BingX Unveils Copy Trading 2.0: Enhanced User Control, Transparency, and Flexibility

BingX launches Copy Trading 2.0, a major upgrade to its popular social trading system. The new version offers users greater control, transparency, and data-driven decision-making. Features include dedicated sub-accounts, optimized logic with clear calculations, and unified data for greater transparency. The upgrade aims to empower users with more intuitive access to trading data and improved risk management tools.

BingX, a leading cryptocurrency exchange and Web3 AI company, has introduced Copy Trading 2.0, a significant upgrade to its popular social trading system. This new version aims to empower users with greater control, transparency, and data-driven decision-making. The upgrade includes several innovative features designed to simplify the trading experience and enhance risk management tools.

One of the key enhancements is the introduction of dedicated sub-accounts for each follower. These sub-accounts streamline trade and fund management, allowing users to keep their trades organized. Additionally, the system now automatically mirrors the trader's leverage and margin mode, enabling followers to replicate trades with the exact same settings for a more accurate and consistent copy trading experience [1].

The new system also features optimized logic with clear calculations. This means that multiple open orders can automatically merge into one, making it easier to calculate profits and losses accurately. The system ensures clear one-to-one matching between opening and closing positions, resulting in a more flexible and straightforward process that reduces errors and simplifies trade management [1].

A significant improvement in Copy Trading 2.0 is the unified data system. All copy trading data now comes directly from perpetual futures accounts, ensuring consistency and accuracy across the board. Both traders and followers' account assets, positions, balance records, and trading histories are aligned with real-time futures data. This unified data system allows users to track performance more effectively, providing transparency and boosting confidence in their risk management and profitability analysis [1].

Vivien Lin, Chief Product Officer of BingX, commented on the upgrade, stating, "A cleaner interface with improved data tracking and a fairer system benefits both traders and their followers. Copy Trading 2.0 is a direct response to user feedback. We’ve always believed in our user-first vision and listening to our community. There are plenty of additional upgrades like more flexible trial funds for users to explore as they engage with the platform. Our goal is to continuously evolve and provide the best tools to support our users’ crypto trading journey" [1].

BingX, founded in 2018, serves a global community of over 20 million users. With a comprehensive suite of AI-powered products and services, including derivatives, spot trading, and copy trading, BingX caters to users across all experience levels, from beginners to professionals. The company is committed to building a trustworthy and intelligent trading platform, empowering users with innovative tools designed to enhance performance and confidence [2].

References
1. [1] https://www.prnewswire.com/news-releases/bingx-introduces-copy-trading-2-0-greater-control-transparency-and-flexibility-302480107.html
2. [2] https://bingx.com/en/