Binance Introduces Copy Trading for Futures


Binance has introduced a new feature called “copy trading” for futures, giving users two ways to invest and have more control over their finances.

Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On

Binance, a cryptocurrency exchange, has launched a copy trading feature for its futures products in certain markets. With this feature, users can closely follow and imitate the trading strategies and portfolios of experienced traders. This creates a more interactive and educational trading community.

Binance’s Flexible Investment Choices

Binance’s Copy Trading feature comes with two modes to suit users’ preferences and risk tolerance. In the “fixed amount” mode, copy traders can specify how much money they want to use for copying trades. In the “fixed ratio” mode, traders can align with the strategies of lead traders based on their account balance, giving them a flexible way to manage their investments.

Binance’s Goal: Rachel Conlan, Chief Marketing Officer at Binance, explained that Binance aims to improve financial access and empower users to have better control over their money. This new initiative responds to the growing interest from new users who want to learn from experienced traders and interact with them. Additionally, it provides experienced traders with more opportunities to share their knowledge and earn from it.

Copy Traders Get Comprehensive Portfolio Insights

Lead traders on Binance can share their strategies and techniques on Binance Feed and, in return, earn a 10% profit share plus a 10% trading commission rebate from copy traders who replicate their trades. This encourages experienced traders to share their knowledge and provides a financial incentive for doing so.

Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On

Copy traders can follow up to 10 lead traders at the same time and access essential details about their portfolios. This includes information like returns over different time periods, profit and loss records, maximum drawdown, and assets under management. This transparency ensures that copy traders have all the necessary information to make informed decisions about whom to follow.

Centered JavaScript

Compliance Measures in Australia: In 2021, Binance made adjustments in response to increased regulatory pressures in Australia. It withdrew its futures, options, and leveraged token services for Australian customers and temporarily stopped opening new accounts for trading options, margin products, and leveraged tokens in Australia. These actions demonstrate Binance’s commitment to compliance and following regulations in the region.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Join Cryptos Headlines Community

Follow Cryptos Headlines on Google News


  • Asad

    Asad is a dynamic and talented cryptocurrency content author who brings a wealth of knowledge and enthusiasm to every article. With a deep understanding of blockchain technology and a passion for digital assets, Asad's writing is both informative and engaging.

    View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *