Bitget Becomes the First CEX to Launch Copy Trading in the Spot Market – Bitcoin News Press Release

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Press release

PRESS RELEASE. (Victoria, Seychelles, January 17, 2023) – 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 perfected its highly liquid and highly innovative flagship product, One-Click Copy Trade, to deliver an equally intuitive experience for spot traders in 2023.

Copy trading provides a good starting point for beginners to observe their trading portfolio with a more experienced trader and increase their chances of profitability. Additionally, users are entitled to more transparency and flexibility as the feature discloses detailed information on traders’ return on investment, buy and sell time and price, portfolio and P&L records, as well as Custom maximum investment, stop loss and take profit options.

One-Click Copy Trade is Bitget’s flagship product, simplifying 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 over 80,000 traders and 338,000 subscribers.

The new Spot Market Copy Trading feature aims to provide a seamless and convenient experience by giving users the ability to copy trading strategies and own the cryptocurrency in their wallet. Users can view trader profiles provided by the platform to choose their preferred trader to follow, based on their P&L, ranking and portfolio as recorded in the system. One-Click Copy Trade is a win-win solution as follower trades will be automatically executed with subscriber trader orders after subscription and 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 further increase their yield.

Gracy Chen, Managing Director of Bitget, says, “Bitget was the first exchange to offer copy trading in the crypto futures market in 2020, and since then, our One-Click Copy Trade has always been a flagship product. the company. The success of the product has been proven by the numbers and has also helped Bitget to 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, while strengthening our leadership position in the crypto space.

“Bitget is committed to providing users with the best possible social trading experience. In addition to perfecting our product offerings, Bitget has also deployed a host of security and protection measures, including Fund Custody, Merkle Tree Proof of Reserves and Bitget’s US$300 million 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 focused on social commerce, currently serving over 8 million users in over 100 countries around the world. The exchange is committed to providing secure, professional and unique 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 and the official eSports event organizer PGL, as well as the first round partner of Italian football team Juventus.

To protect users’ funds on the platform, Bitget adopts top-notch security and protection measures, including a $300 million protection fund, funds custody service, promised to be fully reserved by the Merkle Tree Proof of Reserves model.

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

This is a press release. Readers should exercise due diligence before taking any action related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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