Cryptocurrency exchange Binance announced the launch of its spot copy trading feature.
You asked and we listened.
Introducing Spot Copy Trading on #Binance!
Replicate strategies of #Binance top traders in a few clicks.
Get started 👉 https://t.co/kY1KnOjw0T pic.twitter.com/QsVtPewuXj
— Binance (@binance) May 15, 2024
The message says that the new option allows clients to copy the trading strategies of experienced traders directly in their own activities. In addition, Binance explained the difference between copy trading in the spot and futures markets:
It is known that exchange clients will be able to copy transactions of ten traders at the same time. The message also says that users will receive 10% of their copy traders' profits and a 10% discount on trading commissions.
The portfolio of experienced traders should range from $500 to $250,000, the maximum number of copy traders is 200, the company noted.
Source: Cryptocurrency
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