Bybit announces migration to new Open API V5: Details
Bybit announces migration to new Open API V5: Details
Bybit is set to transition from its Open API V3 to Open API V5, aiming to significantly enhance its trading infrastructure and user experience.
Crypto exchange Bybit announced the migration from its current Open API V3 to Open API V5. This update, effective from July 2024, is designed to provide users with improved performance, increased security, and more comprehensive features.
Bybit notes that all Open API V3 services (public and private endpoints) will be discontinued on August 31, 2024.
The transition to Open API V5 brings several technical upgrades, including:
- Simplified integration: Easy upgrade process to minimize disruption.
- Uniformity: V5 APIs streamline Bybit's products by combining Spot, Derivatives, and Options into a single set of specifications.
- Improved capital efficiency: Use UTA borrowing and Portfolio Margin mode to maximize your trading opportunities.
To ensure a smooth transition, Bybit has outlined detailed migration instructions. Users are encouraged to begin migrating their systems to Open API V5 earlier to avoid disruptions. The exchange will provide extensive support during this period, including detailed guides and customer service.
The upgrade to Open API V5 is part of Bybit’s broader strategy to enhance its platform’s reliability and functionality.
By continually innovating and improving its technological infrastructure, Bybit aims to attract more users and maintain its competitive edge in the rapidly evolving cryptocurrency market.
See also: KuCoin lists Mog Coin (MOG), expanding its portfolio
