Retail Traders with Crypto Accounts Gain CFD Copy Trading Access at Bitget

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Bitget has launchedCFD Copy Trading, expanding its offering into traditional financial markets andallowing users to automatically follow professional traders across forex,commodities, and indices from within its platform. The company said the featureis part of its push to connect crypto trading with broader asset classesunder a single account structure.SingaporeSummit: Meet the largest APAC brokers you know (and those you still don't!).Copy trading hasaccounted for around6 to 20 per cent of total trading volume at brokerages in recent years,according to Brokeree Solutions. The firm said brokers actively running copytrading campaigns can reach 10 to 20 per cent of volume in 2024. It also noteda 16 per cent rise in demand for copy trading technology and more than 50broker launches last year.Bitget Launches CFD Copy TradingThe launch comes afterBitget said its CFD business recently surpassed $6 billion in single-daytrading volume. The company linked the increase to heightened volatility acrossglobal markets, including movements in gold, oil, major currency pairs, and equityindices.It also said more crypto-native users have been seeking exposure tonon-crypto markets as macroeconomic conditions become more interconnected.Bitget said access tothese markets remains uneven for retail users who do not actively followmacroeconomic developments or trade across multiple asset classes.The CFD CopyTrading product is designed to reduce that gap by allowing users to mirror strategiesfrom selected traders starting from 50 USDT. It uses the same copy tradingframework already applied to the company’s futures and spot products.MT5-Based CFD Copy Trading System“More users are payingattention to macro movements because the opportunity set has widened beyondcrypto alone,” said Gracy Chen, chief executive officer of Bitget. She saidcopy trading is intended to lower execution barriers for users who want exposureto global markets without building trading expertise from scratch.The product is builton Bitget’s MT5-integrated CFD infrastructure. The company said accountcreation and withdrawal processing are completed in under three seconds throughan automated system. It also introduced a High-Water Mark profit-sharing model,under which traders earn a share of profits only when follower accounts reach anew net profit high after recovering previous losses.Bitget saidperformance data, including return on investment, follower counts, andprofit-sharing figures, will update hourly. Profit-sharing settlements areprocessed daily. Eligible traders can receive up to 30% of profits, dependingon account structure and VIP status.This article was written by Tareq Sikder at www.financemagnates.com.