OKX, a Seychelles-based cryptocurrency spot and derivatives exchange, has added a copy trading feature to its digital asset social trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. The exchange announced the development on Tuesday.

With the copy trading tool, OKX explained, users are now able to reproduce the trading strategies of top performers on the platform to trade responsibly and reduce the risks involved in cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. These strategies cut across as many as 600 trading pairs, the exchange said.

✨ Presenting all-new #OKX Copy Trading ✨

🖱️ Duplicate every move from the lead trader in just one click, and keep track of your real-time P&L when you are on the go.

Trade with ease trade like a pro🤴

— OKX (@okx) January 17, 2023

The introduction of the copy trading tool comes less than a year (May 2022) after OKX created a feature that made it possible for traders to check the portfolio breakdowns, transaction histories, profits and losses as well as the risk levels of high-performing traders on the platform. With the new copy trading tool, these top traders will be compensated when other traders adopt their strategies and profit from them.

“In the last year, we have added a number of features that make it easy for new traders to follow or learn from other successful traders on the platform. Advancing social trading to include copy trading now adds more utility to the community of traders available to anyone on OKX,” Haider Rafique, OKX’s Global Chief Marketing Officer, explained.

Watch the recent FMLS22 session on how Gen-Z investors are trading in the markets.

Other Recent OKX Initiatives

The new copy trading feature is one of a number of initiatives OKX, which rebranded from OKEx at the start of last year, has introduced to its leading crypto trading platform in recent months. In late December, the crypto exchange partnered with DappRadar, an app store for decentralized applications (DApps) in order to provide its users with access to a broader base of decentralized finance and game finance applications.

Under the partnership, OKX included its Web3 Wallet on DappRadar’s platform in order to allow users to easily access their decentralized wallets while on the latter's platform.

Earlier in September 2022, the major cryptocurrency platform onboarded TradingView, a social network and charting platform, in order to empower its users to execute their crypto trade from their accounts on TradingView.