Binance, a dominant player in the world of cryptocurrency, has launched a new feature called copy trading, targeting its futures products and only available in the relevant markets. This innovative tool allows enthusiasts to mirror the actions and trading methodologies of established traders, blurring the line between novice and expert. Acting as both primary traders and followers amplifies community engagement, according to Binance.
Rachel Conlan, Binance’s marketing director, emphasized the importance of this feature, stating its alignment with the company’s vision to democratize financial access. “Our goal is to equip our users with tools that empower their control over financial decisions,” she said.
Des stratégies diverses pour des traders variés
Copy trading is not a one-size-fits-all solution on Binance. To cater to different risk appetites and preferences, it introduces two modes. The “fixed amount” approach allows followers to allocate a specific amount for trade emulation, while the “fixed ratio” route enables them to align with the strategies of primary traders, based on the size of their own account.
Binance rewards its primary traders, offering them a dual financial incentive—10% of profits and a 10% reduction in trading commissions generated by their followers. This feature is complemented by Binance Feed, a platform where they can broadcast their trading tactics.
