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Binance Expands Automated Strategy Trading Tools, Announces Spot Copy Trading
Largest digital assets exchange opens spot copy trading for lead trader registrations
DUBAI, UAE, April 23, 2024 /PRNewswire/ — Binance, the leading blockchain ecosystem behind the world’s largest crypto exchange by trading volume, today announced the launch of its highly-anticipated spot copy trading strategy tool. The feature is now available for experienced users who meet minimum portfolio asset size requirements to register as lead traders, and it will be rolled out fully for all users in May 2024.
The launch of spot copy trading further increases Binance’s diverse and popular offering of automated spot strategy trading tools, which includes Spot Grid Trading, Dollar-Cost Averaging (DCA) and Rebalancing Bot. Benefits of using automated trading tools such as spot copy trading include:
- 24/7 coverage: Automated trading tools allow the user better control over how they choose to participate in the crypto market which trades 24 hours and seven days a week.
- Speed and efficiency: Once a user has set their trading strategies and parameters, automated trading tools can process vast amounts of market data and execute orders within milliseconds, beyond what the individual user can otherwise do by themselves.
- Removes emotions from decision-making: Automated trading tools help the user to avoid emotional or impulsive trading as it operates according to predetermined trading strategies and parameters.
- Diversification and risk management: With a continuously growing range of automated trading tools, users have more diversification and risk management strategy tools at their disposal.
Copy trading allows users to follow and automatically execute the same trades as those of the lead traders, enabling copy traders to leverage other users’ experiences, trading techniques and risk management strategies. Lead traders can monetize their expertise when they make their portfolio available for copy trading.
Rohit Wad, Chief Technology Officer at Binance, shared: “At Binance, we’re always listening to our users and incorporating their feedback into our products. Our users give us great ideas because, very often, they know what works best for them. Spot copy trading is one such idea that came from community feedback. This is a great tool that automates trading for our users, and gives them the ability to try new trading strategies.“
Binance first launched copy trading for its highly liquid futures products in selected regions in October 2023. In markets where both spot and futures copy trading are available, users will have even greater flexibility in how they manage their trading strategies and overall portfolio.
Users on Binance can simultaneously become lead and copy traders. Each user can have one lead trader account and copy up to ten lead trader portfolios. Lead traders receive 10 percent profit share and 10 percent trading commission rebate from copy traders who replicate their trades. Copy traders can review the lead traders’ performance metrics such as profit & loss record, and choose the ones that they want to follow while setting their own risk controls.
Binance spot copy trading benefits for lead traders include:
- Ease of Use: Simple to sign up with no lengthy registration required.
- Revenue Sharing: 10% profit share and 10% commission rebate from followers.
- Largest User Base: Millions of potential copy traders to engage with.
- Regular Payouts: Payouts are sent weekly.
Binance spot copy trading benefits for copy traders include:
- Ease of Use: User-friendly interface makes copy trading easy.
- Learning: Leverage experience of lead traders to learn about trading strategies.
- Transparent: Lead trader performance metrics are readily available.
- Highly accessible: Market-competitive fee structure makes trading accessible.
Spot copy trading is available on the Binance website now for lead traders, and will be introduced on the Binance app gradually. Binance invites lead traders to start building up their portfolios and participate in a Lead Trading Tournament that will run from April 24 to May 8, 2024.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. All of your margin balance may be liquidated in the event of adverse price movement. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. Trading by following and/or copying the trades of other traders involves a high level of risk, even when following and/or copying the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. Copy trading is restricted in certain countries and to certain users. This content is not intended for users/countries to which restrictions apply. For more information, see our Terms of Use and Risk Warning.
About Binance.com
Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, decentralization and infrastructure solutions, and more.
For more information, visit: https://www.binance.com
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View original content:https://www.prnewswire.co.uk/news-releases/binance-expands-automated-strategy-trading-tools-announces-spot-copy-trading-302124499.html
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Unveiling Key Insights from Day Two of The London Blockchain Conference
As the inaugural London conference continues into day two, attendees heard from industry experts on Reducing Risk & Improving Trust with Blockchain.
LONDON, May 22, 2024 /PRNewswire/ — The London Blockchain Conference continued to captivate attendees with yet another day filled with informative and thought-provoking speakers. The discussions revolved around crucial topics such as regulatory frameworks for Digital Currencies, enabling the growth of blockchain and Blockchain Venture Capital.
Today we heard from Steven Bartlett, Entrepreneur, Investor and Author of “The Diary of a CEO”, who kickstarted Day 2 with a fireside chat with Mark Lobel from the BBC. He delved into how B2B enterprises can adapt, thrive, and stay ahead in an ever-changing marketplace. The session highlighted the dynamic landscape of B2B interactions in the digital era, exploring innovative strategies, emerging trends, and invaluable insights to empower businesses for success.
Other sessions included:
- Universal Plastic and Next-Gen Verification: Blockchain, AI, and Social Engagement – Alvaro Bravo, CEO of Universal Plastics, discussed how technologies like Blockchain and AI revolutionise verification processes, making them user-friendly and accessible to all and how the Universal Plastic initiative is a prime example of how these technologies can draw corporate interest and promote environmental responsibility.
- The Role of Governments in Fostering Innovation – A distinguished panel including Dean Armstrong KC from Maitland Chambers, Alun Cairns MP of UK Parliament, Tom Spiller, Legal Director (Rosenblatt), Stefan Kromolicki from APCO, Mayor Hillary Schieve from City of Reno, and Elizaveta Palaznik, Independent Consultant, discussed whether effective policymaking and government intervention can catalyse growth and societal progress or if the market should determine its destiny.
- Currency of Tomorrow: Navigating the Future of Money – This session featured insights from Amarachi Amaechi, Co-founder at Bitpowr Technologies Inc, Kaj Burchardi, Head of Emerging Technology at Boston Consulting Group, Vincent Mele, Founder at Otranto, Blake O’Donnell, Partner at Punter Southall Law, and Simit Naik, Director, Commercial & Strategy at nChain. They dissected emerging trends, technological innovations, and regulatory dynamics shaping the next era of monetary systems.
- Navigating the Academic Landscape of Blockchain Research: Opportunities, Challenges, and Collaborative Initiatives – Alessio Pagani, Research Director at nChain, dived into the latest blockchain research within academia, examining the opportunities, challenges, and real-world impacts stemming from blockchain innovation in higher education.
- Monetizing Strategies for Content in Web3 – This session featured Utkarsh Amitabh, CMO, at 5ire, Anuradha Chowdhary, Founder of ZeroTo3 Collective, Tony Mugavero, CEO of Rad, and Sunny Jiang, Founder of MaasDAO, who presented innovative strategies for content creators to thrive in the decentralized, blockchain-powered ecosystem of Web3. They discussed how Web3 technologies can revolutionize content creation economics, enabling them to establish new revenue streams and engage with their audiences in novel ways.
- Breaking Barriers: Paving the Way for the UK to Emerge as a Global Digital Asset and Emerging Tech Hub – Professor Naseem Naqvi MBE, President of British Blockchain Association, Sean Kiernan, Founder of Greengage, and Marcus Foster, Head of Policy Campaigns at Startup Coalition, dissected the puzzle pieces required for the UK to lead the global tech race.
- Mining and Transaction Processing: How Mining Will Evolve Post-Halving – Jim Niemeijer Partner at Pantheon, Kurt Wuckert Jr, Chief Bitcoin Historian and Co-Founder of GorillaPool, and Jacopo Gil Casas, VP Business Development & Strategy, CS Global Energy explored the upcoming Bitcoin halvening event’s impact on miner profitability. They discussed Bitcoin mining economics, the difference between mining subsidies and transaction fees, and why mining operations need to turn into transaction processors to compete in the future.
- Block Dojo Global Venture Builder – the audience heard from two lively speakers who demonstrated Blockchain use cases driving value today. The first was Michael Olagunju, CEO of ExamSolutions – the multi-modal AI learning platform. Michael discussed ExamSolution’s unique B2C and enterprise offering for STEM-based learning, via an AI model which captures a student’s responses as they’re written, and offers feedback in real-time. Today, the company is amongst the world’s largest online exam preparation providers, with over 4,000 video tutorials and live streaming support. Next up was Robin Russel, co-founder of Satva Trust – the ClimateDataTech company leveraging blockchain technologies to drive decarbonisation. Satva provides independent data on ship emissions and fuel consumptions, enabling global benchmarking across the world’s fleet in real-time.
- Best Practices For Enterprise Blockchain Adoption: Tibor Mérey – MD and Partner at Boston Consulting Group – discussed why he remains bullish on Web and Blockchain. Tibor shared lessons from 150+ blockchain and web3 projects BCG has done in the enterprise space. He outlined the four burning questions any blockchain or web3 project needs to answer: i) Does it matter? ii) Will it work? iii) Can we win? iv) Will it grow?
Please register here if you would like to attend or listen to any of the sessions today.
About the London Blockchain Conference
NETWORK. LEARN. ENGAGE.
At the London Blockchain Conference, we show how Blockchain will change the world and help people see another way to manage data, build scalable on-chain solutions and achieve great things. We do this by creating valuable, insightful, and engaging events that educate and inform, allowing you to connect and network to build strong business relationships. Our conference is the best avenue to see blockchain innovations, ecosystem announcements, product launches, technology updates, keynote speeches, panels, and fireside chats from blockchain leaders. Join us and experience it for yourself.
View original content:https://www.prnewswire.co.uk/news-releases/unveiling-key-insights-from-day-two-of-the-london-blockchain-conference-302153318.html
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