Phemex launches copy-trading service

Cryptocurrency exchange Phemex has added a copy-trading feature. Users of the trading platform can subscribe to top traders and mirror their trades, as well as apply to participate and earn income from subscribers’ trades.

Features of copy-trading on Phemex:

• maximum number of subscribers for a top trader is 50;
• you cannot be a top trader and a subscriber at the same time;
• earnings of the top trader from copy-trading — 12% of the subscriber’s profit.

As of publication, more than 100 top traders had registered for the copy-trading service. Return on investment (ROI) for participants reaches 60%.

Phemex displays top-trader statistics on dedicated pages. They include: profit, trade history, list of open positions and other data.

Phemex — a Singaporean cryptocurrency exchange offering spot, futures, P2P and OTC trading for 300 cryptocurrencies. The platform also offers passive income — savings accounts and staking with yields of up to 88% and 500% per annum respectively.

According to Phemex, the platform is used by 5 million people from 200 countries, including the United States. The average daily turnover amounts to $10 billion.

As reported in an exclusive ForkLog interview, Phemex CEO Jack Tao said why he believes in the success of metaverses.

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