Highlights

  • The Binance Futures Copy Trading feature, launched in October 2023, saw high demand and a total weekly average trading volume of over $2 billion in the first three months.

  • The platform added new user-centric features such as simulated copy trading, private chat rooms, and the Sharpe Ratio indicator, which enhance the user experience, promote learning, and enable informed decision-making.

  • Binance's copy trading feature offers advantages to both core traders and copy traders, offering them opportunities to make profits, access to various futures contracts, and various rewards programs.

Binance Futures Copy Trading feature, launched in October 2023, is designed to make the trading experience more social, help experienced traders monetize their knowledge, and support beginners to explore the world of Futures trading. The product is off to a great start, recording a total weekly average trading volume of over $2 billion during the first three months, highlighting the strong demand for social trading features among Binance users.

We break down barriers to entry

With Copy Trading, we continue to demonstrate our commitment to reducing the barriers to entry to the many opportunities that digital finance offers and to expanding the pool of cryptocurrency users. The strong growth and popularity of our new DE Copy Trading functionality represents another step in making the often sophisticated space of Futures trading more accessible.

Last month we introduced three new user-centric features to improve your experience.

  • Simulated Copy Trading – A tool that allows traders to experience the process without investing real money. It offers users virtual funds to explore and learn about futures and copy trading in a realistic simulation environment.

  • Private Chat Rooms: Binance Copy Trading has introduced private chat rooms, available in over 150 countries and 14 languages, featuring translation capabilities to further reduce learning barriers between copy traders and core traders.

  • Sharpe Ratio Indicator: We added the Sharpe Ratio, an indicator of performance per unit of risk, as another performance criterion that traders can use when evaluating and selecting the top traders they want to follow.

Rohit Wad, CTO of Binance, said: "With the copy trading platform, our vision was to create an industry-leading social trading product where trading was not just transactional, but also about learning and grow together. The positive response and support we have received from the community so far is a testament to the commitment we have at Binance to developing products that users truly value. We are very happy with the promising start of the product and are excited to see it continue. growing and evolving in 2024, as we continually strive to innovate and deliver the best to our users."

Everyone wins

Binance top traders can take advantage of advanced tools to trade over 100 futures contracts while enjoying attractive benefits such as 10% profit sharing and 10% commissions from copy traders. We are also introducing an Elite Trader Program, which provides further rewards and incentives for those who have demonstrated exceptional performance.

In turn, copy traders benefit by leveraging the knowledge and experience of other traders for as little as $10. They can also diversify their investments in up to 10 portfolios at a time.

To learn more about the Binance Copy Trading product, please visit the product page here. More experienced traders who wish to become master traders can create their portfolios through this link.

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Legal warning

Digital asset prices can be volatile. The value of your investment could increase or decrease, and you may not get back the amount invested. You alone are responsible for your investment decisions and Binance is not responsible for any losses you may incur. Futures trading, specifically, is subject to high market risk and price volatility. Your entire margin balance could be liquidated in the event of extreme market movements. You should only invest in products that you are familiar with and whose risks you fully understand. You should carefully evaluate your investment experience, financial situation, investment objectives and risk tolerance, and consult an independent financial advisor before making any investment. Trading by following or copying other traders' trades involves a high level of risk, even if you follow or copy the best traders. These risks include copying or following the decisions of possibly inexperienced or unprofessional traders, or traders whose purpose, ultimate intention or financial status is different from yours. Past performance does not guarantee future performance. Before trading, you should make an independent assessment of the suitability of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. If applicable, consult your advisors. This information should not be construed as financial or investment advice. For more details on how to protect yourself, visit our Responsible Trading page. Copy trading is restricted in certain countries and for certain users. This content is not intended for users/countries to which restrictions apply. For more information, please see our Terms of Use and Risk Warning.