Basic conclusions

  • Copy trading for Binance Futures allows users to automatically copy the trades of experienced traders (master traders), simplifying the learning and investing process.

  • The new Discover feature simplifies finding and following the best leading traders through an easy-to-use swiping interface. Users can now navigate through trader profiles more quickly and easily.

  • Detailed portfolio metrics enable users to study strategies in depth while a mock trading option enables users to practice copy trading in a realistic virtual learning environment.

This is a public announcement. The products and services referenced here may not be available in your area.

At Binance, we're obsessed with making trading easier and more efficient. One recent feature that we pride ourselves on for its simplicity and effectiveness is futures copy trading, which allows users to mimic the strategies of more experienced traders.

Accordingly, we are pleased to introduce Discover, a new tool designed to make futures copy trading even more user-friendly. This update simplifies the process of finding and following the best leading traders with an incredibly easy-to-navigate “Swipe & Discover” interface. 

The launch of Discover underscores our commitment to enhancing user experience by providing direct access to expert trading insights. Read on to learn more about this easy-to-use tool to explore and interact with the world of cryptocurrency futures!

What is copy trading for futures?

Copy trading is a feature of Binance Futures, and allows users to automatically copy the trades of more experienced traders (lead traders). Here's how it works: When a master trader places a trade, the same trade is copied into the account of the person who chose to copy it, based on a proportional investment size. This means that if the master traders make profits, the copy trader will also make profits (and vice versa for losses). 

This is particularly attractive to those traders who are new to futures trading or those looking to benefit from the experience of experienced traders without having to spend a significant amount of time researching and executing trades themselves. It is a practical way to learn by observing the decisions of experienced traders in real time. For a more detailed exploration of copy trading and its advantages, please refer to our Introductory Blog. 

The need for innovation in copy trading

Since we launched copy trading in October 2023, we've noticed a particular challenge for new users: the sheer amount of information available! With countless master traders to choose from, it can take a long time to identify the traders with the skills and proven track records that best meet a user's preferences. This barrier is exacerbated if the interface is not as user-friendly as possible, making the process of choosing a lead trader more difficult than it needs to be. 

Information is crucial when it comes to trading digital assets, and users need clear and concise information to make choices that align with their goals. Recognizing these challenges, we felt there was a need to modernize our copy trading solution with a simpler selection process, prioritization and improved user experience.

Announcing Discover: Helping you find the best master traders

The Discover Futures Copy Trading feature is designed to make it easier for users to connect with top crypto traders. The Discover feature simplifies the process of finding top traders to follow, using an incredibly easy-to-use and straightforward interface. 

Through a simple scrolling mechanism, users can browse the profiles of key traders quickly and easily. Swiping right adds a key trader to your favourites, making it easy to return to their profile later, while swiping left takes you to the next profile. 

This user-friendly interface makes exploring profiles fun and informative, encouraging users to actively discover and learn about different strategies and performances.

The Discover feature also makes it easy to view detailed portfolio metrics for each major trader. Users can view performance history, trading strategies, risk management practices, and much more, all aimed at providing a transparent and informative overview. This allows users to make more accurate decisions about which trader to copy, based on important data.

Finally, users should note that this enhanced integration allows them to easily click [Copy] to test with virtual funds or click [Copy] to trade directly. Mock Trading allows users to practice copy trading in a realistic virtual educational environment without investing real money. 

Step-by-step guide: How to use Discover

Using the Discover feature on Binance Futures is simple. Here's a step-by-step guide to get started:

1. Log in to Binance Futures (on mobile): This feature is designed for mobile, so the first thing you need to do is access your Binance account via your mobile device. Then move to the futures section. Make sure you have the necessary knowledge to engage in futures trading.

2. Access the “Discover” feature: Find the “Discover” feature at the bottom of the copy trading home page. They are clearly marked and easy to find.

3. Start scrolling: Once you enter the Discover feature, you will see the profiles of key traders. Swipe right if you're interested in learning more about them or following their trades. Or swipe left to move to the next trader.

4. Use mock trading or copy trading: Within a trader's investment portfolio, you have options to engage in mock trading with virtual money or start copy trading directly. Mock trading is a great way to practice without exposure to financial risks.

5. Manage your favorites: Traders whose profiles you swipe right are added directly to your favorites. You can revisit these profiles at any time to review or modify your copy trading options.

By following these steps, you can effectively navigate the Discover feature, and make informed decisions about which traders 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 making the trading experience easier, intuitive and efficient for everyone, from beginners to seasoned investors. Discover is another step forward on this journey, offering a more user-friendly way to engage with copy trading.

Our vision for the future of trading goes beyond simply introducing new features. We are committed to creating an ecosystem driven by the needs and feedback of our community. We invite you to be part of this process. Your feedback and suggestions are invaluable to us and we strive to develop features that truly meet your needs. 

Concluding thoughts

We encourage you to explore copy trading through Discover and see first-hand how it can transform your experience. Whether you're new to futures or looking to diversify your strategies, Discover provides you with tools that make it easier to gather information and connect with traders in the cryptocurrency community. Stay tuned for ongoing updates as your feedback continues to help shape the future of trading on Binance. 

Disclaimer: Digital asset prices are subject to high market risk and price fluctuations. The value of your investment may increase or decrease, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not responsible for any losses you may incur. You should only invest in products that you are familiar with and understand the risks associated with them. You should consider your investment experience, financial situation, investment objectives and risk tolerance, and seek advice from an independent financial advisor before making any investment. Trading based on following, copying and/or imitating the trades of other traders involves a high level of risk even if you are following, copying and/or emulating the best performing traders. These risks include your following or imitating the trading decisions of potentially inexperienced or unprofessional traders or traders whose purpose, primary purpose or financial situation is different from yours. Past performance is not a reliable indicator of a trader's future performance. There is no relationship between the top performing traders and Binance. There is no guarantee of performance or results. The content of this platform does not include any advice or recommendations. The information provided here should not be construed as financial advice. For more information, see Terms of Use, Risk Warning and Responsible Trading Policy.