Binance Spot Copy Trading Is Now Launched With 10% Commissions For Lead Traders

Key Points:

• Binance launches Spot Copy Trading promotion from May 15 to June 16, offering 100,000 FDUSD in token vouchers.
• Binance Spot Copy Trading enables users to mimic experienced traders’ strategies on the Binance website and app, with lead traders earning a 10% profit share and commissions.
• Binance introduces Funding Rate Arbitrage Bot on Binance Futures, allowing traders to earn funding fees by hedging positions.

Binance, a global cryptocurrency exchange, has unveiled a new promotion to drive the adoption of its recently launched Spot Copy Trading feature.

Binance Spot Copy Trading Is Introduced With Promotion: Win 100,000 FDUSD!

Running from May 15 to June 16, 2024, the promotion offers a share of 100,000 FDUSD in token vouchers for eligible participants.

Binance Spot Copy Trading, now available on both website and app, allows users to automatically mimic the real-time trading strategies of experienced traders. With metrics such as ROI and PnL available for review, copy traders can choose lead traders whose strategies align with their risk tolerance. Lead traders, in turn, stand to gain a 10% profit share and commissions from their copy traders’ fees.

Binance Expands Trading Tools with Funding Rate Arbitrage Bot

The move follows the success of its Futures Copy Trading launched last year, fulfilling requests from users for a similar feature in spot trading. Additionally, the exchange has introduced the Funding Rate Arbitrage Bot on Binance Futures, enabling traders to earn funding fees by hedging positions in perpetual futures.

The promotion also includes a special program offering users the chance to earn from a 50,000 USDT prize pool, valid from May 15 to 29.

This move underscores Binance‘s commitment to innovation, providing traders with diverse tools and opportunities. By leveraging the expertise of seasoned traders through Binance Spot Copy Trading, users can potentially enhance their trading outcomes while managing risks effectively.