What is On-Chain Copy-Trading?

The growing industry of decentralized finance (DeFi) is becoming more of a hot topic, as people look for options to not only jump into the sector, but also gain important knowledge from those in the industry. Networking our way into trading and opportunities can be intimidating, but the introduction of an all encompassing on-chain copy-trading platform could potentially offer an unparalleled opportunity for new and experienced traders — and all in between — to gain a new understanding of the field, gain exposure into new assets and deploy profitable trades.

What is Copy-Trading

Copy-trading is a form of portfolio management in which a trader can mimic another trader by copying their trades or entire portfolio by employing an automated service that proportionally replicates the transactions made by a leader in a user’s wallet or account. This permits any trader to emulate and learn from their peers that have proven track records. Copy trading was originally inspired from mirror trading, which is when algorithmic traders would copy each other’s algorithms that are intended for automated trading. Mirror trading blossomed into copy-trading and then into social trading, which is simply a group of people sharing research together, like with signal groups. 

What is On-Chain Copy-Trading?

On-chain copy-trading is an automatic form of copy-trading that replicates another user’s on-chain transactions — transactions that were done on the blockchain. It enables users to not only input a wallet address and replicate all of its valid transactions in their own copy-trade wallet, but also to define those restrictions on their wallet instead of the protocol defining the restrictions. 

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Disclaimers:

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by Synchrony or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

All Content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in this article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

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