For most retail investors, trading has traditionally been a solitary exercise, making the barrier to entry relatively high. Information on trading instruments and market conditions can often be hard to come by or sometimes too complicated for beginners. Here at Bitget, the organization is committed to removing this barrier by making trading a social, 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 allow traders to more easily share their knowledge and insights on market conditions and trends, giving users the space and opportunity to constructively collaborate. Along with other social trading products like One-Click Copy trading, Bitget benefits investors with a number of crypto social trading features.
What is Social Commerce?
Social trading focuses on bringing investors and traders together by combining the interaction of social media platforms with the world of finance and trading. Through platforms built specifically for the industry, users can share their ideas and strategies with each other, so that beginners can better understand what the experts are doing, and experienced professionals can gain a healthy following that can become an alternative source on Bitget. from income.
The system allows collaborative efforts to flourish and effectively lowers the barrier to entry into the world of cryptocurrencies, while giving users more confidence as they make more informed financial decisions. According to a market forecast by The Insight Partners, the global market for social commerce is currently worth US$2.23 billion and is expected to grow to US$3.77 billion by 2028. With an expected CAGR of 7.8%, social commerce is fast becoming the new face. There is no better time than now to join the financial and trend.
Find out how the pros trade with Bitget Insights
While our One-Click Copy Trade service makes life as easy as possible for users to ride on the success of more experienced professionals, the system fails to encourage deeper communication than most social media platforms encourage. This is where Bitget Insights comes into play. Basically, the latest creation is a news feed where expert traders can share their thoughts and opinions on market conditions and trends, and explain to their followers in more detail not only what positions to open or close. , but also the reasons behind their decisions. Registered accounts can post analysis accompanied by charts and images to explain various cryptocurrency movements and possible future predictions. Through this community, beginners and amateur traders can learn more about cryptocurrency trading, while professionals can build a following that can further replicate or convert their strategy to an alternative source of income. Now that strategies have been mentioned, let’s turn to Bitget’s other new release: Strategy Plaza.
Benefit from professional experience 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 copy their positions directly (albeit with their own risk parameters), Strategy Plaza instead allows retail investors to copy any strategy created by experts. These strategies will take the form of autonomous algorithms with certain parameters that will execute trades on your behalf given the right market conditions.
The benefit of this system is that since everything moves autonomously, your portfolio will be in the best position to react to rapid market changes dictated by volatile conditions. It also removes the emotional side of your decision-making process, meaning you can rely on the objectivity of algorithms to prevent you from holding on too long or closing too early. As in the case of copy trading, there are advantages for strategists who publish their strategies. Each strategy you create can be sold for a price, and publishers of many can set a subscription fee so followers can get access to all of your strategies under one umbrella fee. Together with One-Click Copy Trading and Insights, Strategy Plaza offers more options and flexibility for both beginner investors and expert traders.
Why choose Bitget?
Bitget, one of the leading cryptocurrency exchanges in the field of derivatives, currently serves more than eight million users in more than 100 countries around the world. The trust and confidence placed in Bitget by users has translated into over 55,000 expert traders and leads over 1.1 million copycat investors in our Copy Trading service alone. Total trading volume now exceeds US$64 billion, with total revenue for traders at US$300 million and copiers at US$350 million. With the launch of both Bitget Insights and Bitget Strategy Plaza, these numbers are expected to continue to grow.
Of course, profits aside, Bitget also places great importance on protecting users’ security and privacy, and recently increased its user protection and insurance fund from USD 200 million to USD 300 million, consisting of 200 million USDT and 6,500 BTC. Bitget has obtained operating licenses in numerous valid jurisdictions, including the United States, Canada and Australia. Our Cyber Security team also ranked Bitget in the Top 10 Exchanges for Cyber Security from Crypto Exchange Ranks, earning us a 12 A+ rating from SSL Labs.
Head over to Bitget to start your social commerce journey today Copy Trading or Strategy Plaza pages. Find instructions for navigating both Bitget Insights and Bitget Strategy Plaza on the website.
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