Binance, the largest cryptocurrency exchange in the world, revealed on Wednesday that fifty more cryptocurrencies will be added for spot copy trading. Several popular cryptocurrencies, including Bitcoin (NOT), Axie Infinity (AXS), Immutable (IMX), 1inch Network (1INCH), Astar (ASTR), and others, will be added to Binance.
Using spot copy trading, users can automatically replicate the real-time spot trading tactics of seasoned and proficient traders while examining performance indicators from each trader’s portfolio, such as ROI and PnL. Lead traders can also benefit from other advantages, such as a 10% profit split from their copy traders and 10% commissions from their copy traders’ trading fees.
Binance adds 50 Spot Copy Trading Pairs
To improve user experience, Binance said in an official statement on June 5 that it is growing the range of cryptocurrencies available for spot copy trading. On June 7, 2024, at 8:00 UTC, users will be able to trade popular cryptocurrencies, including Bitcoin (NOT), Axie Infinity (AXS), Immutable (IMX), 1inch Network (1INCH), Astar (ASTR), and others.
1INCH/USDT, BEAMX/USDT, IMX/USDT, ONT/USDT, SUSHI/USDT, ACH/USDT, BNX/USDT, IOST/USDT, PHB/USDT, TNSR/USDT, ADX/USDT, CELO/USDT, IOTA/USDT, POLYX/USDT, TRB/USDT, API3/USDT, ELF/USDT, LPT/USDT, RDNT/USDT, TRU/USDT, ASTR/USDT, ENJ/USDT, MI NA/USDT are among the cryptocurrency pairs that Binance is listing.
Moreover, AUCTION/USDT, REZ/USDT, UMA/USDT, FRONT/USDT, NFP/USDT, ROSE/USDT, VANRY/USDT, AXL/USDT, GAL/USDT, NOT/USDT, RSR/USDT, WOO/USDT, AXS/USDT, HIFI/USDT, OCEAN/USDT, SANTOS/USDT, XAI/USDT, BAKE/USDT, HIGH/USDT, OGN/USDT, SNX/USDT, XTZ/USDT, BB/USDT, ID/USDT, OMNI/USDT, STG/USDT, and ZIL/USDT
Following the success of the roll-out of Futures Copy Trading last year, the cryptocurrency exchange formally introduced Spot Copy Trading in mid-May in response to overwhelming consumer demand.
Price Drop for Notcoin (NOT) on Profit Booking
The price did not decrease by 8% on the last day due to traders taking profits; it is currently trading at $0.02264. $0.02146 is the 24-hour low, and $0.02644 is the 24-hour high. Additionally, there has been a 24% spike in trading volume during the past day, suggesting that traders are interested.
Market participants have noticed Notcoin, a new game on Telegram that allows players to earn tokens by tapping a virtual coin and performing tasks. The coin’s trading volume recently exceeded that of the USDC stablecoin. Before demand wanes, analysts thought there was still room for Notcoin to rise.
