Bitget Becomes The First Centralized Exchange To Launch Copy Trade On The Spot Market

The Copy Trade feature, which the global cryptocurrency exchange Bitget has expanded to the spot market after the derivatives market, provides a good starting point for beginners to increase their trading portfolios in the shadow of a more experienced trader, increasing their chances of profitability.

In addition, users enjoy greater transparency and flexibility as the feature shows traders details about ROI, buy and sell time, portfolio and historical records, and allows users to set Maximum Trade, Stop Loss and Take Profit options.

Bitget’s flagship product “One Click Copy Trade” simplifies trading by allowing beginners to follow complex futures strategies with minimal effort. The product, which also attracted the attention of users, has accumulated more than 80 thousand traders and 338 thousand followers in the futures market as of December 2022.

The newly launched Copy Trade feature on the spot market aims to provide a smooth and convenient experience by giving users the option to follow their trading strategies and have cryptocurrencies in their wallets. While users can view the trader profiles provided by the platform, they can look at their Profit/Loss status as registered in the system, the trader ranking and select their preferred trader to follow according to their portfolio.

On the other hand, One Click Copy Trade offers a win-win solution. Because the followers’ transactions are automatically executed with the orders of the subscribed trader after the subscription, and a profit share percentage is received only when the transactions are profited. This feature also offers a passive income stream for successful and experienced traders to further increase their returns.

“We are proud to expand Copy Trade to our spot market”

Explaining about One-Click Copy Trade Bitget Managing Director Gracy Chen,

“Bitget was the first exchange to offer Copy Trade on the crypto futures market in 2020, and since then, One-Click Copy Trade has always been a standout product in the company. The success of the product has been proven by numbers, which has helped Bitget become the largest crypto Copy Trade platform. At the point we have reached today, we are proud to expand this product to our spot market. This expansion will further expand our audience base and social transactions offerings, while also solidifying our leading position in the crypto space.” said.

Underlining that they continue their efforts to provide a healthy investment experience to their users, Chen“We are committed to providing our users with the best possible social trading experience. In addition to perfecting our product offerings, Bitget has introduced a number of security and safeguards measures to safeguard and secure the funds of users on our platform throughout the crypto winter, including the Retention of Funds Service, Merkle Tree Proof of Reserve, and Bitget’s $300M Protection Fund.” said.