OKX Exchange Rolls Out Enhanced Copy Trading Platform

Representatives from the well-known cryptocurrency exchange OKX have unveiled a major update to their copy trading platform. Now, users have the capability to seamlessly copy trades in real-time from top traders across 120 spot pairs. There are plans to expand the available tools in the future, broadening the scope of trading options.

Notably, copy trading was previously only accessible for perpetual contracts. This global update of the service will significantly expand trading opportunities for investors and provide more flexible risk management tools. Signal providers are set to receive rewards amounting to 13% of their subscribers' profits. Lead traders can now have up to 1500 followers on both futures and spot markets, offering substantial potential profits to successful traders.

Lennox Lai, the Chief Commercial Officer at OKX, commented on the comprehensive update. He stated, "We are thrilled to announce the launch of spot copy trading on OKX — a feature that enables the automatic replication of strategies from the most successful traders. The launch of spot copy trading further demonstrates OKX's commitment to becoming a leader in automated trading, emphasizing our dedication to constant innovation and enhancing user experience."

The copy trading system on OKX comes with a set of advantages that distinguish the platform from its competitors. It presents a unique tool offering a unidirectional mode and hedging for both spot and futures segments. Additionally, the exchange's clients can copy trades from over 8000 experienced signal providers equipped with a wide array of trading systems.

Recently, OKX also introduced the "Signal Trading" service, comprising a trading bot and a marketplace that brings together signal providers and traders. This service offers automatic strategies based on technical analysis, aiding in decision-making for cryptocurrency purchases or sales.