Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ADOPTION NEWS»Binance Strengthens Cooling Period for Futures Copy Trading Portfolio
ADOPTION NEWS

Binance Strengthens Cooling Period for Futures Copy Trading Portfolio

By Crypto FlexsOctober 21, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Binance Strengthens Cooling Period for Futures Copy Trading Portfolio
Share
Facebook Twitter LinkedIn Pinterest Email

Ted Hisokawa
October 16, 2024 08:08

Binance has implemented an upgraded cooling-off period for lead trader portfolios in its futures copy trading feature to strengthen risk control measures.





In a strategic move to strengthen its risk management framework, Binance announced a cooling-off period upgrade for its Futures Copy Trading Lead Trader portfolio. According to Binance, this adjustment is part of the platform’s ongoing efforts to enhance the security and reliability of its trading services.

New Actions for Lead Trader Portfolios

Starting October 14, 2024, Binance will implement a cooling-off period for open portfolios of leading traders that meet certain criteria. For portfolios with AUM (assets under management) above 500,000 USDT and 7-day maximum drawdown (MDD) above 20%, all open orders will be canceled and positions will be closed at market price. After this action, trading functions will be suspended for 24 hours.

The system performs a check every two hours to identify portfolios causing these conditions. Once a portfolio is subject to this rule, it will not be reviewed again for 7 days.

Understanding Futures Copy Trading

Binance’s Futures Copy Trading feature allows users to replicate the trading strategies of experienced traders. By selecting a portfolio to follow, users can automatically mirror trades in real time and potentially benefit from the strategies of seasoned market participants. This service is especially useful for novice traders who want to gain insight into cryptocurrency market dynamics and develop their trading skills.

Implications and Advice

Although the cooling-off period aims to protect users through risk management, Binance advises investors to be aware of the risks associated with copy trading. The platform emphasizes that past performance is no guarantee of future results and encourages users to make informed decisions based on their financial situation and risk tolerance.

Binance continues to emphasize the importance of responsible trading and provides resources to help users understand the complexities of digital asset trading. The company is committed to providing a safe trading environment while adjusting its policies to meet the changing needs of its user base.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025

Algorand (Algo) Get momentum in the launch and technical growth.

July 14, 2025

It flashes again in July

July 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit And Tether Launch Strategic Partnership To Accelerate Crypto Adoption In Brazil

July 25, 2025

Remittix Presale Raises $17M After Revealing Next-Gen Web3 Wallet Beta Launch Date

July 25, 2025

Pioneering Real-World Asset Tokenization In The U.S. Market

July 25, 2025

How to travel to the world with encryption wallet?

July 25, 2025

LFG… Launches AI Alpha Pilot For Meme-Coin Hunters

July 24, 2025

Zircuit Launches AI Trading Engine For Lightning-Fast, Cross-Chain Trading

July 24, 2025

Bybit Card Celebrates Two Million Users With Limited-Edition Collectible And 1 BTC Giveaway

July 24, 2025

MemE Coin PEPETO, based on Ether Leeum, has exceeded $ 5.5 million in pre -sales.

July 24, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025

Big Bob Slot -Self -There fish, bite wins!

July 23, 2025

XRP Holders Multiply Wealth 10X – Safely & Fast

July 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bybit And Tether Launch Strategic Partnership To Accelerate Crypto Adoption In Brazil

July 25, 2025

Remittix Presale Raises $17M After Revealing Next-Gen Web3 Wallet Beta Launch Date

July 25, 2025

Pioneering Real-World Asset Tokenization In The U.S. Market

July 25, 2025
Most Popular

DOJ indicts cryptocurrency exchange operator for Silk Road money laundering

October 29, 2024

ETF leaks exit the bitcoin bull cycle.

February 20, 2025

Avalanche clarifies implications of Durango network upgrades

February 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.