Victoria, Seychelles, Jan. 17, 2023 — Leading crypto derivatives exchange Bitget announces it will be 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 honed its highly liquid, highly innovative flagship product, One-Click Copy Trade, to deliver a similarly intuitive experience for spot traders in 2023.
Copy trading provides a good starting point for beginners to shadow their trading portfolio with a more experienced trader and increase their chance of profitability. Also, users are entitled to more transparency and flexibility as the feature discloses detailed information on the traders’ return on investment, buy and sell time, price and portfolio profit and loss records, with personalized maximum investment, stop loss and take profit options.
One-Click Copy Trade is Bitget’s flagship product and simplifies trading for beginners by allowing them to copy sophisticated futures trading strategies with minimal effort. As of December 2022, the company’s One-Click Copy Trade has accumulated over 80,000 traders and 338,000 followers in the futures market.
The newly launched spot market copy trading feature aims to provide a seamless and convenient experience by giving users the option to copy trading strategies and own the cryptocurrency in their wallet. Users can view trader profiles provided by the platform, allowing them to choose their preferred trader to follow based on their profit and loss, trader ranking and portfolio recorded in the system. One-Click Copy Trade is a win-win solution as followers’ trades will be automatically executed with the subscribed traders’ orders after subscription. A profit share percentage will only be charged when a profit arises from the trades. The feature also offers a passive income stream for successful and experienced traders to increase their yield further.
Gracy Chen, managing director of Bitget, said:
“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.”
“Bitget has been dedicated to providing users with the best possible social trading experience. In addition to perfecting our product offerings, Bitget also rolled out a multitude of safety and protection measures, including fund custody, Merkle tree proof of reserves and Bitget’s $300 million protection fund during the crypto winter, in order to safeguard and protect the users’ funds on our platform.”
About Bitget
Bitget was established in 2018 and is the world’s leading crypto derivatives exchange, with a core focus on social trading, currently serving over 8 million users in more than 100 countries worldwide. The exchange is committed to providing secure, professional and one-stop trading solutions to users and aims to increase crypto adoption through collaborations with credible partners. Bitget is the exclusive crypto exchange partner with legendary Argentine footballer Lionel Messi, the official esports events organizer PGL and the first sleeve partner of the leading Italian football team, Juventus.
To safeguard users’ funds on the platform, Bitget adopts top-notch security and protection measures, including a $300 million protection fund, a fund custody service pledged to be fully reserved and backed by the Merkle tree proof of reserves model.
To learn more about Bitget, please visit https://www.bitget.com.