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Highlights
- Binance has launched a live trading feature for its users.
- The new feature will allow users to mirror the strategies of experienced traders.
- Binance says the Live Trading functionality is tipped to changed the landscape for crypto education
Binance is bringing streaming culture to cryptocurrencies with its new Live Trading feature for traders. The new feature will support real-time commentary, allowing beginners to learn the strategies of experienced traders.
Binance Unveils Live Trading Feature For Users
Binance, the largest crypto exchange in the world, has rolled out a new live trading feature for creators on its platform. The new feature, released on its social platform Binance Square, will allow verified creators to showcase trading strategies in real time.
According to a press release, Binance users will be able to watch their favorite cryptocurrency traders via a live stream while making spot and futures trades in the stream. Jeff Li, Binance’s Head of Product, stated that the new live trading feature integrates real-time commentary and execution, blending crypto trading and streaming in a seamless fashion.
“We want to create a seamless experience for users to act on insights in real time, while also opening up new opportunities for creators to share strategies, build trust, and grow their impact,” said Li.
Creators will have access to a suite of functionalities, including the opportunity to earn a 50% commission on trading fees. The cryptocurrency exchange says it will offer creators additional perks through curated campaigns and livestreaming competitions.
On the flip side, users will enjoy the perks of actively placing trades during live stream sessions. The exchange users will have the option of surfing through a Strategy Tab containing key details of a particular trade without leaving the stream.
BNB Price Reacts
Following the announcement, BNB price has risen by over 2% over the last day to trade at $677.50. Binance is continuing its streak of global rollouts, famously unveiling a Binance Pay-Bhutan partnership in early May.
A Bee-hive Of Activities For The Largest Crypto Exchange In The World
Binance has been on a hot streak of collaborations and product launches in recent weeks. Last week, Binance Pay integrated with Brazil’s digital payment platform Pix, enabling local currency transactions.
Building on the previously announced Binance Pay-Bhutan partnership, the exchange inked a deal with Kyrgyzstan for cryptocurrency adoption. Binance founder Changpeng Zhao urged Kyrgyzstan to add BTC and BNB to its national reserve.
Moreover, Binance made waves across the crypto world following the listing of WLFI’s USD1 stablecoin after months of speculation.
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