Binance Adds Futures to its Copy Trading Feature

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Responding to the significant demand from its users, Binance has now expanded its copy trading feature to include futures trading.

According to the company, the copy trading product has been highly successful since its launch, with an average weekly trading volume of over $2 billion in the first three months.

This highlights the strong interest among Binance users for social trading tools. The platform offers a feature called “Mock Copy Trading” which allows users to test out strategies without using real money.

Additionally, private chats are available for users in over 150 countries and can be accessed in 14 different languages.

The platform also offers an “Sharpe ratio” indicator, which measures the risk-adjusted return of a financial instrument and can provide valuable insights for investors.

With support for over 100 futures contracts, the minimum required funds to start copy trading is only $10, making it accessible for a wide range of users.

Binance researchers have also predicted a promising future for the Bitcoin industry, labeling 2023 as a “favorable” year, and have reported a 30% increase in their customer base.