'They might be drunk': expert urges care with crypto copy trading

Easy Crypto CCO Paul Quickenden says the level of oversight should give investors pause when opting for crypto copy trading. (Image: DepositPhotos)

Ben Moore

Wed, 09 Oct 2024

Automated copy trading for cryptocurrencies is growing in popularity but should be approached cautiously. This comes as Malta-based Binance announced that the crypto exchange is making the feature available to New Zealand users on its platform. It allows users to automatically copy all the trades of a “lead trader”, who takes 10% of the profits.However, NZ exchange Easy Crypto’s chief commercial officer, Paul Quickenden, said that the allure of earning passive income this way may not be as simple as it seems. He said...

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