OKX launches Copy Trading tool, enables users to duplicate winning strategies from top traders
- Copy Trading allows users to view in-depth breakdowns of the trading habits of high-performing traders and replicate these strategies
- Experienced traders can earn passive income by becoming “lead traders”
VICTORIA, SEYCHELLES, JANUARY 17, 2023 – OKX, one of the world’s leading cryptocurrency platforms and Web3 technology companies, today launched its Copy Trading tool to its global user base on its Social Trading platform.
Copy Trading allows users to follow high-performing “lead traders,” receive real-time updates on their latest moves, and replicate trading strategies across more than 600 trading pairs.
Since May of 2022, OKX Social Trading has allowed users to view the portfolio breakdowns, transaction histories, PnLs and risk levels of high-performing traders.
Haider Rafique, Global CMO, OKX, said: “In the last year we have added a number of features that make it easy for new traders to follow or learn from other successful traders on the platform. Advancing social trading to include copy trading now adds more utility to the community of traders available to anyone on OKX. This feature is yet another way we believe we can help new traders to trade responsibly and manage risk while giving professional traders on our platform more ways to generate income”.
OKX Copy Trading also provides experienced and professional traders with a convenient way to monetize their trading strategies. When they become lead traders on OKX, high-performing traders receive a percentage of the profits they help their followers realize.
OKX lead traders had the below to say on their experience with OKX Copy Trading:
Kyledoops from Crypto Banter said, "One of the great things about OKX Social Trading is that it provides huge amounts of information on the lead traders and on their metrics and past performance hit rates. That gives the user the opportunity to make a very educated decision on if that trader is someone they want to align with or not."
Grey Jabesi from Crypto University said, “I like the control that OKX gives you in comparison to most other exchanges when it comes to Copy Trading. I like that copy traders can get in and out of a position whenever they want to, without waiting for the lead trader to close their position first. This gives them the flexibility to walk away with their money on their terms.”
Find out more on OKX Learn, or check out OKX Copy Trading.
© 2024 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2024 OKX and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2024 OKX.” No derivative works or other uses of this article are permitted.
Information about: digital currency exchange services is prepared by OKX Australia Pty Ltd (ABN 22 636 269 040); derivatives and margin by OKX Australia Financial Pty Ltd (ABN 14 145 724 509, AFSL 379035) and is only intended for wholesale clients (within the meaning of the Corporations Act 2001 (Cth)); and other products and services by the relevant OKX entities which offer them (see Terms of Service). Information is general in nature and should not be taken as investment advice, personal recommendation or an offer of (or solicitation to) buy any crypto or related products. You should do your own research and obtain professional advice, including to ensure you understand the risks associated with these products, before you make a decision about them. Past performance is not indicative of future performance - never risk more than you are prepared to lose. Read our Terms of ServiceTerms of Serviceand Risk Disclosure Statement for more information.
