Binance has rolled out a brand new “copy buying and selling” characteristic that offers its customers the flexibility to duplicate the methods employed by high crypto futures merchants.
“Copy merchants” can now mimic the real-time futures buying and selling methods of “lead merchants,” based on a brand new announcement from the trade.
Copy merchants will be capable of assessment the efficiency metrics of lead merchants and set a selected technique based mostly on their danger tolerance. They can even be capable of commerce mounted quantities per commerce or use a set ratio based mostly on their whole portfolio.
Lead merchants will obtain 10% of the revenue earned by their copy merchants and 10% fee on their copy merchants’ buying and selling charges.
Binance chief govt Changpeng Zhao teased the brand new characteristic on the social media platform X, saying the customers of the trade might copy “a few of the greatest merchants” on his platform. He additionally famous that the trade’s workers are prohibited from futures buying and selling, eliminating the chance that merchants might mimic worker methods.
The CEO, nevertheless, says he could be open to altering that firm coverage.
“This creates an issue that the majority of our folks don’t know our merchandise anymore. Possibly we should always permit futures buying and selling for testing functions, say with a max $10,000 cap…”
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