Binance Lists 50 New Trading Pairs for Its Spot Copy Trading Feature

Binance Holdings Ltd., the leading cryptocurrency exchange by Bitcoin (BTC) holdings and globally registered users, has announced the listing of 50 new

Binance Holdings Ltd., the leading cryptocurrency exchange by Bitcoin (BTC) holdings and globally registered users, has announced the listing of 50 new trading pairs for its spot copy trading.

The cryptocurrency exchange introduced the copy trading feature late last year to enable novice traders to benefit from the trading strategies of reputable experts in the crypto space. These experts, known as signal providers, showcase their trading performance and strategies, which other traders can then follow and copy.

With Binance boosting a daily average traded volume of more than $20 billion and over 75 million monthly visits, the spot copy trading listing is largely coveted by most altcoin projects that are not yet listed on the exchange.

Moreover, listing on the Binance cryptocurrency exchange heavily improves a project’s liquidity and global exposure, more so amid the ongoing mass adoption of digital assets and Web3 products.

Top Projects to Watch on the Newly Binance Listing

According to the announcement, the newly listed trading pairs on Binance will be available from June 7, 2024. Some of the notable trading pairs are Enjin Coin (ENJ), 1inch (1INCH), BakerySwap (BAKE), Notcoin (NOT), IOTA, Ocean Protocol (OCEAN), and Sushi (SUSHI) among others.

The listing of these trading pairs has exposed them to a wider market, thus resulting in a notable bullish bump. For instance, BAKE and SUSHI pumped 12 and 5 percent respectively to trade around 35 cents and $1.17.

However, Binance has noted that investors from several jurisdictions led by Canada, Cuba, Crimea Region, Iran, Netherlands, North Korea, Syria, the United States of America, and its territories are not allowed to participate in its spot copy trading.