League of Traders: Bringing Transparency and Fun to Crypto

"Crypto's biggest challenges are rooted in the industry's lack of transparency. League of Traders is addressing this by providing users with tools and data that help them make smarter investment decisions," said John-Ting Li, co-founder and CEO of the crypto social trading platform.

League of Traders is a social trading platform that allows users to track and share real-time trading data across multiple exchanges. At the time of publication, League of Traders has amassed 150,000 users worldwide, with over 40,000 monthly active users and a monthly trading volume of approximately 15 billion USD, highlighting its impressive scale.

A key feature of the platform is the global ranking of top traders, allowing users to see how traders from leading exchanges achieve success by analyzing their portfolios. Users can connect both domestic exchanges like Upbit and Bithumb, as well as global giants such as Binance, OKX, BitMEX, and Bybit, fostering a vibrant community where traders can learn and compete. By leveraging aggregated data, the platform offers a range of features designed to enhance the overall investment experience.

BloomingBit went on a mission to delve deeper into the core values and services offered by League of Traders as they take on the unique challenge of building a cryptocurrency-focused social media platform.

Crypto Investing Is Challenging at First… Transparency Is Key

Founders John-Ting Li and Cho Minkyu first crossed paths as exchange students in Taiwan, where they discovered a shared interest in entrepreneurship. After graduating from Seoul National University and Sweden's Royal Institute of Technology, respectively, they launched their first venture in 2017, an advertising analytics platform called Diana. Their journey into blockchain began a year later with projects like Dexeos, a decentralized exchange, which ultimately led to the creation of League of Traders in 2020.

"When I first started investing in crypto, it wasn't easy to find my footing. I realized it would've been helpful to learn from the portfolios of other successful traders, to analyze their strategies and habits. That's when the idea of creating a platform like League of Traders came to mind," Li said.

This philosophy guided the development of the core tools that now define the League of Traders experience, equipping users with prompt and accurate information to make informed trading decisions. "By seeing another user's data, one trader can learn the ropes and change up their trading strategy. This concept is unique to us, as crypto is typically a very guarded industry where shared data is often met with skepticism," added Li.

Crypto Trading, Simplified and Fun

League of Traders offers a variety of features, including: 

●Leaderboards: Showcase top-performing investors, display their portfolios, and allow users to subscribe for updates.

●Portfolio Integration: View all assets from global exchanges in one consolidated portfolio.

●Timeline: Share updates, insights, and performance reports in a community space, fostering interactions similar to Instagram or X (formerly Twitter).

●Copy Trading: Automatically replicate the trades of high-performing investors for a profit-sharing fee.

The leaderboard and portfolio features are the cornerstones of the platform, allowing users to see top-performing traders and their strategies, with the opportunity to follow them and track their portfolios in real-time.

The timeline feature has also become popular, allowing users to share daily investment reports and insights, fostering a culture of transparency and collaboration within the community.

Copy Trading, especially favored by beginners, enables users to automatically replicate the trades of experienced investors. Cho emphasized, 'This is an excellent way for novice traders to learn and sharpen their skills while minimizing risks.'"

The platform's ability to attract such a large user base is largely due to its unique portfolio feature, which Cho also highlighted as a key competitive advantage. "While platforms like Reddit and Twitter offer helpful information, their trustworthiness is often questionable. On League of Traders, every user has a portfolio that acts as proof of their trading history, setting us apart in terms of reliability," he said.

New Tools, Better Results: Innovating to Meet Trader Needs

League of Traders continues to innovate, offering users enhanced tools and insights. Recent updates include tools for analyzing meme coins and AI-powered analytics. The company also plans to integrate decentralized exchange (DEX) portfolios, introduce a DEX leaderboard, and enable cross-platform copy trading between users of centralized exchanges (CEX) and DEX.

Data Will Shape the Future of Crypto Investing

Looking ahead, Li envisions a future where crypto investing becomes more data-driven. "Information about who is trading what, and where investors are focused, will only increase in value," he said.

He emphasized, "Our goal is to become a trusted partner for crypto investors, providing them with the tools and data they need to succeed." Cho added: "Crypto is now a core asset class. We're hopeful that investors will achieve their trading goals with the insights we provide through League of Traders."

Regarding international expansion, Li stated: "After establishing a strong presence in South Korea, we are now focused on growing our global audience. As our platform continues to grow, so will the depth of our investor data and in turn, the quality of our services, empowering crypto investors worldwide."