Cryptocurrency exchange Bitget, ranked in the top 5 trading platforms in the world according to CoinGecko data, has announced the launch of “Bitget Insights” to help traders share their social trading strategies on social networks.
With this new Bitget integration, new traders will be able to more easily view the information shared by more experienced traders and copy it to make their own strategies. Compared to existing social media platforms, Bitget will ensure that everything shared is from verified traders.
Bitget is among the exchanges in the market that stands out precisely because of its copy trading platform, which is better defined by the company as social trading. In essence, verified traders can share their strategies with less experienced traders and let the latter emulate them and make revenue shares of gains.
For this reason, only traders who meet certain criteria, including being actually verified on the Bitget platform, will be able to share and post on Bitget Insights.
Indeed, malicious actors are often common in the crypto world and beyond, and scams are common. This makes it difficult for new traders to make informed decisions. Because traders are verified based on actual trading data that has occurred on the exchange, Bitget Insights in this way is able to provide better protection for new users.
Gracy Chen, CEO of Bitget, said:
“Innovative trading products and social trading services are Bitget’s quintessential and key features. Bitget is a pioneer in crypto social trading thanks to the way it works to improve products through innovation. On ‘Bitget Insights’, the social trading platform where valuable information is more accessible to everyone, the curated and verified traders and selected opinion leaders can post their chart analysis, technical strategies and articles, to share their insights with followers.
Above all, we are actively listening to our community and we know that a lot of the information and misinformation about Web3 can be difficult to navigate, especially for new investors. As a crypto CEX (Centralised Exchange), we are in a unique position to help traders and Web3 investors gather information and glean insights from verified traders on our platform. Ultimately, this makes crypto more accessible to wider markets or individuals who might otherwise be hesitant about Web3.”
A 100k BGB token prize for trading on Bitget
To celebrate the launch of Bitget Insights, the exchange has decided to create a user-generated content campaign, including a contest for users who post insights and original content on the platform.
Winners will be able to share up to $100,000 in the exchange’s native token, BGB, souvenirs autographed by Bitget’s latest partner, Lionel Messi, and other prizes.
What is Bitget
Founded in 2018, Bitget is a crypto trading exchange that also allows people to sell and trade against fiat currency.
In 2021, Bitget became a sponsor of the Italian soccer team Juventus, and recently soccer player Lionel Messi became an ambassador of the platform.
The exchange is currently used by more than 2 million users in more than 50 countries around the world and has a team of 600 people in-house.
Source: https://en.cryptonomist.ch/2022/11/03/bitget-launches-insights-social-trading/