Cryptocurrency exchange Bybit has revived its Copy Trading TradFi protection voucher program, offering loss coverage to both new and returning users navigating a volatile market. The exchange announced that eligible traders can now claim vouchers worth up to 100 USDT, designed to mitigate risk for users following professional 'Master Traders' through its Copy Trading TradFi product.
The program offers tiered benefits: newcomers can receive up to 100 USDT in coverage on their first eligible copy trade, while returning users may qualify for up to 50 USDT in premium protection. If a qualifying trade closes at a loss, compensation is paid up to the voucher amount, with rewards distributed within three days of qualification. The protection is not a direct cash payout but is issued as a 'Copy Trading Bonus' credit, usable only within Bybit's Copy Trading Classic ecosystem.
Bybit, which describes itself as the world's second-largest crypto exchange by volume with over 80 million users, has structured the vouchers as both an onboarding and retention tool. The First-order Protection Voucher for new users is permanent until used, while the Premium Protection Voucher for existing followers follows a quarterly renewal cycle and must be reclaimed each quarter.
The coverage rules are specific and targeted. Protection applies only to the first qualifying order opened by the first Master Trader a user follows after claiming the voucher. If an order is partially filled, only the loss from the first relevant slice is covered. This design aims to limit abuse while providing a tangible safety net, reflecting Bybit's intent to 'democratize access to sophisticated trading strategies' and reduce the intimidation factor of copy trading during periods of macro uncertainty and uneven market conditions.
