Binance, a cryptocurrency exchange, has launched a copy trading feature for its futures products in select markets. This feature allows users to follow and replicate the trading strategies and portfolios of experienced traders, creating a more interactive and educational environment within the trading community.
Binance Copy Trading offers two modes to accommodate users' preferences and risk tolerance, allowing for flexible investment management options. Experienced traders can earn a 10% profit share and receive a 10% trading commission rebate from copy traders who mirror their trades, while copy traders can access comprehensive portfolio insights to make informed decisions about whom to follow. Binance has also withdrawn its futures and options and leveraged token services for Australian customers in compliance with regulatory pressures in the region.
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