BingX Launches Copy Trading 2.0 With Enhanced Control And Transparency

BingX, a global leading cryptocurrency exchange and Web3 AI company, has launched its perpetual futures Copy Trading 2.0, a major upgrade to its popular social trading system. This enhanced version is designed to empower users with greater control, transparency, and data-driven decision-making. With Copy Trading 2.0, BingX introduces a suite of powerful new features that simplify the trading experience, offering users more intuitive access to trading data, improved risk management tools, and enhanced flexibility when copying top traders.

One of the key features of Copy Trading 2.0 is the introduction of dedicated sub-accounts for each follower. These sub-accounts streamline trade and fund management, helping users keep their trades organized. 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. This feature ensures that followers can closely mimic the strategies of top traders, reducing the risk of discrepancies and enhancing the overall trading experience.

The new system also allows multiple open orders to automatically merge into one. This makes it easier to calculate profits and losses accurately, with clear one-to-one matching between opening and closing positions. The result is a more flexible, straightforward process that reduces errors and simplifies trade management. This optimization ensures that users can track their performance more effectively, providing transparency and boosting confidence in their risk management and profitability analysis.

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. This feature is particularly beneficial for users who rely on accurate data to make informed trading decisions.

“A cleaner interface with improved data tracking and a fairer system benefits both traders and their followers,” Vivien Lin, Chief Product Officer of BingX, added: “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.”

Founded in 2018, BingX is a leading crypto exchange and Web3 AI company, serving 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 the evolving needs of users across all experience levels, from beginners to professionals. Committed to building a trustworthy and intelligent trading platform, BingX empowers users with innovative tools designed to enhance performance and confidence. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports sponsorship.

Copy Trading 2.0 introduces several key improvements. Users now have the ability to customize their copy trading strategies more precisely, enabling them to tailor their investments to better align with their individual risk tolerance and financial goals. The platform has also enhanced its transparency features, providing users with clearer insights into the performance and strategies of the traders they choose to follow. This increased transparency helps users make more educated decisions about which traders to copy, thereby potentially improving their overall trading outcomes.

Additionally, the new version incorporates advanced data analytics, offering users access to comprehensive performance metrics and historical data. This data-driven approach allows users to analyze the past performance of traders and make more informed choices about whom to follow. The platform also provides real-time updates and notifications, ensuring that users are always aware of the latest developments and can adjust their strategies accordingly.

The introduction of Copy Trading 2.0 reflects BingX's commitment to innovation and user empowerment. By offering greater control, transparency, and flexibility, the platform aims to create a more user-friendly and efficient trading environment. This upgrade is expected to attract a broader range of users, from beginners to experienced traders, by providing them with the tools and information they need to succeed in the cryptocurrency market.

The enhanced copy trading feature is part of BingX's broader strategy to stay at the forefront of the cryptocurrency exchange industry. By continuously improving its platform and introducing new features, BingX aims to provide its users with the best possible trading experience. The introduction of Copy Trading 2.0 is a significant step in this direction, as it addresses some of the key challenges faced by users in the cryptocurrency market, such as lack of control, transparency, and data-driven decision-making.

In summary, BingX's Copy Trading 2.0 represents a major advancement in the platform's copy trading capabilities. By offering greater control, transparency, and data-driven decision-making, the new version aims to empower users and help them achieve better trading outcomes. This upgrade is expected to attract a broader range of users and solidify BingX's position as a leading global cryptocurrency exchange.