OKX, a Seychelles-based cryptocurrency spot and derivatives exchange, has added a copy trading feature to its digital asset social trading platform. The exchange announced the development on Tuesday.

With the copy trading tool, OKX explained, users are now able to reproduce the trading strategies of top performers on the platform in order to trade responsibly and reduce the risks involved in cryptocurrencies. These strategies cut across as much as 600 trading pairs, the exchange said.

The introduction of the copy trading tool comes less than a year (May 2022) after OKX created a feature that made it possible for traders to check the portfolio breakdowns, transaction histories, profits and losses as well as the risk levels of high-performing traders on the platform. With the new copy trading tool, these top traders will now get compensated when other traders adopt their strategies and profit from them.