EVEDEX, a hybrid decentralized exchange, has launched Copy Trading on its platform, allowing users to mirror the trades of verified traders directly from their self-custodial wallets. This feature is available across all markets on EVEDEX, including forex and index perpetual contracts, which are rarely found on decentralized exchanges. The platform settles trades on the Arbitrum L2 network, enabling gasless execution and scalable processing of follower orders without delays or high transaction costs.
Followers retain full custody of their assets throughout the copy trading process. Capital is allocated to a special subaccount following the strategy, and users can set their own risk limits, position sizing, and exit positions at any time. This approach extends the copy trading model, traditionally associated with centralized exchanges, into an on-chain, non-custodial environment.
The launch also introduces copy trading across EVEDEX's non-crypto markets, which include perpetual contracts on GBP/USD, AUD/USD, USD/CAD, the US Dollar Index, and index products tracking the Nasdaq 100, Dow 30, Germany's DAX 40, and the Hang Seng 50. These instruments are standard at traditional brokerages but uncommon on decentralized venues.
EVEDEX reports over 50,000 registered traders and monthly trading volume above $15 billion. The exchange charges maker fees of 0.015% and taker fees of 0.045%, and supports leverage of up to 200x. The Copy Trading rollout follows the introduction of the EVEDEX Card, a non-custodial debit card accepted at over 80 million merchants across 130 countries.