Crypto.com:- In a big move by the leading crypto Exchange, Crypto.com, it has announced a new copy trading feature – the Whales Basket for its Stocks & ETF trading segment.
Launched exclusively in the US, the feature will allow its users and investors to mimic the strategies of legendary traders. Making the announcement via X post, the exchange said, “You don’t have to be Warren Buffett to have his portfolio”.
What exactly is the Whales Basket Feature?
Early this year on January 8, Crypto.com introduced stock and ETF Trading on its Platform besides the crypto services. This Whales Basket feature comes as an addition on its Stock services. It will allow users to mimic the portfolios of legendary investors. This includes Jensen Huang, Brad Gerstner, David Tepper, Warren Buffett, Nancy Pelosi among the successful names in the US stock market.
These copy‑trading baskets track these public figures’ filings (like 13F forms and STOCK Act disclosures) and automatically creates diversified baskets that reflect their holdings. However, unlike the tokenized equity trend going on, users are purchasing real shares though in fractional amounts ( as little as $50) where available.
Further, according to the official announcement, there are no extra fees for using the copy trading/Whale Basket feature (standard trading fees may apply).
Thus, based on what famous investors hold, users can buy fractional shares of publicly listed U.S. companies—like Apple, Microsoft, Nvidia, etc via Whale Basket.
Also Read: MoonPay Partners With Revoult Pay
Crypto and Capital Markets are Rapidly Integrating
Interestingly, the stock trading enhancement feature comes at a time when the tokenized or the fractional ownership of equity shares, particularly US-listed, are a hot trend in crypto and web3. On-chain crypto and capital markets are increasingly integrating.
Many leading centralised Exchanges such as Gemini and blockchains Solana, BNB Chain are overwhelmingly welcoming it on their platforms. Today only Gemini expanded its offerings of tokenized equities to Nike, McDonald’s, Starbucks, Coca-Cola, and Yum! Brands.
Crypto.com itself has entered the tokenized stocks trading domain with xStocks Integration. Announced on July 2, investors have two seamless methods to acquire xStocks on Crypto.com Onchain: by swapping existing crypto holdings on‑chain or by purchasing through traditional payment rails such as Google Pay, Apple Pay, or credit/debit card.
Also Read: Startup Story behind xStocks
Disclaimer: The content may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/brandtalk/pulse/crypto-com-launches-whale-basket-feature-to-mirror-buffett-like-investment-strategy/