Crypto.com has announced a new copy-trading feature that allows users to follow the portfolios of notable investors. This feature will be available without additional subscriptions.
What is Copy-Trading?
Copy-trading is a form of investing that enables users to automatically replicate the trades of experienced traders. In this case, Crypto.com users will be able to follow the moves of well-known investors such as Warren Buffett and Nancy Pelosi.
List of Prominent Investors
Crypto.com has selected 11 prominent investors for its copy-trading feature, including Warren Buffett, Nancy Pelosi, Dan Meuser, and Bill Ackman. The portfolios of these investors are based on their publicly disclosed investments.
Terms and Limitations of Copy-Trading
Copy-trading will be available to users with a minimum investment of just $50. Orders will be placed as market orders and conducted in US dollars. Users will be protected by the Securities Investor Protection Corporation (SIPC), but it should be noted that there may be a delay in reflecting changes in portfolios, which can be up to 45 days.
The new copy-trading feature from Crypto.com promises to make investing more accessible for retail investors. It offers the opportunity to follow the actions of experienced investors without additional costs.
