cryptopolitan.com
OKX, one of the biggest crypto exchanges globally, has rolled out “Smart Sync” which is a new AI-powered feature in its Spot Copy Trading tool. It enables users to easily mirror lead traders’ entire portfolios.
“Smart Sync” comes into play with one touch and automatically copies top traders’ position ratios and replicates their portfolios. This feature eliminates all the hard work needed for manually copying individual trades. It can come in handy when the crypto market is reflecting “Greed” sentiment among the traders.
OKX expands copy trading
Following its success in perpetual futures, OKX now offers copy trading across spot and futures markets.
As per the announcement, the Smart Sync feature is expected to introduce key benefits and automatic trade adjustment is one of them. It keeps trades aligned with lead traders’ position ratios and leaves no need for manual tweaking. This simply allows users to participate in expert-level trading without any in-depth market knowledge.
The new feature permits users the flexibility to adjust their trade sizes per their personal risk tolerance. However, it also focuses on position ratios, not individual trades, for simplified portfolio handling.
Lennix Lai, OKX Global CCO, stated that the Smart Sync feature is designed for beginners seeking a straightforward trading experience and experienced traders who want custom parameter settings.
The crypto exchange recently listed Scroll (SCR) and Goatseus Maximus (GOAT) on its Perpetual Futures Market. It mentioned that these USDT-margined listings enable eligible customers to long or short SCR and GOAT. They can go up to 50x and 20x leverage, respectively.
GOAT recorded a major surge in the beginning, but it has seen a downturn since yesterday. GOAT price dropped by more than 20% in the past 24 hours. It is still up by a huge 538% in the last 30 days. It is trading at an average price of $0.62, with a 24-hour trading volume of $552 million.