Global crypto exchange OKX recently announced The new advancement in their Copy Trading tool now lets users seamlessly replicate top traders’ strategies in real-time across more than 120 spot trading pairs.
Keypoints
- By launching Spot Copy Trading, OKX lets users replicate the strategies of leading traders in real-time over 120+ spot trading pairs.
- This initiative enhances their existing Copy Trading functionality, which was previously exclusive to perpetual contracts.
- This feature brings traders greater flexibility and more possibilities by merging spot and perpetual market access.
- Lead traders can now claim up to a 13% share of the profits from successfully copied trades in these markets.
- Spot Copy Trading introduces unique elements like one-way and hedge modes, giving lead traders the choice to share trades selectively with invited users.
- The platform boasts over 8,000 seasoned lead traders available for imitation.
- In anticipation of the Spot Copy Trading introduction, OKX hosted competitions to spotlight eminent lead traders.
Previously, copy trading Earlier, this feature was restricted to perpetual futures contracts only, and by branching out to spot markets, traders can now utilize advanced strategies. This allows tapping into both spot and perpetual liquidity for richer asset diversity and more experimental strategies.
For those interested in the stability and robustness of spot markets, the new copy trading feature offers an ideal solution.
In providing copy trading on spot pairs, OKX stands out as a unique player among exchanges, giving traders special access to this feature.
The launch is a boon for lead traders as well. They stand to earn from mirrored trades across both market types, garnering up to a 13% cut on qualified copied trades, with 8,000 skilled lead traders on board offering a plethora of proven techniques.
OKX Copy Trading allows lead traders to tailor their trading by sharing trades solely with invited users, fostering more personalized partnerships. The offered one-way and hedge position modes enhance trader flexibility.
Leading up to the Spot Copy Trading release, OKX conducted several trading contests to pinpoint top lead traders. The selection criteria were based on copier growth, profit rate, and winning percentages to select traders who excel.
By opening up copy trading on OKX’s extensive spot markets, traders gain access to endless new possibilities. They can employ trusted techniques across both spot and perpetual pairs to diversify and increment their returns.
