Trading in cryptocurrencies has experienced unprecedented growth in recent years. To take advantage of trading opportunities, some use automated trading bots such as Binance Futures Bot. However, it should be noted that Binance Futures is not authorized in France. In this article, we’ll present an alternative to Binance Futures and explain how to copy trades on other legal exchanges in France.
Wall Of Traders is a smart trading and copytrading tool that allows users to copy all Binance Leaderboard traders for free via Bybit. Thanks to this feature, you can automatically copy the trading strategies of the best Binance Futures traders. This approach offers you the opportunity to invest in a more informed way and maximize your profits on crypto-currencies. Take advantage of this unique opportunity by creating a Wall Of Traders account.
Binance Futures Bot and French regulations
Cryptocurrency trading is an activity that is attracting growing interest among investors. Automated copy trading bots such as Binance Futures Bot are becoming increasingly popular with traders to take advantage of opportunities in the cryptocurrency market. However, it is important to note that Binance Futures is not authorized in France.
With Bybit, you can copy the most successful traders on the Binance Futures Leaderboard and benefit from their experience.
Introducing Binance Futures Bot
Binance Futures Bot is an automated futures trading robot from Binance. It uses sophisticated trading algorithms to execute trading orders automatically and quickly. Traders can personalize their trading strategies. This depends on their risk profile and return objectives.
The Binance Futures platform offers a wide variety of futures contracts for the most popular cryptocurrencies. These include Bitcoin, Ethereum, Binance Coin, etc. It also offers leverage of up to 125x for the most experienced traders. However, it’s important to note that high leverage can also lead to significant losses.
French regulations: why Binance Futures is not authorized in France
In France, cryptocurrency trading is regulated by the Autorité des Marchés Financiers (AMF). It’s also worth noting that cryptocurrency exchange platforms must be authorized by the AMF. The aim is to offer their services to French investors.
Binance Futures is not authorized in France, as the platform does not have AMF authorization to offer cryptocurrency futures. Nor does the platform have a license to offer its leveraged trading services to French investors.
It’s important to note that the AMF has warned French investors of the risks associated with leveraged cryptocurrency trading. The use of high leverage can increase potential gains, but it also increases the risk of significant losses. That’s why, in France, it’s important to comply with the regulatory rules in force to protect investors. In particular, against fraudulent practices and excessive risks.
Leveraged trading and alternative to Binance Futures
Although Binance Futures is not authorized in France. There are alternatives for investors who want to profit from leveraged cryptocurrency trading. In this section, we’ll look at leveraged trading. Crypto exchange Bybit authorized in France and the free copy trading platform Wall Of Traders to copy trades on Bybit and other exchanges authorized in France.
What is leveraged trading?
Leveraged trading is a trading method that allows investors to take positions larger than their available capital. The crypto exchange lends money to the investor so that he can take larger positions. The amount lent is called leverage.
Using leverage can increase potential gains, but it also increases the risk of significant losses. It is important for investors to understand the risks associated with leveraged trading. But also not to use leverage that exceeds their level of risk.
Bybit: a crypto exchange authorized in France for leveraged trading
Bybit is a crypto exchange platform offering futures contracts for leveraged trading. Unlike Binance Futures, Bybit is authorized in France and licensed to offer its services to French investors .
Bybit offers a wide range of trading options, including leverage of up to 100x for futures contracts on Bitcoin, Ethereum, Ripple and more. The platform also features a robust security system to protect investors against fraudulent practices.
Wall Of Traders: a free copy trading platform for copying trades on Bybit and other exchanges authorized in France
Wall Of Traders is a free copy trading platform that allows investors to copy the trades of professional traders on various exchanges. Like Bybit and other exchanges authorized in France. Investors can track traders’ performance and automatically copy their trades according to their risk and return preferences.
The platform is easy to use and requires no technical trading knowledge. Investors can also track their portfolio and performance in real time. In addition, Wall Of Traders offers a responsive customer support service to answer investors’ questions. With the aim of helping them on their trading journey.
Prices on Bybit and Binance Futures
In this section, we’ll look at prices on Bybit and Binance Futures and how arbitrage robots can affect prices on the various exchanges.
Although Binance Futures is not authorized in France. It’s always important to understand the price differences between different exchanges. Cryptocurrency futures prices can vary depending on the exchange, and it’s important to find the best price for investors.
Investors may notice that prices on Bybit and Binance Futures are almost identical. This is due to the use of arbitrage robots on the various exchanges.
By choosing to copy traders from the Binance Futures Leaderboard on Bybit, you can increase your chances of success in the crypto markets.
Arbitrage robots and price smoothing
Arbitrage robots are computer programs that exploit price differences on different exchanges. These robots monitor prices on different exchanges and buy on an exchange where the price is lower and sell on another exchange where the price is higher.
The use of arbitrage robots can smooth prices on different exchanges. This means that prices on different exchanges can be very similar, as arbitrage robots seek to make a profit by taking advantage of price differences.
Conclusion
Cryptocurrency trading is constantly evolving, but it’s essential to comply with current regulations. Binance Futures Leaderboard is a popular tool, but it is not authorized in France. Wall Of Traders offers a free alternative for copying trades on legal exchanges in France such as Bybit. Prices on Bybit are comparable to those on Binance Futures, thanks to the presence of arbitrage bots that smooth the prices of all crypto exchanges. By using legal copy trading platforms in France, traders can enjoy the benefits of leveraged trading without breaking the law.
You may also like our other articles on the most important information about cryptocurrencies for example: “Comparison of the best trading bots for Binance: How to make the right choice“, “Analysis of the best traders on Binance: How they stand out and how to join them“, “Discover the strengths and limitations of robot trading on Binance: Essential information” and “How to use automated bots to simplify and enhance your Binance trading experience“.
This article is not investment advice. Do your own research before investing in the crypto currency market.