Binance Launches Copy Trading Feature, Allowing Users To Duplicate Strategies of Experienced Traders

Binance has rolled out a brand new “copy buying and selling” function that provides its customers the power to duplicate the methods employed by prime crypto futures merchants.

“Copy merchants” can now mimic the real-time futures buying and selling methods of “lead merchants,” in accordance with a brand new announcement from the alternate.

Copy merchants will have the ability to evaluation the efficiency metrics of lead merchants and set a particular technique based mostly on their danger tolerance. They may also have the ability to commerce mounted quantities per commerce or use a hard and fast ratio based mostly on their complete portfolio.

Lead merchants will obtain 10% of the revenue earned by their copy merchants and 10% fee on their copy merchants’ buying and selling charges.

Binance chief government Changpeng Zhao teased the brand new function on the social media platform X, saying the customers of the alternate may copy “a few of the greatest merchants” on his platform. He additionally famous that the alternate’s staff are prohibited from futures buying and selling, eliminating the chance that merchants may mimic worker methods.

The CEO, nevertheless, says he could be open to altering that firm coverage.

“This creates an issue that the majority of our individuals don’t know our merchandise anymore. Possibly we must always enable futures buying and selling for testing functions, say with a max $10,000 cap…”

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