November 23, 2024

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Nearly half of crypto copy traders are Gen Z, says Bitget report

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Nearly half of crypto copy traders are Gen Z, says Bitget report

Generation Z crypto investors are more likely to engage in copy trading or social trading, an investment method that involves mirroring someone else’s trades, according to a report from crypto exchange Bitget.

In an Aug. 3

Bitget’s report claimed most of its copy-trading users — nearly a third — were Western European but nearly half hailed from either East or Southeast Asia, its next two largest geographic segments.

Bitget’s copy traders by region show Latin Americans were the fourth largest group. Source: Bitget

Despite making up 1% of Bitget’s global copy traders, 62% of African users were interested in copy trading — the highest proportion of any region.

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