Binance has announced the launch of a new feature called spot copy trading. According to representatives of the platform, this tool will allow users to mimic the trades of top traders automatically.
These top traders will receive a 10% share of the profits and a 10% discount on commission from users who replicate their strategies on a weekly basis.
Some of the advantages of this feature, as stated by Binance, include faster and more efficient transactions, as well as the ability to diversify and manage risk.
Users can view the performance metrics of top traders, such as their profit and loss statements, and choose the ones they want to follow while setting their own risk controls.
Currently, only experienced users with assets within a certain range (from 500 to 250,000 USDT) can access spot copy trading and register as lead traders. However, general access to the tool will be open in May.
