Binance has rolled out a brand new “copy buying and selling” function that offers its customers the power to duplicate the methods employed by prime crypto futures merchants.
“Copy merchants” can now mimic the real-time futures buying and selling methods of “lead merchants,” in keeping with a brand new announcement from the trade.
Copy merchants will be capable of overview the efficiency metrics of lead merchants and set a particular technique based mostly on their danger tolerance. They may even be capable of commerce mounted quantities per commerce or use a hard and fast 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 government Changpeng Zhao teased the brand new function on the social media platform X, saying the customers of the trade might copy “among the finest merchants” on his platform. He additionally famous that the trade’s workers are prohibited from futures buying and selling, eliminating the likelihood that merchants might mimic worker methods.
The CEO, nevertheless, says he is perhaps open to altering that firm coverage.
“This creates an issue that almost all of our folks don’t know our merchandise anymore. Possibly we must always permit futures buying and selling for testing functions, say with a max $10,000 cap…”
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