Binance Wallet Launches CopyTrade to Mirror Selected Wallet Trades

Binance Wallet has launched CopyTrade, a feature that automatically places token trades based on activity in a wallet a user selects, bringing address-based copy trading into its wallet.

Users can choose a wallet address from a leaderboard or enter one directly. They then set a purchase amount and take-profit and stop-loss levels before turning on automated trading. Users can start or stop following the address at any time.

The feature supports memecoins, bStocks tokens and other tokens. It follows a selected address rather than requiring the user to place each corresponding trade manually. The user sets the purchase amount and exit levels for their own trades.

Copy trading means using another trader’s activity to trigger trades. With this version, the selected wallet supplies the activity to follow, while the user’s settings determine how Binance Wallet handles the trades. CopyTrade is available now.