Binance Rolls Out Five New Features for Spot Copy Trading

Platform Adds Auto-Invest, Mock Copy Trading, and Expanded Transparency ToolsBinance has introduced five new features to its Spot Copy Trading platform, aiming to enhance user control, transparency, and accessibility. The update comes as copy trading continues to gain traction, particularly among newer participants in the crypto market.According to Binance, the number of Spot Copy Trading portfolios has grown more than 52 times over the past year, as users increasingly look to replicate the strategies of more experienced traders.New Features IntroducedAuto-Invest IntegrationThe new Auto-Invest feature allows users to automatically copy trades from selected Lead Traders. Users can set parameters such as investment amount, copy frequency, and stop-loss thresholds. Once configured, trades are mirrored automatically without the need for manual input.Lead Trader Comparison ToolA comparison tool has also been added, allowing users to evaluate Lead Traders based on a range of metrics including return on investment (ROI), win rate, total profit and loss, and number of current followers. The tool is intended to help users make more informed decisions when selecting portfolios to copy.Mock Copy TradingTo support risk-free learning, Binance now offers Mock Spot Copy Trading, enabling users to simulate trades using virtual funds. Up to 10 mock portfolios can be tracked simultaneously. While these portfolios do not involve real assets, users can observe how strategies perform in real time.Order TransparencyA new Failed Orders tab has been added to improve transparency. In addition to active and completed trades, users will now be able to see which trades did not execute and why, giving more visibility into overall portfolio performance.Private Portfolios for Lead TradersBinance has also introduced the option for Lead Traders to create invite-only portfolios. This allows them to restrict access to certain trading strategies, which may be useful for those managing private communities or offering premium trading content.