Cryptocurrency Exchange Coin has launched a futures product replication trading function in selected markets. This new feature aims to simplify the trading process by allowing users to imitate the strategies and investment portfolios of experienced or "leading" traders
Cryptocurrency Exchange Coin has launched a futures product replication trading function in selected markets. This new feature aims to simplify the trading process by allowing users to imitate the strategies and investment portfolios of experienced or "leading" traders.
Users registered with Coin Security can act as both tracking traders and lead traders. When a follower chooses to trade with a leading follower, the latter will receive a 10% profit share.
Documentary traders can simultaneously track up to 10 major traders and determine their own risk preferences, such as stop gains/losses, leverage levels, and margin allocation outlined by the exchange.
Coin An emphasized in a statement the potential of replication trading functionality in enhancing its participation in the trading community. A spokesperson for the exchange said, "We believe that replication trading lowers the threshold for entering cryptocurrencies and helps increase social engagement within the community
Coin Safety emphasizes regulatory compliance
The exchange refused to disclose which specific markets will be included in documentary trading. A spokesperson for the exchange stated that Coin An continuously reviews its products and emphasizes its commitment to compliance with regulations.
With the development of regulations and regulatory guidelines, Coin Security continuously evaluates its products. This is why the availability of certain products varies in different regions - replication transactions are only available in selected markets, and we will continue to review our products to ensure they are still popular among users and regulatory agencies, "the spokesperson added.
According to trading volume, Coin On is the world's largest cryptocurrency exchange. However, it is also one of the most controversial exchanges, as previously reported, facing regulatory issues in multiple jurisdictions.
Some regulatory authorities in some countries have expressed concerns that Coin Security may not have taken sufficient measures to prevent its platform from being used for illegal financial activities. In response, Coin An has repeatedly expressed its commitment to meeting all relevant laws and regulatory standards.
The US Securities and Exchange Commission previously filed a legal lawsuit against Coin An, claiming that the company provided unregistered securities to US clients through its BNB tokens and related BUSD stable coins.
In addition, Coin An has also encountered regulatory challenges from multiple countries such as Canada and the Netherlands. Therefore, Coin Security had to restrict or completely stop its services in some of these areas.
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