This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Futures Copy Trading will adjust the Cooling Period rules for lead trader public portfolios, effective from 2024-11-11 08:00 (UTC).
Under the new rule, the Cooling Period function will only be limited to the suspension of the trade function for 24 hours and will no longer include cancellation and closure of any open orders or open positions.
Cooling Period Function before the adjustment:
The system will cancel all open orders.
The system will close all open positions with market price.
Trade function will be suspended for 24 hours.
Cooling Period Function after the adjustment:
Trade function will be suspended for 24 hours.
Note:
Cooling Period will be applied to public portfolios with AUM (Assets Under Management) ≥ 500,000 USDT and 7-Day MDD (Max Drawdown) ≥ 20%.
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.
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.
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
2024-11-11
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
Find us on
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. Trading by following and/or copying or replicating the trades of other traders involves a high level of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Past performance is not a reliable indicator of his/her future performance. Content on our platform does not contain advice or recommendations. This material should not be construed as financial advice. To learn more about how to protect yourself, visit our Responsible Trading page. Copy trading is restricted in certain countries and to certain users. This content is not intended for users/countries to which restrictions apply. For more information, see our Terms of Use and Risk Warning.
