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OKX launches Copy Trading tool, enables users to duplicate winning strategies from top traders

OKX Learn

Published on Jan 17, 2023

Updated on Apr 25, 2024

3 min read

- 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.

Disclaimer

This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.
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