Despite the crypto market being faced with a lot of bearish pressure over the last six odd months, there is enough evidence to suggest that this rapidly evolving space will continue growing at a solid pace in the near-to-mid term. To this point, research studies show that the digital asset market is set to expand and reach a total valuation of approximately $32T by 2027,  growing at a compound annual growth rate (CAGR) of 58.4%.

What these numbers seem to clearly suggest is that over the coming few years, more and more investors/traders will make their way into this industry. And, with this influx, it is highly likely that the use of crypto social trading platforms - i.e. social networks for traders - will surge even further.

This is because these offerings allow their users to not only purchase various assets, CFDs, ETFs, and cryptocurrencies but also connect them with other traders. To elaborate, they allow individuals to mirror the actions of other market analysts, share and discuss analyses and predictions, and ask questions, so as to help maximize their profit potential.

In this article, we will seek to list some of the most prominent crypto-social trading platforms in the market today. So without any further ado, let's jump straight into the heart of the matter.

Zignaly

Zignaly is best described as a social investment platform that comes replete with a whole host of cryptocurrency-based profit-sharing services. The platform has been designed to provide novice crypto investors with a seamless investing experience, allowing them to leverage the skills of seasoned traders listed on Zignaly's profit-sharing marketplace. Put simply, the platform works based on the 'all of the profit, none of the work' thematic. 

Trusted by 430,000 users with $125 Million in crypto assets and $5.8 Billion in value traded, the top profit-sharing services listed at Zignaly have produced jaw-dropping returns ranging from ~300% to ~800% over the past 12 months. How did they achieve it, you may ask? And the answer to that is Zignaly's stringent listing requirements prioritizing risk management and consistent performance over everything else. That's evident as you scroll through the marketplace and see services with consistent returns and smooth equity curves.

It is also worth mentioning that Zignaly has been around since 2018 and has survived some of the darkest days in crypto-winters. We have seen them build from merely a signal-providing service to a full-fledged investment management platform, offering trading solutions and staking options under the Zignaly Vault (they have distributed over $1.2 million in staking rewards so far). Zignaly is known as the pioneer of copy trading technology in the industry. However, they quickly evolved into a Profit-sharing platform, based on the logic that it is a performance-driven model, so the Trader makes money only when the investor does, and it produces identical results for the participants, thanks to the pooled management approach. Backed by the Binance Broker Program, Zignaly guarantees the security of its users' investments with an emergency insurance fund, better known as SAFU.

What's more, Zignaly charges no upfront fee, you pay only when the trader turns up a profit, and you may start with as little as $1- unlike similar platforms available today. Their native profit-sharing technology allows users to implement the trades of various experts, thus mitigating a whole host of financial risks in the process. We have found Zignaly to be a viable solution for those looking to leverage the skills of seasoned professionals rather than experimenting with their crypto assets in a self-managed exchange account setting. Profit Sharing is a fair, transparent, hassle-free system for crypto enthusiasts and investors. 

eToro

One of the most popular social trading platforms in the market today, eToro has been designed to help amateur as well as experienced traders connect, follow, and profit from the expertise of other, more seasoned veterans. Super functional yet extremely simple to navigate, eToro's native interface comes with some of the most innovative trading features that any investor could ask for while providing support for numerous cryptocurrencies, stocks, commodities and FX pairs. Not only that, the platform allows crypto users of varying technical acumen to seamlessly tap into one of the world's largest social trading communities.

On a technical note, eToro comes with the option to alter one's risk and exposure levels, thereby allowing clients to not be completely dependent on the activities of other traders. Lastly, the platform features thousands of traders whose identities have been duly verified using stringent KYC processes. 

Bybit

Bybit is an extremely popular trading ecosystem that has gained a massive following over the last few years. Its design helps clients source out industry veterans to copy, open/close all of their trades seamlessly. Additionally, principal traders have the option to allow other users to make use of their trades in lieu of 10% profit from each follower. Also, from a utilitarian standpoint, ByBit currently supports in excess of fifteen different cryptocure trading pairs including highly popular options such as BTC/USDT, ETH/USDT, XRP/USDT, etc.

In other words, Bybit acts as an all-in-one social trading solution that not only features a ton of advanced market tools but also educational resources. Not only that, it also offers leverage  of upto 100x in relation to its various crypto orders, something that only a few other platforms can boast of.

NAGA

Naga is an innovative crypto brokerage solution that lays a lot of importance on social networking. Much like many of the options listed out above, the platform comes with an automated trading feature that allows users to implement the strategies of other traders and earn money in the process. Also, Naga's native interface is designed in such a way that it makes it possible for users to share their ideas, investment ideas with other traders with the touch of a button using two distinct modules called NAGA Feed and NAGA Messenger.

At press time, the ecosystem supports nearly 1,000 unique assets including cryptocurrencies, forex, stocks, CFDs. On an operational front, the platform allows users to execute their orders in real-time using its mobile or web interface. Finally, users have the option of soliciting the services of a personal account manager using NAGA.

3Commas

The last entry on our list is 3Commas, a crypto social trading platform that provides clients with access to plug-and-play crypto trading bots. Not only that, the project's ecosystem is extremely vast such that professional as well as amateur traders can seamlessly share their ideas, tactics with one another, allowing the 3Commas community as a whole to prosper and grow.

On an operational front, 3Commas supports a number of exchanges while making use of advanced cold wallet solutions to ensure a high degree of safety in relation to its clients' funds. In essence, the platform offers a wide array of trading bots and strategies while being quite affordable in terms of its native pricing structure. However, the only downside of the project is that its user interface is quite complicated, thus making it a bit difficult for newer traders to navigate.