A recent study conducted by the cryptocurrency exchange Bitget has shed light on the trading preferences of Generation Z investors. The research indicated that young crypto investors from Generation Z are displaying a notable inclination towards copy trading or social trading.
According to Bitget’s report dated August 3rd, a significant 44% of all copy traders on their platform were found to be under the age of 25. Following closely behind were individuals aged between 25 and 35, constituting just below one-third of the total.
In contrast, the older demographic, specifically those between the ages of 35 and 55, made up a modest 17% of the copy traders. An even smaller proportion, a mere 7%, was represented by investors over the age of 55.
The report from Bitget put forth a possible explanation for Generation Z’s strong inclination towards copy trading. It suggests that the tendency of young investors to rely on social media influencers for investment guidance could be a driving factor behind their engagement with copy trading.
In the United States, 44% of Generation Z investment journey with cryptocurrencies, surpassing the figure of 35% among millennials. A similar trend was observed among British and Canadian Generation Z investors, with 43% and 35% respectively choosing crypto as their first investment.
Geographically, Bitget’s report indicated that a substantial portion of its copy-trading user base, nearly a third, hailed from Western Europe. The next two largest segments were attributed to East and Southeast Asia, accounting for almost half of the uses.
An intriguing revelation from the report was the disproportionately high interest in copy trading among African users. Despite constituting just 1% of Bitget’s global copy-trading community, a significant 62% of African users expressed keen interest in this trading approach, the highest proportion across all regions.
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