Copy Trading Has ‘Disrupted the Crypto Industry’ Says Bitget’s Gracy Chen

Copy trading has disrupted the crypto manufacture and is progressively the trading strategy preferred by little experienced traders says Gracy Chen, managing manager of the crypto trading level Bitget. While transcript trading is gaining popularity globally, traders and prospective users from Africa look much funny successful the strategy than those from different regions.

Africa-Based Users More Interested successful Copy Trading

According to Gracy Chen, the managing manager of the crypto derivatives and transcript trading level Bitget, copying trading is simply a trading strategy which has not lone “disrupted the crypto industry” but has go progressively much fashionable with novice traders. She added that for immoderate cases, transcript trading has proven to beryllium an effectual strategy during the alleged “crypto winter.”

To enactment specified assertions astir this portfolio absorption strategy, Chen made notation to a report highlighting the “300% maturation successful transcript trading adoption successful the past 24 months.” As the study (which relied connected Google hunt data) noted, portion transcript trading is fashionable globally, traders and prospective users from Africa look to beryllium much funny successful the strategy.

Described arsenic a method that enables traders to transcript circumstantial strategies, this trading maneuver is said to nexus “a information of the copying trader’s funds to the relationship of the copied investor.” This trading strategy is thought to beryllium fashionable with much risk-averse investors and traders.

Copy Trading Favored by Risk-Averse Traders

Meanwhile, successful remarks to Bitcoin.com News, Chen besides highlighted the interaction transcript trading has had connected Bitget. For instance, Chen pointed to the implicit 400,000 traders connected Bitget who person utilized this trading strategy since its motorboat successful May 2020. The Bitget managing manager besides explained however the continuing carnivore marketplace is apt to person the much risk-averse traders to pivot to transcript trading.

“With the carnivore marketplace continuing, radical volition privation to leverage nonrecreational traders’ knowledge,” Chen said.

Chen revealed that Bitget’s interior idiosyncratic information already indicates that arsenic galore arsenic 28% of traders person resorted to transcript trading astatine slightest erstwhile successful 2023. She besides added that arsenic galore arsenic 109,000 followers of the platform’s nonrecreational traders person made a profit.

While transcript trading is the main crushed wherefore Bitget’s stock of the marketplace has grown implicit the past fewer years, Chen told Bitcoin.com News that the platform’s concern with the shot prima Lionel Messi has besides proven to beryllium a shrewd concern decision. In addition, the mounting of a extortion money arsenic good arsenic the regular publishing of Bitget’s proof-of-reserves person besides helped reassure users.

On wherefore Bitget chose to set up an bureau successful the Middle East, the managing manager pointed to the region’s perceived crypto-friendly policies. She besides added that the beingness of influencers and Bitget’s partners successful the portion besides warrant the determination to acceptable up offices there.

What are your thoughts connected this story? Let america cognize what you deliberation successful the comments conception below.