Important notes
Copy trading on Binance Futures simplifies the learning and investing process by allowing users to automatically copy the trades of experienced traders (Lead Traders).
Our new “Discover” feature makes it simple to find and follow top Lead Traders with an intuitive swipe interface. Users can now navigate through investor profiles more quickly and easily.
Detailed portfolio metrics allow users to dive into strategies, while the test trading option allows users to copy trade in a realistic virtual learning environment.
This is a general announcement. The products and services mentioned here may not be available in your region.
At Binance, we strive to make trading more accessible and efficient. A new feature that we are proud of for its simplicity and effectiveness is Futures Copy Trading, which allows users to copy the strategies of more experienced traders.
Building on this, we are pleased to introduce "Discover", a new tool designed to make Futures Copy Trading even easier to use. This update makes it easier to find and follow top Lead Traders with an incredibly easy-to-navigate “Scroll & Explore” interface.
The launch of “Discover” proves that we are committed to improving the user experience by providing direct access to trading insights from experts. Read on to learn more about this intuitive tool for exploring and interacting with the world of crypto futures!
What is Futures Copy Trading?
Copy trading is a Binance Futures feature that allows users to automatically copy trades of more experienced traders (Lead Traders). The process works as follows: When the Lead Investor makes a transaction, the same transaction is copied in the account of the person who chose to copy this investor, in proportion to the investment size. This means that if the Lead Trader makes a profit, the user who copies him will also make a profit (if he loses, he will suffer a loss).
This particularly appeals to those new to futures trading or those who want to benefit from the expertise of experienced traders without having to spend time researching or executing their trades themselves. It is a practical way to learn by observing the decisions of experienced investors in real time. For more information about copy trading and its benefits, you can read our blog on this topic.
The Need for Innovation in Copy Trading
Since we launched copy trading in October 2023, we have noticed one thing that challenges new users: too much information available! While there are countless Lead Traders to choose from, it can take a long time for users to identify those with the skills and track record that best suit their preferences. This obstacle is further compounded by the fact that the interface is not as user-friendly as possible, making the process of selecting a Lead Investor more difficult than it should be.
When it comes to trading digital assets, being informed is crucial and users need clear information to make choices that suit their goals. Recognizing these challenges, we felt the need to update our copy trading solution with a more streamlined selection process that prioritizes and improves user experience.
We Help You Find the Best Leading Investors with "Discover"
The futures copy trading “Discover” feature is designed to make it easier for users to connect with the best traders in crypto. “Discover” simplifies the process of finding Leading Traders to follow with an extremely simple and user-friendly interface.
Users can quickly and easily browse Lead Investor profiles with a simple scrolling mechanism. You can add Leading Trader to your favorites by swiping right so you can easily return to the user's profile later. Swiping left moves you to the next profile.
This intuitive interface makes exploring profiles engaging and informative, encouraging users to actively explore and learn different strategies and performances.
The “Discover” option also makes it easy to view detailed portfolio metrics for each Lead Investor. For a transparent and informative overview of investors, users can view performance history, trading strategies, risk management practices and much more. This allows users to make more informed decisions about who to copy based on the most important data.
Finally, this advanced integration allows users to easily click [Test] to test with virtual funds or [Copy] to trade directly. Test Trading allows users to copy trade in a realistic virtual learning environment without investing real money.
Step-by-Step Guide: How to Use "Discover"
It is very easy to use the "Discover" option in Binance Futures. You can start using this feature by following the simple step-by-step guide below:
1. Log in to Binance Futures (on mobile): This feature is designed for mobile devices, so first access your Binance account on your mobile device. Then go to the Futures section. Make sure you meet the requirements to trade futures.
2. Access the “Discover” option: Find the “Discover” feature at the bottom of the Copy Trading home page. This feature is located on the page in a way that you can easily find it.
3. Start Scrolling: Once you enter the “Discover” section, you will see the profiles of leading investors. If you want to learn more about the investor or are interested in following the investor's transactions, swipe right. Swipe left to move on to the next investor.
4. Use Test Trading or Copy Trading: While in an investor's portfolio, you can choose to test trade with virtual funds or start copy trading directly. Test trading is a great way to practice without taking any financial risk.
5. Manage Your Favorites: Traders you swipe right are added to your Favorites. You can revisit these profiles at any time to review or edit your copy trading preferences.
By following these steps, you can effectively navigate “Discover” and make informed decisions about who to follow and learn from on Binance Futures.
Beyond "Discover": Our Vision for the Future of Trading
The launch of Discover reflects our commitment to continuous innovation. We want to continue to make the trading experience more accessible, intuitive and efficient for everyone, from beginners to experienced traders. The "Discover" feature is a new step forward, offering a much more user-friendly way to copy trade.
Our vision for the future of trading goes beyond just delivering new features. We are committed to creating an ecosystem based on the needs and feedback of our community. We invite you to be a part of this process. Your feedback and suggestions are very valuable to us as we strive to develop features that fully meet your needs.
Final Notes
We encourage you to explore Copy Trading via “Explore” and see first-hand how it can transform your experience. Whether you're just starting out in futures trading or looking to diversify your strategies, "Discover" offers tools that make it easy to gather information and connect with investors in the crypto community. Stay tuned for updates as your feedback continues to shape the future of trading on Binance.
Additional Reading
Disclaimer: Digital asset prices involve high market risk and may fluctuate. The value of your investment may decrease or increase and you may not get back the amount you invested. You are responsible for your investment decisions and Binance accepts no liability for any losses incurred. You should only invest in products that you know about and understand the risks. Before making any investment you should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and seek advice from an independent financial advisor. Trading by following and/or copying or repeating the trades of other investors involves a high level of risk, even when following and/or copying the best performing traders. Such risks include the risk of following/copying the trading decisions of possibly inexperienced/unprofessional investors or investors whose ultimate goals or intentions or financial situations may differ from yours. Past performance is not a reliable indicator of future performance. There is no relationship between top performing traders and Binance. No guarantees are made regarding performance and results. The content on our platform does not contain advice or recommendations. This material should not be construed as investment advice. For more information, please see our Terms of Use, Risk Warning and Responsible Trading Policy sections.
