Influencing BB, TNSR and ONDO, Binance Futures Copy Trading Expands with New USD-M Contracts

Binance,
one
of
the
leading
cryptocurrency
exchanges,
has
announced
the
addition
of
new
USDⓈ-M
contracts
to
its
Futures
Copy
Trading
platform.
This
expansion
aims
to
provide
users
with
more
options
for
diversifying
their
trading
strategies.
The
new
contracts
will
be
available
from
June
11,
2024,
at
08:00
(UTC),
according
to
Binance.

Understanding
Binance
Futures
Copy
Trading

Binance
Futures
Copy
Trading
allows
users
to
mirror
the
trading
strategies
of
experienced
traders
in
real-time.
This
feature
is
designed
to
help
novice
traders
gain
insight
into
market
dynamics
and
develop
their
own
trading
techniques
by
following
seasoned
professionals.
Users
can
select
lead
traders
and
allocate
funds
to
automatically
replicate
their
trades,
making
it
easier
for
newcomers
to
participate
in
the
crypto
market.

New
USDⓈ-M
Contracts

The
addition
of
new
USDⓈ-M
contracts
is
expected
to
enhance
the
platform’s
appeal
by
offering
more
trading
pairs
and
opportunities.
These
contracts
are
settled
in





USDT,
providing
a
stable
and
widely
used
currency
for
traders.
With
the
expansion,
Binance
aims
to
cater
to
a
broader
audience,
including
those
who
are
new
to
trading
and
looking
for
reliable
strategies
to
follow.

Risk
and
Disclaimer

Binance
has
issued
a
disclaimer
noting
the
high
risks
associated
with
trading
digital
assets.
The
platform
emphasizes
that
users
are
solely
responsible
for
their
investment
decisions
and
should
only
invest
in
products
they
fully
understand.
Binance
advises
users
to
consult
independent
financial
advisors
to
assess
their
investment
experience,
financial
situation,
and
risk
tolerance
before
engaging
in
copy
trading.

Additionally,
the
exchange
cautions
that
past
performance
of
traders
is
not
indicative
of
future
results,
and
copying
trades
involves
significant
risk.
Detailed
information
about
responsible
trading
practices
is
available
on
Binance’s

Responsible
Trading
page.

For
more
details,
visit
the

official
announcement
on
Binance.

Image
source:
Shutterstock

.
.
.

Tags