Bitget becomes the first CEX to launch copy trading on the spot market

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(Victoria, Seychelles, January 17, 2023) – Leading crypto derivatives exchange Bitget announces that it will be the first exchange to launch copy trading on the spot market. As the first exchange to offer copy trading for derivatives in 2020, Bitget has refined its highly liquid and innovative flagship product, One-Click Copy Trade, to offer an equally intuitive experience for spot traders in 2023.

Copy trading provides a good starting point for beginners to continue their trading portfolio with a more experienced trader and increase their chances of profitability. Furthermore, users are entitled to greater transparency and flexibility as the feature reveals detailed information about traders’ ROI, time and price of buying and selling, portfolio and profit and loss records, along with options. personalized maximum investment, stop loss and take profit.

One-Click Copy Trade is Bitget’s flagship product, which 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 in the futures market has amassed more than 80,000 traders and 338,000 followers.

The recently launched Copy Trading feature on the spot market aims to provide a smooth and comfortable experience by giving users the option to copy trading strategies and own the cryptocurrency in their wallet. Users can view the trader profiles provided by the platform to choose their preferred trader to follow based on their P&L, trader ranking and portfolio as registered in the system. One-Click Copy Trade is a win-win solution as follower trades will be automatically executed with subscribed traders orders after subscription and a profit sharing percentage will only be charged when a profit arises of operations. The feature also offers a passive income stream for successful and experienced traders to further increase their performance.

Gracy Chen, CEO of Bitget, says: “Bitget was the first exchange to offer copy trading in the cryptocurrency futures market in 2020, and since then, our one-click copy trading has always been a featured product on the market. the company. The success of the product has been proven by the numbers and it 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 commerce, as well as cement our leadership position in the crypto space.”

“Bitget has been dedicated to providing users with the best possible social trading experience. In addition to refining our product offerings, Bitget has also implemented a multitude of safety and security measures, including the Fund Custody, Merkle Tree Proof of Reserves, and Bitget’s $300M Crypto Winter Protection Fund, to safeguard and protect users. ‘ funds on our platform.”

About Bitget

Bitget, established in 2018, is the world’s leading crypto derivatives exchange with a core focus on social trading, currently serving more than 8 million users in over 100 countries worldwide. The exchange is committed to providing secure, professional and unique trading solutions to users and aims to increase crypto adoption through collaborations with trusted partners. Bitget is the exclusive crypto exchange partner with legendary Argentine soccer player Lionel Messi and the official organizer of PGL eSports events, as well as the first sleeve partner of the leading Italian soccer team, Juventus.

To safeguard user funds on the platform, Bitget adopts world-class security and protection measures, including a $300M Hedge Fund, a Fund Custody service, which it committed to fully reserve using the Merkle model. Tree Proof of Reserves.

To learn more about Bitget, visit https://www.bitget.com.