Binance proudly introduces Spot Copy Trading, allowing users to replicate the trading strategies of seasoned traders. This feature, similar to the one launched for Binance Futures in October 2023, enables spot traders to buy and sell cryptocurrencies at current market prices, unlike futures trading which often involves leverage.

According to Binance’s May 15, 2024 tweet, users can now copy the actions of up to ten traders simultaneously, receiving a 10% discount on trading commissions and 10% of their copy traders’ profits. The recommended portfolio size for experienced traders ranges from $500 to $250,000, with a maximum of 200 copy traders per portfolio.