OKX has announced a new feature labeled “Copy Trading” in a move to “overhaul the trading experience.”
Copy Trading is a tool that enables Social Trading. Users can follow high-performing traders and replicate their trades in new real-time.
OKX states that there is a common misconception that crypto traders only make money during bull markets. OKX states that experienced traders are able to make money out of even minute movements in the market. Copy Trading, which allows all users to mirror the trading strategies of professional and experienced traders.
Haider Rafique, Global CMO of OKX, commented:
“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.”
Utilization benefits the other side as well because lead traders on OKX receive a percentage of the profits they help their followers realize.
Seychelles-based OKX’s crypto exchange is one of the largest trading platforms in the world by volume.