Volatility continues to be one of the barriers to crypto adoption; this is felt in particular by newcomers with limited trading experience. Over time It became necessary to offer trading solutions in an effort to lessen the impact of this restriction on newcomers. Copy trading adoption is one of such products, and it appears to be gaining traction.
Simply put, copy trading is a trading technique that enables less experienced traders to copy the trading strategies of the more experienced traders. By copying such techniques they get to increase their chances at making significant profits.
Copy trading has gotten increasingly popular since it was first introduced on Bitget, this has also inspired a significant increase in their users as a result of Copy trading's rising adoption and their status as the largest Copy trading exchange.
Since this product is frequently used by new traders, who were previously intimidated by the volatility of trading and ultimately turned away from the cryptocurrency space, the growth in copy trading adoption can be interpreted as a sign that cryptocurrency adoption is gaining momentum since it allows newbies to embrace trading more confidently.
As a novice, do you copy trade? Do you also prefer exchanges that offer this product ahead of others? Let's hear your thoughts
