BingX Blog

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

There Won’t Be A ‘long list of crypto ETFs,’ BlackRock’s Robert Mitchnick Says

Join the Trading Community: Learn & Earn with BingX.   Today’s Cryptocurrency Headline NASHVILLE, TENNESSEE — Robert Mitchnick, the head of digital assets at the world’s largest asset manager, BlackRock, said that despite the launch of spot Ethereum ETFs this week, it’s unlikely to open the door to funds that track other crypto assets like Solana’s SOL or Polygon’s MATIC, on the mainstage at the Bitcoin 2024 conference. “I don’t think we’re going to see a long list of crypto ETFs,” Mitchnick said in a conversation with Bloomberg Intelligence ETF analyst James Seyffart. “If you think of bitcoin, today it represents about 55% of the market cap. ETH is at 18%. The next plausible investible asset is at, like, 3%. It’s just not close to being at that threshold or track record of maturity, liquidity, et cetera.” That said, it has been “increasingly clear” that crypto as an asset class is “not going away,” and there will likely be future opportunities for firms like Black
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Cryptocurrencies and Football Clubs: In Search of Mass Adoption

Sports sponsorship is a popular way for big brands to increase their recognition, advertise their products, and strengthen their reputation. In the case of cryptocurrencies, sports sponsorship plays a prominent role in an industry that has matured thanks to innovation and changes towards greater security.   Cryptocurrencies are increasingly being adopted worldwide, and companies linked to the crypto sector choose sports sponsorship to showcase themselves for growing adoption and to add more users.   As the new football season begins, major leagues around the world show a large participation of companies linked to the crypto world in sponsorships. The English Premier League will have 15 of the 20 teams with current partnerships with crypto companies. The percentage is even higher in Spain’s La Liga, which will have 19 of its 20 teams associated with crypto industry companies.   The three main sponsorship categories are pure cryptocurrencies (exchanges, wallets, and
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BingX Sponsors CoinGecko's 2024 Second Quarterly Market Report: A Commitment to Transparency and Trust

VILNIUS, July 25, 2024 — BingX, a leading cryptocurrency exchange known for its user-centric platform and innovative trading solutions, is proud to announce its sponsorship of CoinGecko’s 2024 Second Quarterly Market Report. This partnership highlights BingX’s commitment to providing the cryptocurrency community with transparent, reliable, and insightful data. “BingX and CoinGecko share a common goal: to empower the cryptocurrency community with transparent, accurate, and actionable insights,” said Vivien Lin, spokesperson at BingX. “Our decision to sponsor CoinGecko’s quarterly reports reflects our commitment to fostering a trustworthy and transparent trading environment. We believe that informed decisions are the cornerstone of successful trading, and this report will provide our users with the valuable insights they need to navigate the market with confidence.” Having a decade of work experience in the investment banking industry, Vivien sha
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Vivien's Weekly Insights 18

BingX Sponsors CoinGecko’s 2024 Q2 Crypto Industry Report We are proud to support the ongoing efforts of CoinGecko and their mission to publish clear insights that empower traders globally. CoinGecko has summarized the key highlights, but be sure to dig into the full 51 slides as well. View the full report here!   Top 7 Highlights of CoinGecko’s 2024 Q2 Crypto Industry Report Total crypto market capitalization dropped -14.4% in 2024 Q2, outperformed by the S&P 500 (+3.9%) Bitcoin fell -11.9% in 2024 Q2, ranging between $58k – $72k, just below its all-time high of $73k Bitcoin mining hash rate declined -18.8% in 2024 Q2, its first quarterly decline since 2022 Q2 The top 15 CoinGecko categories in 2024 Q2 were Meme Coins, AI and RWA, accounting for 77.5% of web traffic Ethereum added 120.8K ETH to its supply, as emissions outpaced burns Spot trading volume on centralized exchanges (CEX) hit $3.40T in 2024 Q2, a drop of -12.2% from 2024 Q1. Spot trading volume on dec
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BingX and NGO Bitcoin Argentina Join Forces for Web3 Education in Argentina

BingX and NGO Bitcoin Argentina Join Forces for Web3 Education in Argentina VILNIUS – JULY 15, 2024 – BingX Charity, the philanthropic arm of the global cryptocurrency exchange BingX, is proud to announce their social initiative to empower Argentinians with the gift of web3 education, ensuring everyone is provided with the opportunity to take advantage of blockchain technologies. This is possible due to a groundbreaking partnership with NGO Bitcoin Argentina. This collaboration aims to advance education on decentralized technologies, demonstrating BingX’s commitment to its unwavering corporate social responsibility. Enhancing the reach and impact of decentralized technology education is a necessary step to empowering everyone with the skills and knowledge needed to navigate the digital web3 landscape of our digital future. Vivien Lin, the spokesperson at BingX, emphasized the transformative potential of this new educational opportunities for those based in Argentina.
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My Personal Note on Training Wear Partnership with Chelsea FC At BingX, we pride ourselves on forging impactful collaborations with world-class partners to expand our global footprint and advance crypto adoption. Today, I’m absolutely thrilled to announce that our partnership with Chelsea Football Club has entered an exciting new chapter. Over the next two seasons, we’ll proudly serve as Chelsea’s Men’s Official Training Wear Partner and continue our role as the club’s Official Crypto Exchange Partner. Beyond jersey logos, this partnership represents our shared commitment to excellence, whether on the training ground or in the trading arena. We believe that excellence in training leads to empowerment and success. Similar to how athletes train rigorously to excel, traders must also sharpen their skills to thrive.   document.createElement('video'); https://prod-seo-blog.bb-os.com/blog/content/2024-07-BingXCFC_TrainingKitReveal_V4.mp4   To our trad
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Vivien's Weekly Insights 15

BingX Elevates the Partnership with Chelsea FC as its Men’s Official Training Wear Partner BingX, a leading cryptocurrency exchange, is proud to announce an exciting new phase in its partnership with Chelsea. Starting from the 2024/25 Premier League season, BingX will transition from being a Sleeve Partner to the Official Training Wear Partner of Chelsea’s men’s team. To celebrate this milestone, BingX launched specially-designed drones to “airdrop” the training kits at Stamford Bridge – in true crypto fashion. For the first time ever, BingX’s branding prominently features on the front of the training wear, which will be worn by players and coaching staff from the men’s team during all training sessions.     As BingX transitions to become the Men’s team front-of-shirt sponsor for the upcoming season’s training kits, this increased visibility will significantly bolster BingX’s presence in the global sports community, aligning t
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BingX Elevates the Partnership with Chelsea FC as its Men's Official Training Wear Partner

VILNIUS, July 1, 2024 – BingX, a leading cryptocurrency exchange, is proud to announce an exciting new phase in its partnership with Chelsea. Starting from the 2024/25 Premier League season, BingX will transition from being a Sleeve Partner to the Official Training Wear Partner of Chelsea’s men’s team. To celebrate this milestone, BingX launched specially-designed drones to “airdrop” the training kits at Stamford Bridge – in true crypto fashion. For the first time ever, BingX’s branding prominently features on the front of the training wear, which will be worn by players and coaching staff from the men’s team during all training sessions. As BingX transitions to become the Men’s team front-of-shirt sponsor for the upcoming season’s training kits, this increased visibility will significantly bolster BingX’s presence in the global sports community, aligning the brand with a relentless pursuit of excellence. Just as football players train to reach
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BingX’s Dynamic Second Quarter: Driving User-Centric Innovations and Global Expansion

VILNIUS, June 20, 2024 – BingX, a global leading cryptocurrency exchange, has exhibited remarkable growth and innovation in the second quarter of this year, underscoring its dedication to accessibility, user focus, and global expansion.   Expanding Footprint Globally In April, BingX underscored its dedication to accessibility by becoming the title sponsor of TOKEN2049 Dubai. Vivien Lin, Chief Product Officer, highlighted the company’s user-centric approach in her keynote speech, showcasing how BingX integrates cutting-edge technology with user-focused design to offer an exceptional trading experience. Later in her interaction with the community, Lin reiterated the company’s commitment to a user-centric ethos as a key driver of success in the current bull market. She detailed how BingX leverages emerging Web3 technologies, thanks to a dedicated research team that identifies and integrates innovations to enhance the platform’s offerings and meet the evolving needs of its users. In J
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Vivien's Weekly Insights 14

BingX and Our Focus On Safety Security and trust are paramount in cryptocurrency exchanges, as millions rely on these platforms daily. BingX prioritizes these principles to reassure users. As a thought leader, I emphasize the importance of standard security operations to foster industry growth. According to Security.org’s 2024 Cryptocurrency Adoption and Sentiment Report, 63% of crypto owners plan to acquire more cryptocurrency, despite security concerns. BingX employs comprehensive methods to ensure safety and reliability, protecting against threats like ransomware, identity fraud, and phishing. We prioritize audits and certifications, engaging reputable third parties like CertiK and running bug bounty programs to verify our security protocols and compliance. We maintain transparency with proof of reserves using Merkle Tree Verification, allowing users to verify asset safety in real time. BingX commits to user education, offering 24/7 customer support and a detailed help center
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BingX Ramps Up Global Expansion with Key Vietnam Engagement

HO CHI MINH CITY, June 14, 2024 – BingX, a leading cryptocurrency exchange, has honed in on Vietnam as the main battlefield for its global expansion strategy, ExpansionX. Vivien Lin, Chief Product Officer (CPO) of BingX, articulated this clear strategic vision during the GM Vietnam event held on June 7-8. BingX played a pivotal role as a Diamond Sponsor, catalyzing interaction with over 5,000 attendees at its vibrant booth. This notable engagement marks Vietnam as the inaugural destination post the May announcement of BingX’s robust global expansion strategy. During exclusive interviews with prominent Vietnamese media outlets, Lin underscored BingX’s steadfast commitment to Vietnam. “Since our market entry, BingX has been proactively partnering with local entities and spearheading community service initiatives,” Lin revealed. In 2023, BingX embarked on the “Children’s Future” charity campaign, collaborating with top crypto media and the local c
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BingX Unveils Enhancements in Coin-margined Futures Trading I’m very excited to announce significant upgrades to BingX’s Coin-margined Futures Trading, reinforcing our commitment to empowering users with a more comprehensive and user-friendly trading experience. These enhancements include the introduction of the Isolated Margin Mode and Trigger Order features.     Isolated Margin Mode: Mitigating Risk with Precision The Isolated Margin Mode is a pivotal addition aimed at enhancing risk management for crypto traders. In this mode, the margin allocated to a specific position is isolated, meaning that the margin for each position is used exclusively for that position. This isolation allows traders to limit the margin quantity for individual positions, thereby reducing overall risk exposure. In the event of forced liquidation, traders will only lose the margin within that specific position, protecting their remaining assets. It helps control liquidation risks by adj
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