#Write2earn #BINANCE UNVEILS NEW TRADING TOOLS: FUNDING RATE ARBITRAGE BOT AND EXPANDED SPOT COPY TRADING #TradingBot #NewProduct
Binance, the leading crypto exchange, has expanded its offerings, now providing over 120,000 active trading strategies. Notably, over 70% of active Spot Copy Trading Lead Traders have achieved positive P&L. Binance unveiled two significant updates: the launch of the Funding Rate Arbitrage Bot and the full rollout of Spot Copy Trading to eligible users.
Binance's Trading Bots Marketplace offers diverse automated tools, including Grid Trading, Rebalancing Bot, Auto-Invest, and Dollar-Cost Averaging (DCA).
The Funding Rate Arbitrage Bot automates delta-neutral spot and futures arbitrage, enabling traders to earn funding fees by executing simultaneous trades on spot and perpetual futures contracts.
This bot simplifies trade execution across interfaces, offering two deployment options: Positive Carry and Reverse Carry. It will be available on the Binance website and app starting May 30.
Rohit Wad, Binance's Chief Technology Officer, highlights the platform's commitment to user feedback, offering efficient automation for arbitrage strategies.
Spot Copy Trading, initially introduced to Lead Traders in April, will be fully accessible to eligible users starting May 15, allowing them to follow and replicate portfolios of Lead Traders.
