Coinspeaker
Binance Rolls Out Copy Trading for Spot Crypto Contracts 

Binance, the leading global crypto exchange, has unveiled the launch of its long-anticipated copy trading tool for spot customers.

According to an official announcement on April 23, the new tool is available for certain users who meet the exchange’s minimum portfolio asset size requirements.

The feature also allows qualified customers to register as lead traders. These registered traders can choose to monetize their expertise to users who leverage their experience and trading techniques to execute the same trades.

Managing Risks with Automation

By May 2024, Binance plans to extend the service to all customers on the platform, thereby broadening its range of automated spot strategy trading tools. These tools, including options like Spot Grid Trading, Dollar-Cost Averaging (DCA), and Rebalancing Bot, offer traders various benefits.

For the newly launched spot copy trading, the tool is designed to assist users in several ways, such as enhancing speed and transparenc...