Leading cryptocurrency exchange Bitget announces that it is the first exchange to launch copy trading in the spot market.
As the first exchange to offer copy trading for derivatives in 2020, Bitget has refined its highly liquid and highly innovative flagship product, One-Click Copy Trade, to offer an equally intuitive experience for spot traders in 2023.
Bitget, founded in 2018, is the world’s leading cryptocurrency derivatives exchange with a primary focus on social trading, currently serving more than 8 million users in more than 100 countries worldwide.
In addition, the exchange is committed to providing users with secure, professional and one-stop trading solutions and aims to increase cryptocurrency adoption through collaborations with credible partners.
Bitget: what is copy trading and One-Click Copy Trade
The copy trading launched by Bitget provides a good starting point for beginners, who can copy the trading portfolio of a more experienced trader and increase the chances of profitability.
In addition, users are entitled to greater transparency and flexibility as the feature reveals detailed information on traders’ ROI, time of buy, sell, price, portfolio and P&L records, along with customized maximum investment, stop loss and take profit options.
One-Click Copy Trade, on the other hand, is Bitget’s flagship product, which simplifies trading for beginners by enabling them to copy sophisticated futures trading strategies with minimal effort. As of December 2022, the company’s one-click copy trade in the futures market has accumulated more than 80,000 traders and 338,000 followers.
The newly launched Copy Trading feature in the spot market aims to provide a simple and convenient experience, offering users the ability to copy trade strategies and own the cryptocurrency in their own portfolio.
Users can also view trader profiles provided by the platform to choose their favorite trader to follow, based on P&L, trader ranking and portfolio registered in the system.
One-Click Copy Trade is a win-win solution, because the trades of the followers will be executed automatically with the traders’ orders after registration, and a profit share percentage will be charged only when a profit is derived from the trades. The feature also offers a passive income stream for successful and experienced traders to further increase their performance.
Bitget’s Gracy Chen’s words on copy trading
Gracy Chen, CEO of Bitget, said on the subject:
“Bitget was the first exchange to offer copy trading in the crypto futures market in 2020, and ever since, our One-Click Copy Trade has always been a featured product in the company. The product’s success has been proven by the numbers and also helped Bitget become the largest crypto copy trading platform. We are proud to extend the product to the spot market, as this will further expand our audience base and offerings for social trading, as well as solidify our leading position in the crypto space.”
Furthermore, Bitget in recent years has also been committed to providing users with the best possible social trading experience. In fact, in addition to refining its product offerings, Bitget has also implemented a multitude of safety and security measures.
These include Fund Custody, Merkle Tree Proof of Reserves and Bitget’s $300 million Protection Fund during the cryptocurrency winter in order to safeguard and protect users’ funds on the platform.
The exchange’s plans for 2023: continued expansion
Bitget, as a world-class exchange, has big ambitions for the future of the platform already as we begin the new year. In addition, Bitget aims to become one of the top three cryptocurrency exchanges globally in the next three to five years.
In addition, the exchange is constantly striving to strengthen and innovate its product range and promote the adoption of cryptocurrency trading worldwide. The goal is simple: to be the portal that transcends Web2 and Web3, connecting CeFi and DeFi, creating a broad bridge to the vast cryptocurrency network.
From a product perspective, as demonstrated, Bitget continues to focus on social trading, a broader concept that the platform intends to place more emphasis on in the future. Social trading allows people to interact with and observe other traders, as well as follow or execute the strategies of more experienced traders.
To this end, the exchange wants to offer multidimensional asset management such as staking, launchpool, fixed income, and other products such as swaps and NFTs. Not least, Bitget engages in collaboration with prominent sports personalities, such as Leo Messi, in order to promote the impact and adoption of the crypto world through the Bitget brand.