BingX Blog

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

BingX Announces Diamond Sponsorship for Web3 Career Innovation Unitour in Vietnam

BingX, a leading crypto exchange and a pioneer in Web3 and Blockchain technologies, proudly spearheaded ‘Web3 Career Innovation,’ a transformative event that brought together thousands of bright minds from leading universities in Ho Chi Minh City. In collaboration with HC Capital, the diamond sponsor of this extraordinary gathering, BingX introduced the Web3 Career Innovation Series. This initiative is poised to revolutionize the tech education landscape across prestigious universities. With an estimated reach of up to 20,000 students, this groundbreaking series aims to immerse the next generation in the Web3 and Blockchain ecosystem. The event has successfully ignited the passion of young, aspiring individuals keen on exploring the modern financial technology industry. It spanned five esteemed universities in Ho Chi Minh City, including the University of Economics and Law (UEL), Ho Chi Minh City University of Banking (HUB), Hong Bang International University (HIU), Ho Chi
3 min

BingX Educates University Students in Turkey on Cryptocurrency and Blockchain

BingX, a leading crypto exchange, takes a stride in enriching financial education by hosting the “Istanbul Financial Literacy” event for students at İstanbul Bilgi Üniversitesi. The objective of this groundbreaking educational event was to equip university students with essential knowledge of cryptocurrency, blockchain, and trading strategies.     BingX’s initiative aims to equip and educate students unfamiliar with the intricacies of cryptocurrency. The event spotlights BingX as a state-of-the-art platform, providing insights into its functionalities and traversing blockchain technology. The event’s comprehensive agenda includes key topics: Introduction to BingX: Offering a comprehensive overview of the platform and its suite of services. Blockchain Unraveled: A deep dive into the workings and significance of blockchain technology in the financial landscape. Trade Smarter with BingX: Practical guidance on initiating and conducting trades using the
2 min

BingX Charity Partners with Whale and Dolphin Conservation

BingX Charity, the philanthropic arm of global leading crypto exchange BingX, is incredibly excited to announce its significant move towards environmental stewardship. This new initiative will kick off with a partnership with Whale and Dolphin Conservation (also known as WDC), a non-profit organization and esteemed charity dedicated to protecting whales and dolphins with a focus on ending captivity, stopping whaling, and creating safe seas. Founded in 1987, WDC is committed to creating a world where every whale and dolphin is safe and free. This is not only a noble gesture, but an essential means to sustain the future of earth by increasing the planet’s climate resiliency. It works to protect whales and dolphins from the many threats they face through campaigns, scientific research, advising governments, conservation projects, field research, and educational outreach. This collaboration unites BingX and WDC in a multi-faceted approach to ensure the long-term survival of whales an
3 min

BingX Charity Responds to Hurricane Otis in Mexico

BingX Charity, the philanthropic arm of the global leading crypto exchange BingX, announced a donation of basic necessities to help communities in Acapulco, Guerrero, and surrounding areas in Mexico that have been affected by Hurricane Otis. In swift response to this unprecedented natural disaster, BingX joined hands with its local team to support relief and recovery efforts. Hurricane Otis became the strongest storm in recorded history to strike the Pacific coast of Mexico. This Category 5 hurricane made landfall near Acapulco, where its heavy rain and strong winds unleashed massive landslides and knocked out power lines. Otis, which has left a trail of destruction on its path, has resulted in urgent food, water, and shelter needs for thousands of Acapulco residents affected by this catastrophe. BingX has taken the initiative to contribute to the recovery of local communities. In the wake of this natural hazard, BingX has taken a hands-on approach by actively engaging in the procureme
3 min

PYUSD's Impact on Financial Inclusion

PayPal recently unveiled PYUSD, a groundbreaking stablecoin that offers a digital alternative tied to the value of the US dollar, always equal to $1.    The stablecoin has already sent shockwaves through the crypto industry and is already stealing the interest of mainstream financial users. Built upon the Ethereum blockchain, PYUSD provides a means to send and receive payments globally, boasting minimal fees and rapid transaction speeds.   In this article, we will discuss why PYUSD has an impact on financial inclusion, and why it has already become a big topic in the industry, competing with popular and older stablecoins.   Why PYUSD Matters: The significance of PYUSD lies in its distinction as the maiden stablecoin launched by a major financial services company. With a global user base exceeding 440 million, PayPal’s seal of approval adds a layer of trust and credibility that sets PYUSD apart. Consequently, it has the potential to captivate a broad spectrum of con
6 min

BingX Rebranded: Your Trust, Our Priority

The famous American novelist and journalist Ernest Hemingway once said that “the best way to find out if you can trust somebody is to trust them”. At BingX, we take it seriously when a person decides to trust us because we understand how hard it is to earn trust. And that is how we build ourselves, putting trust as one of our most important and caring values. Trust is one of the paradigms of the crypto world and, moreover, of the whole blockchain landscape. The term ‘trust’ is mentioned 14 times in the Bitcoin whitepaper, solidifying its status as a foundational element. Trust is important in two directions in the blockchain and crypto world: companies must deliver robust and reliable products, and users must feel confident entrusting their investments and resources. This commitment to trust at BingX is not merely symbolic. We are facing a rebranding that means a new phase dedicated to enhancing the users’ experience and fostering empowerment. Our new tagl
3 min

BingX Sponsors 2023 Taipei Blockchain Week for Two Consecutive Years

BingX, a leading cryptocurrency exchange, announced that it will become the sponsor of Taipei Blockchain Week for the second time in 2023. This year, it will be supported by the exchange’s title sponsor. This is BingX’s continued support area and an important measure for the development of blockchain technology. The event will be held at Songshan Cultural and Creative Park and Taipei Cultural and Creative Industries from December 11 to December 16, providing an excellent platform for blockchain enthusiasts, developers, entrepreneurs, and industry leaders to learn and communicate. One of the highlights of this year is the cooperation between Taipei Blockchain Week 2023 and the Digital Employment Gold Card. For example, Ethereum founder “Buterin” Vitalik is one of the partners. In addition, this year’s Taipei Blockchain Week is expected to have more than 50 related activities, hosted by different partners in Taipei, filling the entire city with blockchain enthusia
4 min

BingX Reaffirms its Commitment to Latin America in Cancun

BingX, one of the leading global cryptocurrency exchanges, reinforced its commitment to its users and the Spanish-speaking community through two significant events. It recently hosted the exclusive BingX Leaders: Cancun, where opinion leaders and BingX users enjoyed unique experiences in Cancun, Mexico. Additionally, the company had a prominent presence at the BDZ Web3 & Blockchain event in Spain. At the core of BingX’s priorities lies its users. With this in mind, the company organized BingX Leaders: Cancun, an exclusive event attended by television industry personalities and BingX users. Participants were invited to travel to Cancun, indulging in a luxurious resort in the Caribbean city, enjoying its amenities, and partaking in activities tailored by BingX.   BingX focused on delivering a unique experience to attendees. Activities included jeep caravans, beach outings, sailing adventures, ice immersion baths, meditation sessions, and dinners at luxurious locales. All
3 min

Top 5 European Union Countries with the Greatest Cryptocurrency Enthusiasm

Cryptocurrency adoption in the European Union has been steadily increasing, with many countries experiencing significant growth in their crypto markets. Many EU countries have seen impressive growth rates in their crypto markets, with Ukraine leading the pack with a high 16.3% adoption rate. The growth of the crypto market in the EU is a promising sign for the future of cryptocurrency, as more and more people are embracing this new asset class.  In this blog post, we will explore the top 5 most enthusiastic countries in the EU and the factors that have contributed to the high adoption rates in these countries.   The Current State of Cryptocurrency Adoption in Europe Cryptocurrency adoption across Europe has grown significantly over the past year. According to Chainalysis’ 2023 Global Crypto Adoption Index, Western Europe saw adoption increase 41% from 2021 to 2022. Young Europeans in particular are helping drive adoption, as they show higher rates of crypto ownership compare
8 min

What is Linea – team, history, tokenomics and possible drawbacks

The layer-2 ecosystem of Ethereum has been one of the fastest growing and most exciting subsectors of the cryptocurrency world for quite some time. The sheer volume of development and new projects that are arising within the field is enormous, which has now been highlighted by yet another project. Linea, a new contender within the Ethereum layer-2, has seen a series of news and announcements recently, which is why we will introduce this project in today’s article. What are Zero-Knowledge rollups? Before we introduce Linea, let’s recap what Zero-Knowledge rollups are, as they play a crucial part in the project. ZK-rollups are a layer-2 scaling technology that is utilizing the zero-knowledge proofs to validate transactions with the goal of reducing the amount of data that the main chain would need to store and process. This should lead to cheaper and faster transactions, which is always the main goal of any scaling technology. ZK-rollups are able to provide better scaling solutions thank
10 min

Investing in Web 3.0: The Opportunities and Challenges

Web 3.0, the next evolution of the internet, is creating waves of excitement in the world of technology and finance. It promises a decentralized, user-centric online experience powered by blockchain technology and cryptocurrencies. For those with their eyes on the future, investing in Web 3.0 presents both exciting opportunities and daunting challenges. In this article, we will dive into the opportunities that arise when investing in Web 3.0, but also look at the other side of the coin and run down some of the current challenges it may bring. Opportunities in Web 3.0 To understand the opportunities that come when investing in Web 3.0, you have to understand the strengths that Web 3.0 can bring to the table. To learn a bit more about it, here are some of the best opportunities that arise if you dive into Web 3.0 investing. Decentralized Finance (DeFi) One of the most promising aspects of Web 3.0 is the emergence of decentralized finance, or DeFi. DeFi platforms offer financial services
7 min

The Rise of Bitcoin ETFs: What You Need to Know

2013 was the year when The Winklevoss Bitcoin Trust made the first Bitcoin ETF filing. However, the world’s first Bitcoin ETF application approval happened in 2020 and was listed on the Bermuda Stock Exchange. Since 2020, the crypto industry has made some giant strides with the advent of Bitcoin ETFs. In Europe for example, a spot Bitcoin ETF was launched on August 15, 2023. However in the US, futures ETFs have been approved. Regardless, it seems the interest of the crypto industry remains with the spot Bitcoin ETFs due to their more significant impact. This article helps you understand the meaning of Bitcoin ETFs, how it works, and the types of Bitcoin ETFs. What Are Bitcoin ETFs and How Does It Work? Bitcoin ETFs are financial products that allow traditional investors to gain access to and trade Bitcoin without having physical access to the product. You see, the original setting of trading cryptocurrencies is quite different. You need to have some funds in your crypto wallet and inv
8 min