Bitget Unveils New Smart Copy Mode to Help Novice Crypto Traders

<p>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).</p><p>Bitget Upgrades Copy
Trading Feature to Allow Asset-Based Investing</p><p>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.</p><p>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.</p><p>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."</p><p>Copy
trading services are a crucial part of the <a href="https://www.financemagnates.com/terms/e/exchange/">exchange</a>'s offerings, especially
<a href="https://www.financemagnates.com/cryptocurrency/gen-z-dominates-crypto-copy-trading-space-85-make-profit/" target="_blank" rel="follow">popular among Generation Z</a>, 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 <a href="https://www.financemagnates.com/forex/analysis/is-copy-trading-still-popular-in-2022/" target="_blank" rel="follow">$4 billion industry</a> within the next four years. </p><p>Finance
Magnates reported last week that Bitget's crypto wallet service <a href="https://www.financemagnates.com/cryptocurrency/bitget-introduces-getscribe-for-improved-blockchain-access/" target="_blank" rel="follow">introduced a new
inscription system</a> named GetScribe. With this move, Bitget Wallet aims to
improve access to omnichain inscriptions by offering inscription management
across 19 different blockchains.</p><p>Bitget’s User Base Reaches
20 Million</p><p>According
to a report published by the exchange at the beginning of 2024, <a href="https://www.financemagnates.com/cryptocurrency/bitget-marks-2023-end-with-94-jump-in-spot-volumes-and-12-million-new-users/" target="_blank" rel="follow">last year saw an increase of 94% in crypto spot volumes</a>. </p><p>"Though
originally focused on futures products, we reopened the spot market," said
Chen. "In 2023, we went all-in in spot trading and our efforts have paid
off significantly."</p><p>Bitget additionally experienced more than a doubling of its user base from 8 million to 20 million
in 2023. The company has significantly increased its employment, currently
exceeding 1,500 employees.</p>

This article was written by Damian Chmiel at www.financemagnates.com.