This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
As part of its risk control measures, Binance Copy Trading will be introducing leverage limits for lead trader portfolios.
Effective from 2024-02-21 08:00 (UTC), lead traders may only open new positions with up to 5x leverage when their respective portfolios’ AUM (Assets Under Management) exceed 1,000,000 USDT. Lead traders with an AUM of 1,000,000 USDT or lower are not impacted. This will help copy traders reduce their exposure to lead trader portfolios and mitigate risks, thereby better protecting users.
About Binance Copy Trading
Copy Trading allows users to copy experienced traders’ portfolios in real time. After determining the investment amount, the system will automatically copy trades from the lead traders’ portfolios that users select. Novice traders may familiarize themselves with the crypto market via Copy Trading, and build up their strategizing and trading techniques.
Further Information
Note: There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Thank you for your support!
Binance Team
2024-02-21
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. Trading by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance is not a reliable indicator of his/her future performance. Content on our platform does not contain advice or recommendations. This material should not be construed as financial advice. To learn more about how to protect yourself, visit our Responsible Trading page. Copy trading is restricted in certain countries and to certain users. This content is not intended for users/countries to which restrictions apply. For more information, see our Terms of Use and Risk Warning.