Provided are an electronic device and an operation method thereof. The electronic device may include: first and second antennas to receive a signal output by an external electronic device; a communication circuit configured to control the first antenna and the second antenna; and a processor. The processor may be configured to: receive the signal through the first antenna and the second antenna; measure a first distance between the first antenna and the external electronic device using the signal received by the first antenna; measure a second distance between the second antenna and the external electronic device using the signal received by the second antenna; determine a movement direction of the external electronic device based on a change in a difference between the first distance and the second distance; and perform a preset operation corresponding to the movement direction of the external electronic device. Other embodiments are also possible.