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Gate's copy trading business rebounds across the board, with average daily new contract copy trading users surging 71.3% month-over-month
PANews reported on October 20 that, according to official Gate data, the platform's contract and CFD copy trading businesses have both recently achieved significant growth in new user acquisition. During the week of October 12–18, the average daily number of new contract copy trading users rose 71.3% month-over-month, hitting a new high over the past four weeks; the average daily number of new CFD copy trading users grew 40.5% month-over-month, and new lead traders rose 16.9% month-over-month. Multiple metrics improved simultaneously, reflecting the platform's copy trading ecosystem's steadily rising appeal to new users. While the user base expanded, copy trading activity also steadily increased. Daily contract lead trading volume rose 11.9% month-over-month, and the average daily number of copy traders grew 17.9%; the average daily number of CFD copy traders and lead traders rose 15.4% and 11.4%, respectively, showing a synchronized recovery trend in both user growth and trading participation.
To build on the growth in new users, Gate launched the fourth edition of its copy trading newcomer gift campaign on October 16. Users trying copy trading for the first time can receive 20 USDT in trial funds upon registration, further lowering the barrier to entry for new users to experience copy trading; completing live copy trading and daily check-in tasks also gives them a chance to unlock a limited-time prize pool of 100,000 USDT.
Source: PANews