Every second resident of the CIS prefers copy trading — Bitget research
Date: 2023-08-04 Author: Karina Ziganova Categories: BLOCKCHAIN, IN WORLD
Copy traders are located mainly in Western Europe, as well as in Eastern and Southeast Asia. Among these regions, Western Europe accounts for the largest share — 31%. It is followed by East Asia (26%) and Southeast Asia (19%).
Residents of the CIS countries accounted for only 5% of the total number of copy trading users. However, it is in this region that copy trading has become one of the most preferred products — 53% of users from the CIS come to the platform precisely because of this function.
The share of the African region is small relative to all users of copy trading. However, it demonstrates the highest level of interest in copy trading — 62% of users chose this product as the most attractive for trading.
Zoomers choose copy trading
According to the study, the generation of buzzers (up to 25 years old) made up 44% of the total number of copy trading users. It is followed by the age group of 25-35 years, whose share was 32% among all users of copy trading. Users 35-55 years old and over 55 years old account for 17% and 7%, respectively.
For the majority of crypto traders under the age of 25 (72%), copy trading became the main reason for using the platform. At the same time, although the total number of traders of the older generation is insignificant, their interest in copy trading is high — 64% of users aged 55-64 choose the exchange precisely because of copy trading.
Almost all users get profit and spend less time
According to research, in the first half of 2023, 93% of futures copy trading users made a profit. For the spot market, this share was 82%. In total, as a result of 16 million transactions, users received a profit of $74 million.
At the same time, the average time spent on the stock exchange by copy traders was 23% less than that of users trading independently. Bitget believes that such data indicates more rational and effective trading for those who use copy trading strategies.
