Bybit, the world's second-largest crypto exchange by trading volume, has launched a new algorithmic execution tool called Percentage of Volume (POV) Order on its futures platform. Announced June 2, the tool is built for traders moving large positions — it splits big orders into smaller chunks and paces them against real-time market activity. The goal: less slippage, less market impact.
How POV Order works
The tool uses order book-based execution with three modes. Traded Volume mode aligns with overall market trades. Opposite-Side Liquidity pulls from the other side of the book. Same-Side Liquidity works within one side. Each mode lets the trader control how aggressively the order interacts with the market. The system automatically adjusts the pace — no manual slicing needed.
Who gets access
All eligible Bybit Futures users can use POV Order as of the launch date. Bybit, founded in 2018, now serves over 80 million users globally. The exchange says the tool is an addition to its existing suite of execution algos like TWAP and Iceberg.
Institutional and high-volume traders often struggle with slippage when placing large orders on a single exchange. Splitting the work manually is time-consuming and error-prone. POV automates that process, tying execution speed to the flow of the market. If volume picks up, the order fills faster; if activity dips, it waits. That's a more natural fit than a fixed schedule.
This press release is sponsored and provided for informational purposes only.
