Trading Strategy

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Bybit Introduces Subaccount to Revolutionize Trading Experience and Enhance Trading Strategy
Business

Business

Bybit Introduces Subaccount to Revolutionize Trading Experience and Enhance Trading Strategy

2024-08-14 18:00 Last Updated At:18:15

DUBAI, UAE, Aug. 14, 2024 /PRNewswire/ -- Bybit, the world's second-largest crypto exchange by trading volume, is excited to unveil the game-changing Subaccount - a powerful tool designed to elevate trading experience and enhance trading strategy for traders to achieve their diverse trading goals with enhanced organization and efficiency.

Subaccounts on Bybit are separate accounts nested under the user's main Bybit account, providing a tailored approach to managing funds and strategies. Users can choose between two types of Subaccounts: Standard Subaccounts and Custodial Trading Subaccounts, each offering unique advantages to cater to various trading needs.

Key advantages of utilizing Bybit Subaccounts:                                                                                

To create a Subaccount, users need to first register with Bybit, complete Level 1 KYC verification, and open a Main Account. There are no minimum balance requirements to keep Subaccounts active, and no fees are charged for creating, maintaining, or transferring assets between Subaccounts and the Main Account.

Traders can create up to 20 Standard Subaccounts for trading purposes, with the flexibility to have up to four Subaccounts eligible for trading competitions. For more information, visit: https://learn.bybit.com/en/subaccount-summer-school/

#Bybit / #TheCryptoArk

About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving over 39 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 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.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: media@bybit.com
For more information, please visit: https://www.bybit.com
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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Bybit Introduces Subaccount to Revolutionize Trading Experience and Enhance Trading Strategy

Bybit Introduces Subaccount to Revolutionize Trading Experience and Enhance Trading Strategy

Bybit Introduces Subaccount to Revolutionize Trading Experience and Enhance Trading Strategy

Bybit Introduces Subaccount to Revolutionize Trading Experience and Enhance Trading Strategy

Bybit Introduces Subaccount to Revolutionize Trading Experience and Enhance Trading Strategy

Bybit Introduces Subaccount to Revolutionize Trading Experience and Enhance Trading Strategy

LONDON, Oct. 8, 2024 /PRNewswire/ -- State of the art AI glasses to help people with dementia navigate their environment and a smartwatch that learns daily routines are among five groundbreaking technologies awarded £300,000 as a finalist in the £4.4m Longitude Prize on Dementia.

It is rewarding the creation of new assistive technologies that use AI to transform how people live with dementia after a diagnosis so that they can maintain their independence for as long as possible.

The global challenge prize is funded by Alzheimer's Society and Innovate UK and delivered by Challenge Works (part of Nesta).

One in three people born in the UK today will develop dementia in their lifetime, with around a million people in the UK living with a form of dementia now. This is projected to rise to 1.4 million people by 2040.

The five finalists, who were announced today in the UK on BBC One's The One Show, will each receive £300,000 to develop their technologies in the next 15 months. The finalists are:

Dr James Brown, CEO of Supersense Technologies said: "A few years ago, I was volunteering with a charity supporting people who had just received a dementia diagnosis. At almost every house we visited there would be a drawer full of unused gadgets – fall-detection watches or pendants, AI speakers – great tech but clearly not being used by the people it was designed for.

"As an engineer and researcher with a decade of experience in developing sensor technology, I knew that there was far better, unintrusive technology that could help people with dementia or mild cognitive impairment to live safely in their own homes for longer, and to help families know that their loved one is safe and well. Our system is specifically designed to maintain a person's privacy and autonomy, while identifying new behavioural patterns as soon as they develop, so that loved ones or carers can provide support at the right time, all with the aim of helping people to stay independent in their homes for longer."

Kate Lee, CEO of Alzheimer's Society said: "Currently, around one million people in the UK live with dementia, a figure projected to rise to 1.4 million by 2040. AI presents exciting opportunities to help those with dementia stay active and independent, enabling them to remain in their own homes for as long as possible. By harnessing the power of technology, we can support memory recall and assist individuals in maintaining their daily routines. The five finalists of the Longitude Prize on Dementia are tackling these challenges in innovative and diverse ways. I look forward to seeing how their technologies evolve over the next year."

Dr Jennifer Bute was diagnosed with young-onset Alzheimer's disease in 2009 at the age of 63, leading to her retiring early from her career as a GP. She adds: "Research suggests that remaining independent, whether in your own home or a place where extra help is available, is one of the best contributors to slowing the progression of Alzheimer's disease. As a daily user of technology to help manage my finances, medications – even my home lighting – it's really encouraging to see the breadth of new tools and services being developed to support independent living."

Tris Dyson, Managing Director at Challenge Works said: "The Longitude Prize on Dementia was launched to help meet the urgent need for intuitive, AI technologies that could support independent living for people with dementia. Last year we saw some incredible ideas come through the 24 semi-finalist entries and it was a challenge for the judges to select the five finalists announced today. This announcement proves the critical role innovation, and challenge prizes, have to play in helping to solve some of the biggest challenges of our time."

Stella Peace, interim Executive Chair, Innovate UK said: "Dementia's impact is devastating for those who develop the condition and for their loved ones. There is much we can do to ensure that those with dementia continue to live fulfilling lives. Technology has a great role to play and the projects for which we have announced funding today have the potential to truly change lives for the better."

In addition to the financial reward, non-financial support has been funded to provide innovators with crucial insight and expertise until the end of 2025. The support includes access to potential product users, mentorship, and expert advice on technical and business aspects of the innovation to ensure products are scalable. It will also facilitate knowledge sharing between participants. All teams will be working with people with lived experience to ensure solutions are fully co-created.

In early 2026, one winner will receive a prize pot of £1 million, following a judging process with the international Judging Panel and Lived Experience Advisory Panel. For more information on the finalists and prize, please visit dementia.longitudeprize.org.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

High tech specs and adapted World Cup pitch sensors awarded share of £1.5m as finalists in Longitude Prize on Dementia

High tech specs and adapted World Cup pitch sensors awarded share of £1.5m as finalists in Longitude Prize on Dementia

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