BingX Blog

Your go-to source for BingX stories, company news, and product updates.

BingX Rides the Bullish Market Wave with Global Expansion and Record-Breaking Performances

Spot and perpetual futures trading volume rose more than sevenfold from the previous quarter Open interest hit a one-year high at $6 billion The platform’s perpetual futures trading volume soared to $14 billion as of March VILNIUS, April 2, 2024 — BingX, a leading crypto exchange, reports significant achievements and strategic advancements, propelled by a favorable market trajectory in the first quarter of 2024. The company has delineated a series of accomplishments signifying its robust growth, market penetration, and heightened operational performance. Key Financial and Operational Highlights: Spot Trading Volume: According to recent data from CoinGecko, BingX’s spot trading volume witnessed a more than sevenfold increase from the previous quarter, showcasing the growing trader confidence and market liquidity on the platform. The growth trajectory is significantly driven by 24 initial token offerings that were listed on BingX as the first exchange, including standout t
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BingX Sponsors the 4th Annual Crypto Summit

The largest summit on cryptocurrencies and blockchain technologies, organized by the Crypto Holding group of companies, took place in Moscow from March 20th to the 23rd. The event’s main purpose was to unite experts and industry participants and jointly develop a plan for the industry’s development in the coming years. More than 7,000 participants attended the event. BingX is proud to participate and support the growing global community of traders. The conference aimed to address several critical aspects of the blockchain and cryptocurrency market: Market Analysis: The conference set out to explore the current negative dynamics of all cryptocurrencies, viewing it as a period of both disappointment and opportunity. Participants analyzed the market trends to understand its direction. Profitable Opportunities: Attendees will had the chance to assess various avenues for earning in the cryptocurrency market, such as mining, trading, and project development, to determine the mo
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Blockchain Technology Explained: Beyond Cryptocurrencies

In the hectic technology landscape, one term that has gained significant traction in recent years is blockchain, and since you are here, you may already know a lot about it.    While many associate blockchain with cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), its potential goes far beyond just digital coins. In this article, we’ll unravel the fundamentals of blockchain technology and explore how it is reshaping industries beyond the realm of cryptocurrencies.   At its core, a blockchain is a decentralized and distributed ledger that records transactions across a network of computers. Each participant in this network, often referred to as a node, has a copy of the entire blockchain. This design ensures transparency, security, and immutability—characteristics that make it more than just a tool for handling financial transactions.   One key feature of blockchain is its ability to establish trust in a trustless environment. Traditional systems often rely on a
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The Advantages of BingX Dual Price Mechanism

If you’re a trader looking for a fair and transparent platform, BingX is the solution you’ve been searching for. Its Dual Price innovative system is designed to eliminate the gap between the market price and spot price, ensuring that you enjoy a fair and transparent market.  The dual price mechanism has been gaining popularity recently due to its ability to provide a more equitable trading environment and prevent mass liquidation of traders’ positions during sharp market fluctuations.  The mark price and the last price it uses help to reduce the risk of price manipulation and other unfair trading practices, providing a level playing field for more equitable trading.   Understanding the Dual Price Mechanism BingX’s dual price mechanism is a unique feature that differentiates it from other exchanges. This mechanism ensures fair and transparent trading for all traders by eliminating the gap between the market price and the spot price. The dual price mechanism
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How Crypto Impacts Global Trade

In the global trade landscape, cryptocurrencies and blockchain technology have emerged as game-changers, ushering in a new era of efficiency, transparency, and inclusivity. While some skeptics may still be adjusting their monocles, let’s dive into how crypto is shaking up the world of international commerce.   Cutting Through the Red Tape One of the primary perks of crypto in global trade is the reduction of bureaucratic red tape. Traditional cross-border transactions often involve a labyrinth of intermediaries, leading to delays and added costs.    Enter cryptocurrency. With its decentralized nature and smart contracts, transactions become faster and smoother. No more waiting for banks and clearinghouses to do the tango – crypto puts the power back in the hands of the traders.   Financial Inclusion on a Global Scale Crypto isn’t just for the suits on Wall Street; it’s a powerful tool for financial inclusion on a global scale. In many parts of the world
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BingX Launches 1M USDT SuperX Trading Competition Inspired by Football Partnership

BingX, a global leading exchange, and the new official sleeve partner of Chelsea Football Club, is excited to unveil the SuperX Futures Trading Competition, boasting a substantial 1 million USDT prize pool. This pioneering initiative, spawned from a synergistic partnership with the esteemed football club, is set to revolutionize the trading arena, infusing tactical ingenuity and endurance synonymous. BingX is poised to set a new precedent in the integration of crypto and sports through this dynamic competition. This competition encompasses both standard futures and perpetual futures trading, and invites all BingX users to engage individually and as part of a group. Upon successful registration, participants become eligible to compete and earn the coveted title of a SuperX Futures trader. The individual contest includes two separate challenges: yield ratio and trading volume, each with its own set of rewards. In the team competition, rankings will be determined based on the collective t
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BingX Reflects on 2023: A Year of Growth, Innovation, and Recognition

As the curtains draw on the eventful year of 2023, the leading crypto exchange, BingX emerges as a beacon of resilience and growth, defying global uncertainties and industry turbulences. Throughout the year, BingX witnessed a remarkable ascent, with both trading volume and user base scaling new heights and marking its best performance since 2018. BingX experienced a whopping 250% year-on-year surge in trading volume and doubled its user base from 5 million to 10 million. Against a backdrop of subdued global economic growth, BingX showcased its ability to overcome challenges, recording impressive gains and achieving significant milestones. Alongside the overall market performance, technological innovation took center stage as BingX introduced groundbreaking features, including but not limited to zero-slippage in futures trading and USDT-savings as futures margin. These additions not only enhanced the user experience but also set new industry benchmarks. Meanwhile, the BingX VIP program
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BingX Partners with UFC Fighters Junyong Park and Da Woon Jung

In an exciting expansion into combat sports, the global leading cryptocurrency exchange BingX has announced a partnership with renowned Ultimate Fighting Championship (UFC) fighters Junyong Park and Da Woon Jung. This collaboration follows BingX’s recent partnership with Chelsea Football Club, marking another strategic move in the company’s diverse sponsorships. The partnership, inspired by BingX’s “Empowering Traders” and the fighters’ shared philosophy of “Make Your Own History”, seeks to bridge the dynamic worlds of cryptocurrency and the mixed martial arts world. The UFC, a leading mixed martial arts (MMA) organization, enjoys global recognition and is considered the pinnacle of the sport. Junyong Park, a South Korean mixed martial artist, is celebrated for his historic performance in the UFC Middleweight division, where he set the record for most head strikes in a single fight. Da Woon Jung, also from South Korea, is the former HEAT
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BingX Sponsors CoinGecko's 2023 Annual Crypto Industry Report To Empower Traders

In the detailed Crypto Industry Report for 2023, prepared by CoinGecko, we explore various aspects, including the crypto market overview, a detailed analysis of Bitcoin and Ethereum, a thorough examination of decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and an assessment of the performance of both centralized exchanges (CEX) and decentralized exchanges (DEX).   With 52 slides, there is something for every trader.In 2023, the cryptocurrency market experienced significant expansion, surpassing a doubling of its total market capitalization from $832 billion at the start of the year. The notable growth was chiefly propelled by the remarkable resurgence of Bitcoin, which saw a 2.6x increase. Following the challenges and stagnation of 2022, 2023 emerged as a resilient year of recovery for the cryptocurrency industry. CoinGecko has identified the top 6 highlights of the 2023 Crypto Industry Report. Total crypto market capitalization rose +108.1% in 2023, from $8
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BingX Sponsors Cointelegraph’s 2024 Institutional Bitcoin Report To Expand Industry Knowledge

BingX is proud to dive into the world of institutional Bitcoin adoption by sponsoring and contributing to Cointelegraph’s latest research report, The Case for Bitcoin in an Institutional Portfolio. This has been an incredibly popular topic globally since the U.S. Securities and Exchange Commission approved rule changes allowing the creation of bitcoin exchange-traded funds in the United States. The Case for Bitcoin in an Institutional Portfolio represents a joint initiative by Cointelegraph Research and the Crypto Research Report. This collaborative effort delves into integrating Bitcoin (BTC) into conventional investment approaches for institutional investors. The report thoroughly examines Bitcoin’s historical performance, its strategic importance, and the influential factors propelling institutional adoption. It also discusses the challenges and opportunities of incorporating this digital asset into institutional portfolios. The report explores the unique market behavior of Bi
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BingX Visits Chelsea Football Club to Kick Off Partnership

English Premier League Club Chelsea Football Club announced BingX as their new Official Crypto Exchange and Sleeve Partner in London on Friday, January 5th, 2024. The following day, Chelsea faced Preston North End FC for the 3rd round of the FA Cup with BingX logo on their sleeve. The club from London won 4-0 and advanced to the next round of the competition. After Chelsea’s first match with the new sponsor on their sleeves, the partnership between the club and BingX was formally presented in London the following week. Vivien Lin, Chief Product Officer, and Pablo Monti, Brand Ambassador, traveled to London to start the relationship between the two organizations. BingX representatives joined Chelsea’s CEO, Chris Jurasek, and Chief Revenue Officer, Casper Stylsvig, for the presentation. Men’s team manager Mauricio Pochettino also attended the projection of the announcement video on Stamford Bridge’s playing field itself. The video was published later on Chelsea&#8
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BingX Reveals Advanced Features for Futures Trading

BingX, a global leading crypto exchange, has announced its comprehensive update to its futures trading, offering a transformative trading experience that combines strategic control, flexibility, and risk management tools. A highlight of these updates is Trigger Reverse feature, a groundbreaking tool that changes the way crypto traders react to market fluctuations. It allows BingX users to automatically switch positions when certain criteria are met. By setting a trigger price among last price, mark price, or index price options, BingX users can easily close their existing position at the market price while simultaneously opening an equivalent position in the opposite direction. The system can use the maximum margin available in cases of insufficient margin. This tool is designed for rapid response to market changes, enabling swift profit realization or loss reduction. Another one is One-Way Mode for BingX Perpetual Futures, offering BingX users an option to maintain positions in one di
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