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Binance updates platform with user-driven features and security boosts

EditorNikhilesh Pawar
Published 11/16/2023, 03:10 AM
ABNB
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NEW YORK - Binance has implemented a series of upgrades to its cryptocurrency trading platform, following a comprehensive review of user feedback. The recent enhancements, which aim to streamline the trading experience and bolster security, are part of the company's ongoing efforts to respond to community input.

The improvements include a more intuitive user dashboard and advanced security measures, reflecting Binance's dedication to addressing customer needs. In the latest development today, Binance rolled out several new features:

  • A revamped Binance Futures Leaderboard 5.0 that showcases top traders.
  • New Options and Trading Bots tabs for better performance tracking.
  • An Optimized Trading Bots wallet that now includes initial margin and profit calculations.
  • The introduction of a GTD (Good-til-Date/Time) order type for more precise trading strategies.

These updates follow the platform's recent integration of a copy trading module on October 9, 2023, allowing users to emulate the strategies of seasoned "master traders." Copy traders have also gained the ability to view their funding fees directly on the Copy Trading Overview page.

Last Friday, Binance announced via Twitter that they had processed 649 suggestions from the #BinanceBuild Sep/Oct 2023: Feedback Roundup through their Feature Request & Feedback Board. This initiative underscores their commitment to incorporating user suggestions into their development process.

The September overhaul simplified the platform's dashboard and reinforced security protocols. In October, along with the copy trading feature, Binance added PNL analysis graphs to its Futures dashboard for a detailed visual representation of asset summary and growth.

These updates are indicative of Binance's strategy to evolve with the dynamic cryptocurrency market by prioritizing user experience and security.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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