Binance launches spot market copy trading, "carry orders" traders are now open for registration
According to BlockBeats, on April 23, Binance announced the official launch of spot market copy trading. Currently, users with rich trading experience and who meet the minimum portfolio asset size requirements can register on the Binance website to become "carry orders" traders. In May 2024, Binance spot will fully launch spot copy trading and open it to all users on the Binance App.
In spot copy trading, users can be both copy traders and copy traders at the same time. Each user can create a copy account and up to ten copy portfolios. For each copy of a transaction, the copy trader can receive a 10% profit share and a 10% transaction commission refund. Binance CTO Rohit Wad said: "Binance always listens to user opinions and incorporates them into its products. Spot market copy trading is one of the ideas that came from community feedback."