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  • Blockchain Timeline

Binance to launch copy trading feature and other automated strategy tool

The Block reports that Binance plans to unveil a spot copy trading tool, enabling users to follow and automatically execute trades of certified "lead traders". The lead traders will earn a 10% profit share and a 10% commission rebate from followers.

The features were pioneered by social trading platform eToro and have since been available by many competitors. Binance is the largest centralised exchange by volume.

The platform's new feature will roll out in May and is now open for registration to lead traders with portfolios between 500 USDT and 250,000 USDT.


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