TraderWagon Adds Full Range of Over One Hundred New Trading Pairs from Binance Futures
December 2nd, 2021 at 1:55 pm UTC · 3 min read
TraderWagon, a new social trading platform, today added the full range of over 100 new trading pairs from Binance Futures, the largest crypto derivative exchange. TraderWagon connects to Binance API, allowing traders to easily create and manage their copy trading portfolio without needing to transfer funds out of their Binance wallet.
Binance Futures is the leading exchange with high liquidity and a wide variety of trading pairs. In adding the full range of trading pairs from Binance Futures, TraderWagon now provides Lead and Copy Traders more choice especially if they wish to diversify from large capital coins like Bitcoin and Ethereum.
Over 100 New Trading Pairs Available for Copy Trading
Lead and Copy Traders can now include these in their social trading portfolio:
- DeFi protocols, for example AAVE, 1INCH, LINK, UNI
- Popular meme coins, including DOGE, SHIB,
- Metaverse projects, such as SAND, MANA, ALICE
Copy trading is a growing area in cryptocurrency, where the trading activities of successful traders (“Lead Traders”) are copied by other traders (“Copy Traders”).
Lead Traders are usually experienced traders with a track record of profitable trades. Their success in trading often means they are well-recognized and influential in the crypto trading community, and enjoy sharing their trading techniques.
Copy Traders can be less experienced traders who want to follow the trading activities of Lead Traders. Copy Traders may be motivated by the opportunity to learn from other traders or simply enjoy the convenience of allocating their trading portfolio according to how other traders do it.
TraderWagon’s technology connects Lead and Copy Traders’ portfolios. Lead Traders create their individual trading portfolio from which Copy Traders choose the ones they wish to copy in their own portfolio. When a Lead Trader opens a position, it is automatically replicated in the Copy Traders’ portfolio.
Why Use TraderWagon
TraderWagon uses Binance’s Single Sign-On API, allowing traders to use their Binance account log-in to conveniently and securely create their TraderWagon account and manage their copy trading portfolio.
All trading continues to be executed on Binance Future’s platform. Funds remain securely kept on Binance and profits are credited directly into traders’ Binance accounts. This means traders do not incur any transfer fees or risk misplacing funds due to manual error.
TraderWagon uses a profit-sharing fee structure:
- Lead Traders: earn up to 10% of the profits of their followers
- Copy Traders: 10% fee is imposed on their copy trading profit