Once
incredibly popular in the contract for difference (CFD) market, copy trading solutions are now
also captivating the hearts of cryptocurrency users. Copy and social trading are increasingly employed by investors in the digital
asset landscape, as demonstrated by the latest research conducted by the Bitget
exchange .
The
research shows Generation Z traders lead this trend, representing 44% of
all copy trading users. Additionally, while other age groups also participate,
traders from Africa and Commonwealth of Independent States (CIS) countries
showed significant interest in this trading method.
The study
assessed the trading activities of a wide array of active crypto traders over
the first half of 2023. More than 109,000 traders profited using copy trading
techniques, amassing over 74 million USDT in cumulative earnings. The research
demonstrated a high success rate among copy traders: 93% of futures traders
and 82% of spot traders made profits using this strategy.
Bitcoin
(BTC) was the most frequently traded asset via copy trading (52%), trailed by
Ethereum
