Binance has rolled out a brand new “copy buying and selling” function that provides its customers the flexibility to copy the methods employed by high crypto futures merchants.
“Copy merchants” can now mimic the real-time futures buying and selling methods of “lead merchants,” in accordance with a brand new announcement from the change.
Copy merchants will be capable of evaluation the efficiency metrics of lead merchants and set a particular technique based mostly on their threat tolerance. They can even be capable of commerce fastened quantities per commerce or use a set ratio based mostly on their complete 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 function on the social media platform X, saying the customers of the change may copy “among the greatest merchants” on his platform. He additionally famous that the change’s workers are prohibited from futures buying and selling, eliminating the chance that merchants may mimic worker methods.
The CEO, nevertheless, says he could be open to altering that firm coverage.
“This creates an issue that almost all of our folks don’t know our merchandise anymore. Possibly we should always enable futures buying and selling for testing functions, say with a max $10,000 cap…”
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