This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
As part of its risk control measures, Binance Futures Copy Trading has upgraded the Cooling Period for lead trader public portfolios.
Effective from 2024-10-14 08:00 (UTC), the system will cancel all open orders and close all open positions at market price for lead trader public portfolios with both of the following criteria:
AUM (Assets Under Management) ≥ 500,000 USDT and
7-Day MDD (Max Drawdown) is ≥ 20%
Note:
Once the open order and position has been canceled/closed, the trade function will be suspended for 24 hours.
The system will execute the check every two hours.
Lead trader public portfolios that have been triggered by this rule will not be checked again in the following seven days.
About Binance Futures Copy Trading
Futures Copy Trading allows users to copy experienced traders’ portfolios in real time. After determining the investment amount, the system will automatically copy trades from the lead traders’ portfolios that users select. Novice traders may familiarize themselves with the crypto market via Copy Trading, and build up their strategizing and trading techniques.
For More Information
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2024-10-16