Binance, a popular cryptocurrency exchange, has introduced a new feature called “copy trading” that allows users to replicate the trading strategies of successful crypto futures traders. This feature enables “copy traders” to mimic the real-time trading strategies of “lead traders” on the platform. Users can assess the performance metrics of lead traders and customize their own strategy based on their risk tolerance. They have the option to trade fixed amounts per trade or use a fixed ratio based on their total portfolio. In return, lead traders receive 10% of the profit earned by their copy traders and a 10% commission on their copy traders’ trading fees. Binance CEO Changpeng Zhao announced this feature on social media, highlighting the opportunity for users to copy the strategies of the best traders on the platform. He also mentioned that Binance employees are currently prohibited from futures trading, but he may consider changing this policy in the future. This new feature aims to provide users with a convenient way to benefit from the expertise of successful traders and potentially improve their own trading outcomes.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	0
People	Changpeng Zhao
Companies	Binance
Currencies	None
Securities	None