SINGAPORE, October 27, 2023 /PRNewswire/ — BingX, a leading global crypto exchange, is proud to announce that it has eliminated slippage in crypto copy trading with its exclusive Guaranteed Price feature. This revolutionary feature eliminates slippage issues, ensuring that subscriber orders replicate the trader’s actions with pinpoint accuracy, setting a new benchmark for copy trading excellence.
Crypto copy trading is an automated strategy that allows subscribers to copy the trading methods of experienced traders. This makes it possible to buy and sell crypto assets to make a profit without spending a lot of time researching or learning crypto trading skills. Slippage in copy trading refers to the difference between the price at which a trader opens or closes a position and the price at which a follower’s copy of that trade is executed. Slippage occurs when the cryptocurrency market is volatile and prices change between the time a trader places an order and the time it is executed for their subscribers. Slippage impacts subscriber profitability, potentially leading to lower profits or increased losses.
Now, zero slippage is part of BingX copy trading and serves as a robust slippage protection mechanism. Essentially, this ensures that subscribers’ opening and closing prices precisely match those of the trader they are copying. This remarkable feature eliminates common issues associated with slippage, ensuring users get the ultimate copy trading experience, with BingX assuming the associated risks. Now, zero slippage is available in the “By Order” model for Standard Futures and Perpetual Futures. BingX users will be charged a fee based on their actual trading volume upon successful order execution.
Megan NyvoldHead of Brand at BingX, said: “Our commitment to providing a better and more efficient copy trading experience has led us to introduce the revolutionary Guaranteed Price feature, eliminating slippage issues for our users. We understand the importance of accuracy and reliability in copying. trading, and we are proud to set a new standard in the industry. This innovation reflects our commitment to empowering our users and ensuring their success in the cryptocurrency markets.
As BingX continues to push the boundaries of innovation, it remains committed to providing cutting-edge solutions for its users. Eliminating slippage in copy trading and futures trading with the Guaranteed Price feature is just the beginning. BingX envisions a future where cryptocurrency trading is reliable and profitable for everyone, setting a new standard that defines its commitment to excellence.
About BingX
BingX is a leading crypto exchange that offers spot, derivatives, copy, and grid trading services to over 100 countries and regions around the world with over 5 million users. BingX continues to connect users with expert traders and the platform in a secure and innovative way. Please visit https://bingx.com to learn more.
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SOURCE BingX
