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Outlook on the Social Trading Platform Global Market to 2028 - Rising Surge in Internet Penetration Globally Presents Opportunities - ResearchAndMarkets.comThe "Social Trading Platform Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Platform, End User and Asset Class" report has been added to ResearchAndMarkets.com's offering. The social trading platform market is projected to reach US$ 3,774.17 million by 2028 from US$ 2,229.56 million in 2021. It is expected to register a CAGR of 7.8% from 2021 to 2028. Social trading is a type of investment that allows users to watch how their peers and trading professionals act to duplicate or copy their trading techniques. It takes very little financial market understanding and saves money as compared to hiring traditional wealth managers. It follows social media norms, which are primarily communication, information sharing, mutual assistance, and collaboration. Traders can either mimic other people's deals or deploy their funds proportionately in the same portfolio. Social trading is a method of assessing financial data that involves observing other traders and comparing and imitating their approaches and plans. As a result, the beginners' trading game improves while the chance of losing money decreases. Based on the platform, the social trading platform market is segmented into PC and mobile. The trading apps in mobile have made life easier for the traders as well as stock brokers. Mobile trading has become a growing rage amongst young traders as it has made the entire trading experience much efficient. Thus, growth in mobile segment is expected to drive the social trading platform market over the forecast period. Based on end users, the market is segmented into individual traders and professional traders. Retail investors typically invest in stocks and bons but mostly in stocks since bonds are difficult to trade on most trading platforms Retail individual does trading through mobile based applications owing higher reliability and easy to operate. Thus, associated advantages and growing trend among young population is fueling the individual traders to invest in exchange market which is further anticipated to drive the social trading platform market growth. Based on asset class, the market is segmented into equity, commodity, derivatives, crypto, and others. Increase in demand for crypto currency among banks, and financial institutions and untapped potential from emerging economies are expected to provide lucrative growth prospects for adopting crypto. Growing demand for application based platform is the most convenient medium for trading the crypto which is further fueling the social trading platform market over the forecast period. The social trading platform market, based on geography, is segmented primarily into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for the largest share in the global augmented social trading platform market Reasons to Buy
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For more information about this report visit https://www.researchandmarkets.com/r/2litfb
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