This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Futures Copy Trading will adjust the Cooling Period rules for lead trader public portfolios, effective from 2024-11-11 08:00 (UTC). 

Under the new rule, the Cooling Period function will only be limited to the suspension of the trade function for 24 hours and will no longer include cancellation and closure of any open orders or open positions.

Cooling Period Function before the adjustment: 

  1. The system will cancel all open orders.

  2. The system will close all open positions with market price.

  3. Trade function will be suspended for 24 hours.

Cooling Period Function after the adjustment: 

  1. Trade function will be suspended for 24 hours.

Note: 

  • Cooling Period will be applied to public portfolios with AUM (Assets Under Management) ≥ 500,000 USDT and 7-Day MDD (Max Drawdown) ≥ 20%.

  • The system will execute the check every two hours.

  • Lead trader public portfolios that have been triggered by this rule will not be checked again in the following seven days. 

Start Futures Copy Trading Now!

About Binance Futures Copy Trading

Futures Copy Trading allows users to copy experienced traders’ portfolios in real time. After determining the investment amount, the system will automatically copy trades from the lead traders’ portfolios that users select. Novice traders may familiarize themselves with the crypto market via Copy Trading, and build up their strategizing and trading techniques.

For More Information

Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. 

Thank you for your support!

Binance Team

2024-11-11