Social trading can be described as those activities that engage or facilitate interactions among traders to strengthen the crypto community. On the other hand, copy trading is an element of social trading that allows users to mimic the trading patterns of other traders, in particular, experienced or professional traders.
As industry players and professionals in the cryptocurrency and blockchain space, it’s helpful to understand why these terms are different and how they are similar. Not only will we better understand these concepts but it also makes it easier when explaining them to those who might be new to the industry.
Daly Young has led many projects throughout his career that allowed him to gain a wealth of experience and knowledge about the finance and technology sectors. Daly pursued and completed his bachelor’s degree in communication engineering at Shanghai Jiao Tong University — one of the top five prestigious universities in China. Right after, Young kick-started his career journey with Tencent, one of China’s top tech conglomerate giants, and was employed as the product manager for five years. He later moved on to Futu Securities International (Hong Kong) Limited, a fintech company ranked among Asia’s top online brokerages. Daly now works as the product lead for Bingbon.