Crypto exchange Bitget has made the announcement that it is now the first exchange to offer copy trading on the spot market. Bitget was the first exchange to offer copy trading for derivatives in the year 2020. Since then, the company has been working to perfect its highly liquid and highly innovative flagship product, One-Click Copy Trade, in order to provide spot traders with an experience that is similarly user-friendly.
Copy trading gives inexperienced traders a better chance of turning a profit by allowing them to model their trades after those of more seasoned investors and providing them with a decent starting point to do so. Additionally, users are entitled to increased transparency and flexibility due to the fact that the feature reveals specific information on the traders’ ROI, buy and sell time and price, portfolio, and P&L records, in addition to personalized Maximum Investment, Stop Loss, and Take Profit options.
A Seamless and Convenient User Experience
Bitget’s flagship product, One-Click Reproduce Trade, simplifies trading for novices by enabling users to copy complex futures trading methods with a minimum of effort. This makes trading more accessible to more people. One-Click Copy Trade, the company’s offering in the futures market, has amassed a total of over 80,000 traders and 338,000 followers as of December 2022.
By providing users with the ability to replicate trading techniques and yet retain ownership of the cryptocurrency in their wallets, the recently introduced Copy Trading feature in the spot market seeks to make the trading experience more streamlined and user-friendly. Users have the ability to examine trader profiles that are made available by the platform. This enables users to select their chosen trader to follow based on their profit and loss statement, trader ranking, and portfolio information that is stored in the system.
One-Click Copy Trade is a solution that is beneficial for both parties involved because, following subscription, followers’ trades will be automatically executed along with the orders of subscribed traders, and a profit share percentage will only be charged in the event that the trades result in a profit. A skilled and experienced trader can further boost their yield by taking advantage of the feature’s ability to generate passive income for them.
