Binance adds 50 new cryptocurrencies for spot copy trading, including Notcoin, Axie Infinity, Immutable, 1inch Network, and Astar.
Binance, the largest cryptocurrency exchange in the world, made the announcement on Wednesday that it would be listing fifty new cryptocurrencies for spot-copy trading. Binance is going to add a number of popular cryptocurrencies, such as Notcoin (NOT), Axie Infinity (AXS), Immutable (IMX), 1inch Network (1INCH), and Astar (ASTR), amongst others.
Spot copy trading allows users to automatically duplicate experienced and professional traders’ real-time spot trading tactics. This allows users to evaluate performance measures such as return on investment (ROI), profit and loss (PnL), and other metrics of each trader’s portfolio.
As an additional bonus, it provides lead traders with the potential to earn a 10% profit share from their copy traders, as well as 10% commissions from the trading fees of their copy traders, in addition to receiving other advantages.
Binance Adds 50 Spot Copy Trading Pairs
Binance, a cryptocurrency exchange, made an official release on June 5 stating that it is increasing the number of cryptocurrencies that are available for spot copy trading in order to improve the overall experience for its consumers.
At 08:00 UTC on June 7, 2024, users will be able to begin trading popular cryptocurrencies like Notcoin (NOT), Axie Infinity (AXS), Immutable (IMX), 1inch Network (1INCH), and Astar (ASTR), amongst others.Binance currently lists the following cryptocurrency pairs: 1INCH/USDT, BEAMX/USDT, ONT/USDT, SUSHI/USDT, ACH/USDT, BNX/USDT, IOST/USDT, PHB/USDT, TNSR/USDT, ADX/USDT, CELO/USDT, IOTA/USDT, POLYX/USDT, TRB/USDT, API3/USDT, ELF/USDT, LPT/USDT, RDNT/USDT, TRU/USDT, ASTR/USDT, ENJ/USDT, and MI NA/USDT.Additionally, REZ/USDT, UMA/USDT, FRONT/USDT, NFP/USDT, ROSE/USDT, VANRY/USDT, AXL/USDT, GAL/USDT, NOT/USDT, RSR/USDT, WOO/USDT, AXS/USDT, HIFI/USDT, OCEAN/USDT, SANTOS/USDT, XAI/USDT, BAKE/USDT, HIGH/USDT, OGN/USDT, SNX/USDT, XTZ/USDT, BB/USDT, ID/USDT, OMNI/USDT, STG/USDT, and ZIL/USDT are some of the other pairs that are available.
In the middle of May, the cryptocurrency exchange officially launched spot copy trading in response to the enormous demand from clients. This came following the successful roll-out of futures copy trading in the previous year.As a result of traders booking profits, the price of NOT has decreased by 8% over the course of the previous twenty-four hours, and it is presently trading at $0.02264.
The low for the 24-hour period is $0.02146, and the high for the same period is $0.02644. Furthermore, the trading volume has risen by 24% over the previous twenty-four hours, which indicates that traders are interested. Notcoin is a new game that is based on Telegram, and it has immediately captured the attention of market participants.
In this game, users earn NOT tokens by tapping a virtual coin and fulfilling tasks. Recently, the coin’s trading volume even exceeded that of the USDC stablecoin trade. The analysts are of the opinion that Notcoin can still have additional upward momentum until demand begins to decrease.