Binance has introduced a new ‘copy trading’ feature that gives its users the ability to replicate the strategies used by the top crypto futures traders.
“Copy traders” can now mimic the real-time futures trading strategies of “lead traders,” according to a new announcement from the exchange.
Copy traders can assess lead traders’ performance metrics and create a specific strategy based on their risk tolerance. They can also trade fixed amounts per trade or use a fixed ratio based on their overall portfolio.
Master traders receive 10% of their copy traders’ profits and 10% commission on their copy traders’ trading fees.
Binance CEO Changpeng Zhao teased the new feature on social media platform He also noted that the exchange’s employees are prohibited from trading futures, eliminating the possibility that traders can mimic employee strategies.
However, the CEO is say he might be open to changing that company policy.
“This creates the problem that most of our people no longer know our products. Perhaps we should allow futures trading for testing purposes, for example with a maximum of €10,000…’
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