Binance expands copy trading offerings with NEIRO/USDT and TURBO/USDT contracts
Binance expands copy trading offerings with NEIRO/USDT and TURBO/USDT contracts
Binance, a leading global cryptocurrency exchange, has announced the addition of NEIRO/USDT and TURBO/USDT perpetual contracts to its Binance Futures Copy Trading platform.
This expansion, set to take effect on October 29, 2024, at 09:00 UTC, broadens the range of trading pairs available for users engaged in Copy Trading, a unique Binance feature that allows individuals to replicate the trades of experienced traders in real time.
Copy Trading is designed to help beginners navigate the complexities of cryptocurrency trading by enabling them to follow seasoned traders. Through this feature, users can replicate the trades of lead traders within their portfolios, gaining access to market strategies without requiring additional knowledge or constant market monitoring. With Copy Trading, users simply determine their investment amount, and the system automatically replicates the selected trader’s positions. This setup not only provides newcomers with valuable insights into market movements but also helps them build a practical understanding of crypto trading fundamentals.
The addition of NEIRO/USDT and TURBO/USDT contracts is expected to attract users looking for a wider range of Copy Trading options. NEIRO/USDT and TURBO/USDT represent growing sectors within the crypto ecosystem, and their inclusion aligns with Binance’s ongoing efforts to offer a variety of contract types to meet a wide spectrum of trading preferences and strategies. By expanding its futures contracts, Binance provides more opportunities for novice traders to explore specific assets and markets that align with their risk tolerance and investment goals.
For experienced traders, Binance Futures Copy Trading offers an additional earning avenue by sharing their strategies. Lead traders can attract followers and potentially increase their profits based on the number of users choosing to follow their trades.
The launch of NEIRO/USDT and TURBO/USDT perpetual contracts within Copy Trading reflects Binance’s commitment to innovating its offerings and enhancing accessibility for users at all experience levels. This latest expansion of Copy Trading options on Binance underscores the exchange’s dedication to creating an inclusive, educational, and profitable environment for its users.
Previously, Binance launched a new service allowing users to sell their crypto assets directly to credit or debit cards through a partnership with Paymonade.
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