One of the latest functionalities added at the Document Library level in SharePoint Online is the “Copy” option available for each file stored in the ECB menu. This new action allows to copy a document to the current Document Library or to another one in the SharePoint Online tenant. In order to generate a copy of a document in the current Document Library:
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Click the document to be copied using your mouse right button so the ECB menu options are displayed. Among the available options in the ECB, you will see a “Copy” option.
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If you click “Copy” option, a modal window to configure the copy of the document is displayed. In that window you can specify the destination Document Library that can be the current one or any other available in the SharePoint Online tenant.
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Once you press the “OK” button, a copy of the document will be generated in the current Document Library once you confirm the copy action.
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Finally, just verify the document has been generated in the Document Library.