For most retail investors, trading has traditionally been a solitary exercise, making the barrier to entry relatively high. Information relating to trading instruments and market conditions can often be difficult to come by or, at other times, too complex for beginners to understand. Here at Bitget, the organization is determined to remove this barrier by turning trading into a social and collaborative activity where investors can engage together.
To further enhance the social trading experience, the Bitget team recently launched two new services: Bitget Insights and Bitget Strategy Plaza. Both of these platforms make it easier for traders to share their knowledge and opinions on market conditions and trends, providing users with the space and opportunity to engage in constructive collaboration. Along with other social trading products such as One-Click Copy trade, Bitget gives investors an edge with a number of cryptocurrency features.
What is Social Trading?
Social trading focuses on bringing investors and traders together by combining the interconnectedness of social media platforms with the world of finance and trading. Through platforms created specifically for the industry, users are able to share their ideas and strategies with each other, so that novices can better understand what the experts are doing and seasoned professionals can garner a healthy following which, on Bitget, can become an alternative source of income.
The system allows collaborative efforts to flourish and effectively lowers the barrier to entry into the cryptocurrency world, while building more trust for users as they make more informed financial decisions. According to a market forecast by The Insight Partners, the global social trading market is now worth $2.23 billion and is expected to grow to $3.77 billion by 2028. With an expected CAGR of 7.8%, the social trading is fast becoming the new face of finance, and there’s no better time to join the trend than now.
See how the pros trade with Bitget Insights
While our One-Click Copy Trade service makes life as convenient as possible for users to ride the success of more experienced professionals, the system doesn’t exactly fail to foster deeper communication than most social media platforms promote. This is where Bitget Insights comes in. Essentially, the latest creation is a newsfeed where experienced traders can share their thoughts and opinions on market conditions and trends, explaining to their followers in more detail not only what positions they will open or close, but also the reasoning behind basis of their decisions. Registered accounts can post analyzes accompanied by charts and images to explain various cryptocurrency movements and predictions they may have for the future. Through this community, novice and amateur traders can learn more about cryptocurrency trading, while professionals can build a following for themselves which can then translate into more copiers or subscribers to their strategies, bolstering their alternative source of income. And now that strategies have been mentioned, let’s move on to the other new version of Bitget: Strategy Plaza.
Benefit from professional expertise with Bitget Strategy Plaza
Bitget Strategy Plaza builds on the success of One Click Copy Trading and offers more flexibility when it comes to trading with expert advice. While the latter option allows users to discover professional traders and directly copy their positions (albeit with their own risk parameters), Strategy Plaza instead allows retail investors to copy any strategy created by the experts. These strategies will take the form of self-contained algorithms with pre-set parameters that will execute trades on your behalf, given the right market conditions.
The advantage of this system is that since everything acts autonomously, your portfolio will be in the best position to react to rapid market changes dictated by volatile conditions. It also takes the emotional side out of your decision-making process, meaning you can rely on the objectivity of the algorithms to avoid holding out too long or closing too soon. As with copy trading, there are also benefits for strategists who publish their strategies. Each strategy you create can be sold for a price, and those who publish a lot can also set subscription fees so that followers can access all your strategies with one payment. Together with One-Click Copy Trading and Insights, Strategy Plaza offers more options and flexibility for both novice investors and experienced traders.
Why choose Bitget?
As one of the leading cryptocurrency exchanges in the derivatives space, Bitget currently serves over eight million users in more than 100 countries worldwide. The trust and confidence placed in Bitget by users has translated into over 55,000 experienced traders providing guidance to over 1.1 million copying investors in our Copy Trading service alone. The overall trading volume has now exceeded US$64 billion, with US$300 million in total revenue for traders and US$350 million for copiers. With the launch of Bitget Insights and Bitget Strategy Plaza, these numbers are expected to continue to grow.
Of course, apart from profits, Bitget also places strong emphasis on safeguarding users’ security and privacy, and recently increased the user protection and insurance fund from $200 million to $300 million, consisting of $200 million USDT and 6500 BTC. Bitget has obtained operating licenses in a number of reputable jurisdictions, including the United States, Canada and Australia. Our cybersecurity team also listed Bitget in the top 10 exchanges for cybersecurity by Crypto Exchange Ranks, earning us 12 A+ ratings from SSL Labs.
To start your social trading journey today, head over to Bitget Sale of copies or Strategy Square pages. Find tutorial guides on how to navigate both About Bitget And Bitget Strategy Square on the site.
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