The platform adds auto-investing, demo copy trading, and expanded transparency tools.
Binance has introduced five new features to the copy trading platform, aimed at enhancing control, transparency, and access for users. These updates come as copy trading continues to gain momentum, especially among new participants in the cryptocurrency market.
According to Binance, the number of copy trading portfolios has increased more than 52 times over the past year, as users increasingly look to mirror the strategies of more experienced traders.
New features introduced
Auto-investing integration
The new auto-invest feature allows users to automatically copy trades from selected leading traders. Users can set parameters such as the investment amount, copy frequency, and stop-loss limits. Once configured, trades are automatically mirrored without the need for manual input.
Leading trader comparison tool
A comparison tool has also been added, allowing users to evaluate leading traders based on a range of metrics including return on investment (ROI), win rate, total profits and losses, and the current number of followers. The tool aims to help users make more informed decisions when selecting portfolios to copy.
Demo copy trading
To support risk-free learning, Binance now offers demo copy trading, enabling users to simulate trades using virtual funds. Up to 10 dummy portfolios can be tracked simultaneously. While these portfolios do not include real assets, users can observe how strategies perform in real-time.
Order transparency
A new tab for failed orders has been added to improve transparency. In addition to active and completed trades, users will now be able to see trades that were not executed and why, providing greater insight into overall portfolio performance.
Private portfolios for leading traders
Binance has also introduced an option for leading traders to create invite-only portfolios. This allows them to restrict access to certain trading strategies, which can be beneficial for those managing private communities or offering premium trading content.
