The crypto
exchange Bitget has introduced an upgraded copy trading system that will allow
users to allocate investments and execute trades based on their total assets,
the company announced today (Wednesday).
The new
“smart copy mode” enables followers of professional crypto traders on
the platform to enter an investment amount relative to their total assets
rather than a fixed sum. The feature aims to help novice traders invest more
strategically by simplifying the copy trading process.
Bitget has
also launched independent futures copy trading accounts, separate from users’
main futures accounts. The company states this will better protect assets, as
liquidations or losses on one account will not affect the other.
According
to Bitget’s Managing Director, Gracy Chen, the upgrades come in response to user
feedback and the company’s own analysis. “Our ultimate goal is to make
Bitget the most user-focused, convenient and trader-friendly platform on the
market.”
Copy
trading services are a crucial part of the exchange ‘s offerings, especially
popular among Generation Z, who make up nearly half of all enthusiasts of this
form of investing. Independent reports suggest that copy and social trading are
expected to become a nearly $4 billion industry within the next four years.
Finance
Magnates reported last week that Bitget’s crypto wallet service introduced a new
inscription system named GetScribe….
