For most traders, trading is traditionally done individually, so the barrier to entry is relatively high. Information about trading instruments and market conditions is often difficult to obtain or sometimes too complex for beginners to grasp. At Silk Exchange, the organization is determined to remove this barrier by turning trading into a social collaboration event that traders can participate in together.
To further enhance the social trading experience, Silk Exchange has created a social matrix where traders can more easily share their knowledge and opinions on market conditions and trends through interaction, providing users with the space and opportunity to engage in constructive collaboration. At the same time, the one-click copy trading product of Silk Exchange has been tested, and I believe that after the copy function is launched, traders will be able to better appreciate the unique advantages of Silk Exchange.
Silk Exchange Innovation proposes a new concept: Social Trading – Social Trading focuses on bringing traders and traders together by combining the social platform with the interconnectedness of the financial and trading world. With a platform built specifically for the industry, users can share their ideas and strategies with each other, allowing beginners to better understand what experts are doing, while seasoned professionals can gain a healthy following on the Silk exchange to become an alternative resource income.
It is reported that the social system is under development, and after it is launched in the future, it can effectively lower the threshold for entering the cryptocurrency world, while making more informed trading decisions for users and boosting market confidence. According to the authoritative market**, the global social trading market is currently worth $2.23 billion and is expected to grow to $3.77 billion by 2028. With a CAGR of 7 8 expected, social trading is fast becoming the new face of the financial world, and there's no better time to join the trend.
The head of the product of Silk Exchange said: "Although our trading service makes it as convenient as possible for users to take advantage of the success of experienced professionals to quickly reach shortcuts, there is still a lot of room for growth in the system, which is also the future development direction of Silk Exchange. Essentially, the latest product is a mystery where expert traders can share their views and opinions on market conditions and trends, explaining in more detail to their followers, not just the positions they will open or close, but also the reasons behind their decisions. Users can post analyses with charts and graphs to explain the movements of various cryptocurrencies and their views on the future**. Through this community, beginners and amateur traders can learn more about cryptocurrency trading, while professionals can create followers for themselves, which can then be converted into more copiers or subscribers to support their alternative income**.
The Silk exchange is ready to build on the success of one-click copy trading and provides greater flexibility in terms of expertly recommended trading, allowing users to discover professional traders and copy their positions directly (albeit with their own risk parameters), and users have access to autonomous algorithms that set parameters, and these strategies will execute trades on your behalf under the appropriate market conditions.
The benefit of this system is that since everything runs autonomously, your trading portfolio will be able to best react to rapid market changes caused by volatile conditions. It also removes the emotional element from the decision-making process, which means you can rely on the objectivity of the algorithm to prevent holding on for too long or ending it too soon. Compared with traditional one-click copy trading, Silk Exchange provides more options and flexibility for novice traders and expert traders, and I believe everyone is looking forward to the launch of this product.
As one of the leading cryptocurrency exchanges in the derivatives space, Silk Exchange currently serves more than 1 million users in many countries around the world, with a daily trading volume of more than 10 billion, and it is believed that these numbers are expected to continue to grow with the launch of Silk Exchange's social products.
Of course, in addition to revenue, Silk Exchange also attaches great importance to protecting the security and privacy of users, and it is reported that Silk Exchange has obtained licenses in the United States, Canada and other trusted jurisdictions, and is a truly compliant operation exchange.