After the futures market, copy trading is also activated on the spot market of the famous exchange.
Binance has launched a new feature for spot copy trading. This functionality will enable users to replicate the trading activities of some of the platform's most profitable traders.
Binance said it now allows users to take up dual roles on the platform. Users can register for both lead and copy trading.
Amidst its regulatory challenges, leading cryptocurrency exchange Binance has announced its upcoming spot copy trading tool that will be available from May 2024. Binance Listened To Its User's Feedback On X, Binance hinted at the coming of the spot copy trading tool, encouraging pro traders to come aboard the Lead Trader Tournament.
Copy traders can automatically execute the same trades as eligible “lead traders” who earn a 10% profit share and a 10% commission rebate.
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