Binance Futures has announced that it will add new USDⓈ-M Perpetual contracts to its copy trading platform specifically for the POPCATUSDT and MEWUSDT pairs today.
This announcement effective from November 5, 9:00 UTC is designed to give Binance users more trading options through their copy trading feature. By introducing these two contracts Binance futures will provide traders a greater opportunity to diversify their strategies, particularly in the copy trading arena.
This addition highlights Binance’s ongoing effort to diversify its product range based on the versatile needs of the crypto community. The new POPCATUSDT and MEWUSDT perpetual contracts join a variety of other assets already available on Binance futures which allows traders to take advantage of specific market trains associated with these tokens. As the contracts are USDⓈ-M denominated, they will be settled in USDT, the fiat-pegged stablecoin.
Copy trading has become increasingly popular in the crypto world because it allows users to mimic the strategies of expert traders. This feature is particularly helpful for beginners as it can provide valuable insights into professional trading strategies and techniques without needing extensive market knowledge. By following export traders beginners can automatically execute the same trades making it easier for them to trudge through the complexities of the futures market with the introduction of POPCATUSDT and MEWUSDT, Binance is expanding its user base and copy trading options, trying to incorporate the futures market.
As for the market trends surrounding these tokens, POPCAT is trading at $1.30 after a surge of 4.23% in the past day. Meanwhile, MEW is trading at $0.008494 after a surge of 5.66% in the past day.