SINGAPORE, Sept. 4, 2023 /PRNewswire/ -- BingX, one of the world's leading cryptocurrency exchanges, has announced that it is introducing Copy Trading functionality to spot trading to further strengthen its trading ecosystem. In this way, BingX users will be able to replicate trading orders made by experienced traders, giving them a convenient and efficient variant of spot trading.
Copy Trading is a way of trading the cryptocurrency market in which investors can automatically copy the strategies and orders of experienced traders. The functionality became popular as it allows less experienced traders to benefit from the expertise of experts without having to actively manage their own trades. Until now, BingX offered copy trading services solely for futures trades.
Spot Copy Trading operates on real-time spot orders from traders, allowing users to effortlessly follow these orders, including popular trading pairs such as BTC/USDT and ETH/USDT. Users can view the profiles of the traders, choose the one that suits their preferences based on their profit and loss, ranking and trading portfolio; and then watch the trades being executed for potential profit. This streamlined procedure ensures accessibility for traders of all levels to place spot trades with precision and ease.
Elvsico Carrington, Director of Public Relations and Communications at BingX, highlighted: "Our expansion of the Copy Trading feature to spot trading aligns with our commitment to innovation and user-centric solutions. This time we are further bridging the gap between traders and experienced users, fostering a collaborative trading environment.By introducing spot copy trading, BingX has once again reaffirmed its dedication to providing users with more offerings that foster success, growth and driven trading practices. for the community."
As a pioneer in cryptocurrency copy trading, BingX has amassed over 8,000 professional traders with around 4 million followers and has executed 130 million copy trading orders. The success achieved by BingX in futures copy trading generates great expectations for the introduction of the functionality in spot trading.
About BingX
BingX is one of the leading cryptocurrency exchanges that offers spot trading, derivatives, copy trading and grid trading services; to more than 100 countries and regions worldwide, with more than 5 million users. BingX continues to connect users with expert traders and the platform in a secure and innovative way. Visit BingX at www.bingx.com/es-es/
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