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Binance, the world’s largest bitcoin (BTC) and cryptocurrency exchange, launches a marketing campaign copy trading futures with rewards. The new social operate of the platform permits customers to copy trading methods and portfolios of the so-called lead merchants in “select high liquidity markets” and earn “a share of 45,000 USDT in token coupons.”
According to the exchange, any consumer can turn into a main dealer (or lead dealer). Doing it, You will obtain 10% earnings and 10% fee by operations reproduced by others copy merchants.
Additionally, this new operate has some social community options. One of them permits the creation of content material about trading methods in Binance Feed.
Regarding copy merchants, Binance assures that These will be capable to observe the technique of as much as ten merchants concurrentlyin addition to observing sure efficiency metrics of the lead merchantscorresponding to return on funding, revenue and loss report, drawdownand many others.
According to Binance, the brand new copy trading function “seeks to reduce the barrier to entry for less experienced users, who will now be able to take advantage of the knowledge and strategies of other traders.” The exchange clarifies that the brand new copy trading accounts will work individually from the futures accounts.
“With the launch of copy trading, we continue to drive the growth of the community, being able to share and learn from other traders, also opening the possibility of monetizing this experience.”
Min Lin, regional vp of Binance for Latin America.
(*6*)(*3*)Binance provides away 45,000 USDT among the many first “copiers”
According to the corporate’s official web site, Binance opened a copy trading marketing campaign that might be legitimate till November 6, 2023. Said marketing campaign provides the chance “to win a share of 45,000 USDT in token coupon rewards.” To take part, you simply need to register right here and make your first copy commerce.
(*5*)Binance provides threat administration options to its copy trading
Binance designed sure threat management settings inside the copy trading setups. For instance:
- Orders to handle positions and restrict losses, completely different ranges of leverage and varied margin modes.
- Slip limits (slippage) of between 0.3% for BTC/USDT and ETH/USDT, and 0.5% for different futures contracts.
- Fixed quantity allocations that assist you to keep management over the quantity of funds supposed to function.
- Leverage threat indicators by way of coloured labels: yellow will seem as a warning for leverages of 10x to 20x, and crimson these larger than 20x.
