The survey indicates that the popularity of copy trading is rising, especially in Africa.
Traders under the age of 25 account for 44% of crypto copy traders.
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 Bitget, a crypto derivatives exchange.
The
research shows Generation Z traders lead this trend, representing 44% of
all copy trading users. Additionally, while other age groups participate,
traders from Africa and Commonwealth of Independent States (CIS) countries
showed significant interest in this trading method.
Crypto Traders Love Copy
Trading
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 (ETH) at 44%. Geographically, most copy traders hail from Western
Europe (31%), East Asia (26%), and Southeast Asia (19%). Even though Africa
represents a smaller share of users, it tops the list in terms of interest in
copy trading, signifying the emerging nature of crypto markets in the region.
Source: Bitget
"These
survey results are indicative of the general market sentiment,” Gracy Chen, the
Managing Director of Bitget, commented on the release of the survey. “The use
of advanced tools, including AI-based ones, is making such strategies as copy
trading both accessible and profitable for users who do not have extensive
knowledge of trading.”
Gen Z Takes the Lead
The study
revealed that Gen Z users, who are typically tech-savvy and influenced by
social media, make up 44% of all copy traders on Bitget. They are followed by
the 25-35 age bracket (32%), the 35-55 age group (17%), and individuals over 55
(7%). About 72% of traders under the age of 25 use Bitget primarily for its copy trading
platform, with a comparable proportion of 65% seen in the 55-64 age group.
Source: Bitget
“Social
trading is a major force that is shaping the industry landscape as users are
cooperating even more as a holistic community. We at Bitget are determined to
continue improving our copy trading feature, and that coincides with the
general philosophy of our 'Smarter Trading' slogan,” Chen added.
A report by
The Insight Partners supports Bitget's findings, projecting that the social
trading industry will grow at a CAGR of 7.8% and reach $3.77 billion by 2028, which is a
significant increase from $2.2 billion in 2021.
The rising
popularity of copy trading among cryptocurrency traders is indicated by the
increasing number of exchanges beginning to incorporate it into their services.
At the start of this year, the OKX platform provided its global user base with
access to services for copying the positions of other traders.
However,
the industry is being scrutinized more seriously by regulators. In March, ESMA
announced its intent to emphasize enhanced investor protection for those using
copy trading. This is especially pertinent given that some form of it is now
offered by every third investment firm in the FX/CFD market.
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 Bitget, a crypto derivatives exchange.
The
research shows Generation Z traders lead this trend, representing 44% of
all copy trading users. Additionally, while other age groups participate,
traders from Africa and Commonwealth of Independent States (CIS) countries
showed significant interest in this trading method.
Crypto Traders Love Copy
Trading
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 (ETH) at 44%. Geographically, most copy traders hail from Western
Europe (31%), East Asia (26%), and Southeast Asia (19%). Even though Africa
represents a smaller share of users, it tops the list in terms of interest in
copy trading, signifying the emerging nature of crypto markets in the region.
Source: Bitget
"These
survey results are indicative of the general market sentiment,” Gracy Chen, the
Managing Director of Bitget, commented on the release of the survey. “The use
of advanced tools, including AI-based ones, is making such strategies as copy
trading both accessible and profitable for users who do not have extensive
knowledge of trading.”
Gen Z Takes the Lead
The study
revealed that Gen Z users, who are typically tech-savvy and influenced by
social media, make up 44% of all copy traders on Bitget. They are followed by
the 25-35 age bracket (32%), the 35-55 age group (17%), and individuals over 55
(7%). About 72% of traders under the age of 25 use Bitget primarily for its copy trading
platform, with a comparable proportion of 65% seen in the 55-64 age group.
Source: Bitget
“Social
trading is a major force that is shaping the industry landscape as users are
cooperating even more as a holistic community. We at Bitget are determined to
continue improving our copy trading feature, and that coincides with the
general philosophy of our 'Smarter Trading' slogan,” Chen added.
A report by
The Insight Partners supports Bitget's findings, projecting that the social
trading industry will grow at a CAGR of 7.8% and reach $3.77 billion by 2028, which is a
significant increase from $2.2 billion in 2021.
The rising
popularity of copy trading among cryptocurrency traders is indicated by the
increasing number of exchanges beginning to incorporate it into their services.
At the start of this year, the OKX platform provided its global user base with
access to services for copying the positions of other traders.
However,
the industry is being scrutinized more seriously by regulators. In March, ESMA
announced its intent to emphasize enhanced investor protection for those using
copy trading. This is especially pertinent given that some form of it is now
offered by every third investment firm in the FX/CFD market.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Coinbase Enters Prediction Markets as the Amazonification of Financial Platforms Gathers Pace
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
