Binance Unveils Spot Copy Trading: Empowering Traders with Expert Strategies

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Binance Unveils Spot Copy Trading: Empowering Traders with Expert Strategies

Binance has announced the launch of spot copy trading. This system allows traders to replicate the strategies of other top traders within the platform, with the opportunity of copying up to 10 portfolios at a time.

This new feature is now available on both the Binance app and website, allowing users, that is, the “Copy Traders”, to benefit from the expertise and experience of skilled traders, referred to as the “Lead Traders” by easily replicating what they do. This new initiative will help young and inexperienced traders by allowing them to gain insight into various trading strategies and learn from the success of more experienced market participants.

The exchange revealed that there are two types of copy trading modes: fixed amount and fixed ratio. The fixed amount refers to the specific fund per trade set by the copy trader to carry out copy trading, while the fix...


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Binance Unveils Spot Copy Trading: Empowering Traders with Expert Strategies