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

Generation Z crypto financiers are more likely to engage in copy trading or social trading– a financial investment technique that involves mirroring the trades of a chosen other– according to a report from crypto exchange Bitget.In an Aug. 3 report on copy trading by Bitget, the firm revealed that out of all of its copy traders, 44% of them were under 25 years of age. 43% of British and 35% of Canadian Gen Z investors also said crypto was their very first investment.Related: Crypto trader weighs in on possible Bitcoin termination scenariosBitgets report declared many of its copy-trading users– nearly a third– were Western European but almost half hailed from either East or Southeast Asia, its next 2 largest geographic segments.Bitgets copy traders by area reveal Latin Americans were the fourth biggest group. Source: BitgetDespite making up 1% of Bitgets worldwide copy traders 62% of African users were interested in copy trading– the highest proportion of any region.NFT Collector: On-chain music sounds off with newest raise, creative duo Hackatao find their lane