Binance Enhances Futures Copy Trading Features

The leading cryptocurrency exchange Binance has enhanced its copy trading functionality for futures trading in response to “sustained demand” from users.

“The product had an excellent start: in the first three months, the average weekly trading volume exceeded $2 billion. This underscores the high demand for social trading features among Binance users,” company representatives wrote.

New features include:

• Mock Copy Trading — a tool for testing strategies without using “real money”;
• private chats, available in more than 150 countries and in 14 languages;
• the Sharpe Ratio indicator, which shows how well the return of a financial instrument compensates for the risk taken by the investor.

The platform supports more than 100 futures contracts. The amount of funds required to start copy trading begins at $10.

Earlier, Binance researchers declared 2023 a “favourable” year for the Bitcoin industry and reported a 30% growth in their client base.