Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain Press Releases

Bitget Report: 44% of Copy Traders are Gen Z, Showing Highest Interest

Published

on

bitget-report:-44%-of-copy-traders-are-gen-z,-showing-highest-interest

VICTORIA, Seychelles, Aug. 3, 2023 /PRNewswire/ — Bitget, top crypto derivatives and copy trading platform, has released the results of research entailing the copy and social trading phenomenon on its platform. The data reveals that Generation Z users account for 44% of all copy trading users, exhibiting the highest interest in this strategy while the older crypto traders also leverage copy trading to gain professional insights. The data also shows that African users have the most interest in copy trading, followed by CIS countries.

The research conducted by Bitget took into account a pool of active crypto traders who engaged in trading operations throughout the year. In the first half of 2023, over 109,000 followers experienced profitable returns from applying copy trading techniques, resulting in more than 74 million in cumulative profits in USDT terms. Among the users who employed copy strategies for futures trading in this period, an impressive 93% of them made profits. For spot copy users, the share was 82%. Bitcoin proved to be the most common asset traded via copy trading, accounting for 52%, followed by ETH with 44%.

Geographically, the exchange’s copy traders are primarily located in Western Europe, East Asia, and Southeast Asia. Among these regions, Western Europe accounts for the largest share with 31% of all copy trading users, followed closely by East Asia at 26%, and Southeast Asia at 19%. Although African users account for a small proportion, they exhibit the highest levels of interest due to the emerging nature of crypto markets in Africa, where users are often less experienced and more inclined to use copy trading as a starting point.

Copy trading user demographic/ region

 

When it comes to demographics, the copy trading feature is especially popular among tech-savvy Gen Z users, who tend to seek investment advice from their favorite social media influencers. This group (below the age of 25) accounts for  44% of all copy traders on the platform, followed by the 25-35 age group at 32%. Those aged 35-55 account for 17% of users, while individuals over 55 make up 7%. It is worth noting that, although there are fewer older copy traders, their interest in copy trading is high. The data shows that 72% of traders under 25 indicated an interest in Bitget’s copy trading platform, which is also the main reason they use Bitget. At the same time, this proportion reached 65% in the 55-64 age group. Older crypto traders tend to use copy trading strategies to seek professional investment advice.

Copy trading user demographic/age

The study by Bitget supports the findings recently revealed in a report by The Insight Partners, which states that the social trading industry is growing at around 7.8% CAGR, and is expected to achieve a mark of $3.77 billion by 2028. Such growth from $2.2 in 2021 underscores the importance of the Bitget exchange’s engagement in advancing the popularity of copy trading.

“These survey results are indicative of the general market sentiment. 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. 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 – a key element of our current rebranding effort,” as Gracy Chen, the Managing Director of Bitget, commented on the release of the survey.

The full version of the Bitget study is available here.

Advertisement

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange that offers Copy Trading services as one of its key features. Serving over 20 million users in more than 100 countries and regions, the exchange is committed to helping users trade smarter by providing a secure, one-stop trading solution. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit: Website  |  Twitter  |  Telegram  |  LinkedIn  | Discord

Photo – https://mma.prnewswire.com/media/2168874/Bitget_Report_44__Copy_Traders_Gen_Z_Showing_Highest_Interest.jpg
Photo – https://mma.prnewswire.com/media/2168875/Copy_trading_user_demographic_region.jpg
Photo – https://mma.prnewswire.com/media/2168876/1.jpg
Photo – https://mma.prnewswire.com/media/2168877/2.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/bitget-report-44-of-copy-traders-are-gen-z-showing-highest-interest-301892564.html

Advertisement
Continue Reading
Advertisement

Blockchain Press Releases

From DeFi to Tokenization: Bybit’s Shunyet Jan Explores the Future of Crypto Trading at iFX EXPO

Published

on

from-defi-to-tokenization:-bybit’s-shunyet-jan-explores-the-future-of-crypto-trading-at-ifx-expo

DUBAI, UAE, Jan. 20, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, was presented by Shunyet Jan, Head of Derivatives Business and Institutional Sales, at the iFX EXPO.

Shunyet joined an expert panel titled “Crypto Trading: Finding the Evergreen” to discuss the evolving dynamics of the cryptocurrency market. The session, moderated by Karnika E. Yashwant, Founder and Chairman of KEY Difference, featured Wael Makarem, Financial Markets Strategists Lead at Exness, alongside Shunyet. Together, the panelists explored the concept of “evergreen” strategies in crypto trading, examining how to identify and implement approaches that stand the test of time.

Reflecting on the discussion, Shunyet Jan said, “The iFX EXPO brought together some of the sharpest minds in trading and crypto to tackle the hard questions that define success in a volatile market. Sitting alongside Wael Makarem and Mr. Key on the panel, we delved into the forces shaping crypto’s future – from the integration of AI to the shifting role of institutional players and evolving regulations. Conversations like these are crucial for advancing the industry and helping participants find the ‘evergreen’ in an ever-changing landscape.

Key discussion points included navigating market volatility, leveraging AI and machine learning for sustainable strategies, the role of institutional players and evolving regulations, and the importance of psychological resilience in long-term trading success. They also analyzed emerging market trends, such as DeFi and tokenization, and shared practical tips for avoiding common pitfalls and building diversified portfolios that thrive in a volatile environment.

Shunyet Jan also led a Gold and Forex workshop at Bybit’s Dubai HQ, generating strong interest in the platform. Bybit’s new MetaTrader-5 license provides professional traders with access to gold, forex, and cryptocurrencies, offering advanced tools, up to 500x leverage, competitive fees, and an intuitive interface for a seamless trading experience.

Advertisement

The iFX EXPO, the online trading industry’s biggest event series, bridges the world’s top brands with like-minded professionals, traders, and more. It has grown into a global standard, providing every individual a hub to network, exchange ideas, and grow their business. The iFX EXPO remains a vital platform for fostering dialogue and collaboration among industry leaders, and Shunyet’s contributions underscore Bybit’s commitment to advancing the cryptocurrency space.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press 
For media inquiries, please contact: [email protected] 
For updates, please follow: Bybit’s Communities and Social Media

Advertisement

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Bybit Logo

Photo – https://mma.prnewswire.com/media/2601577/Bybit_s_Shunyet_Jan.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/from-defi-to-tokenization-bybits-shunyet-jan-explores-the-future-of-crypto-trading-at-ifx-expo-302355234.html

Continue Reading

Blockchain Press Releases

KuCoin Appoints BC Wong as CEO to Lead Compliance and Global Expansion

Published

on

kucoin-appoints-bc-wong-as-ceo-to-lead-compliance-and-global-expansion

VICTORIA, Seychelles, Jan. 20, 2025 /PRNewswire/ — KuCoin, a globally recognized cryptocurrency exchange, has announced the appointment of BC Wong as its new Chief Executive Officer (CEO). This strategic decision underscores KuCoin’s commitment to global growth, innovation, and regulatory compliance.

BC Wong, widely known within the organization as “BC,” is a seasoned leader with extensive experience in the cryptocurrency industry. As a key member of KuCoin’s leadership team, his expertise and strategic vision have been instrumental in establishing KuCoin as a reliable platform for millions of users worldwide.

Throughout his tenure, BC has advanced global regulatory engagement while skillfully navigating industry challenges. Under his leadership, KuCoin remains dedicated to prioritizing user-centricity, robust security, and technological innovation.

“Our priority is to build a reliable platform for our users,” BC stated. “As CEO, I am focused on enhancing our global presence and fostering collaboration with regulators to create a secure, inclusive financial ecosystem. Together with our partners and users, we will shape the future of finance.”

Focus on Compliance and Reliability

Advertisement

A Singaporean with a Juris Doctor degree from Singapore Management University and a master’s degree from George Washington University, Wong brings a global perspective to KuCoin. In his previous role as Chief Legal Officer, he spearheaded efforts to secure regulatory licenses and strengthen relationships with regulators, reinforcing KuCoin’s commitment to compliance.

Wong has been instrumental in collaborating with regulators across the EU, Asia, the Middle East, and Africa, reinforcing KuCoin’s reputation as a compliant and secure platform. His strategic efforts have reinforced KuCoin’s commitment to providing a safe and reliable trading environment on a global scale.

Empowering Users Globally

KuCoin is dedicated to democratizing access to cryptocurrency through secure and innovative solutions. By expanding its presence in key markets, the company continues to provide seamless, user-friendly experiences for investors worldwide.

Under BC’s leadership, KuCoin has also prioritized Corporate Social Responsibility (CSR), partnering with organizations such as the Global CSR Foundation and the American Medical Women’s Association. Notable initiatives include participation in the UN COP28 Climate Change Conference, Green Blockchain Projects, the Light Up Africa Program, and the Climate Change Bucket initiative, benefiting over 50,000 women and children globally.

Advertisement

About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 38 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.

Photo – https://mma.prnewswire.com/media/2601542/BC_Wong_CEO_KuCoin.jpg
Logo – https://mma.prnewswire.com/media/2356857/KuCoin_Horizontal_Green_LOGO_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/kucoin-appoints-bc-wong-as-ceo-to-lead-compliance-and-global-expansion-302355187.html

Continue Reading

Blockchain Press Releases

The Moskowitz Law Firm, PLLC Announces Preliminary Approval of a Proposed Class Action Settlement on Behalf of Purchasers of Astrals Non-Fungible Tokens and Galaxy Tokens

Published

on

the-moskowitz-law-firm,-pllc-announces-preliminary-approval-of-a-proposed-class-action-settlement-on-behalf-of-purchasers-of-astrals-non-fungible-tokens-and-galaxy-tokens

MIAMI, Jan. 18, 2025 /PRNewswire/ — The Moskowitz Law Firm, PLLC announces the preliminary approval of a proposed class action settlement that would benefit purchasers and legal title holders of Astrals Non-Fungible Tokens or Galaxy Tokens:

On January 14, 2025, the United States District Court for the Southern District of Florida preliminarily approved a proposed settlement of a class action captioned Harper v. O’Neal, Case No. 23-CV-21912-MORENO. The settlement class includes persons and entities who, from May 24, 2022 to January 14, 2025, purchased Astrals NFTS and/or who, before January 14, 2025, purchased GLXY tokens.

Claims for settlement benefits must be submitted by April 17, 2025. Objections to the settlement and requests for exclusion from the settlement must be received by March 3, 2025 in accordance with the instructions in the Class Notice, which is posted on the settlement website www.astralsnftsettlement.com. The Court will hold a Final Approval Hearing on April 1, 2025, at 9:30 a.m. For more information about the settlement and its terms please visit www.astralsnftsettlement.com.  

If you have questions about any matter in this Class Notice, please contact the following representative of Class Counsel, who can answer questions:

Adam M. Moskowitz
The Moskowitz Law Firm, PLLC
P.O. Box 653409
Miami, FL 33175
(305) 740-1423 
[email protected]
[email protected] 

Advertisement

View original content:https://www.prnewswire.co.uk/news-releases/the-moskowitz-law-firm-pllc-announces-preliminary-approval-of-a-proposed-class-action-settlement-on-behalf-of-purchasers-of-astrals-non-fungible-tokens-and-galaxy-tokens-302354645.html

Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE