Binance’s new Live Trading Hub features allows traders show their positions in real time: here's how it works

Binance has launched a new interactive social feature for its broadcasting platform, Binance Square Live. The new feature called ‘Live Trading Hub’ allows streamers to publicly share and track real-time trading data on a live broadcast leaderboard.

Once the feature is enabled by a streamer, viewers can join a session and display their trading positions, profit and loss (PnL), and trade activity on a live leaderboard. The feature currently supports only USDT-M Delivery Futures data and may not be available in all regions.

Here is a everything you need need to know about Binance's new feature:

After the session is active, streamers can see the real-time leaderboard where participants in the stream are ranked according to their PnL performance. Streamers can also monitor rankings, trade volume and position dedtails while having the ability to remove the particpiants if needed.

In order to participate in the streams, users will need to have a balance of at least 10 USDT. The company noted that users can only join one Live Trading Hub session at a time. Each session can have a maximum of 100 partcipants.

Binance also claims that no personal data is revealed during the stream.

"Only USDT-M Delivery Futures data is shown. What's visible depends on the streamer's chosen mode — "New Positions" only shows trades made after you joined, while "All Positions" includes your existing positions." the company said in a blogpost

The company also notes that leaving a livestream automatically exits the Live Trading Hub session, causing the user's trading data to disappear from the leaderboard.

How to set up Live Trading Hub session?

The Livestream access on Binance Square is automatically unlocked for users with creators having over 1,000 followers. Eligible creators can enable the Live Trading Hub before going live or mid-stream through the broadcast editor settings.

Cretors can set up the Live Trading Hub feature by following the below guide:

All Positions: Displays current open positions along with new trades

In order to enable the feature mid-stream they can find and click on the Live Trading Hub button from the bottom toolbar. Then choose a display mode and finally save the settings to activate it.

Once a viewer joins the stream, their tra

Once joined, a viewer's trading performance is broadcast to the room. The dashboard is split into three tabs: a main Leaderboard ranked by PnL, a Positions tab detailing open and closed trades, and a Trade Activity tab showing a live feed of all buy and sell actions.