Risk Warning
 
BXUSD is not registered with any government or regulatory authority. BingX acts solely as a platform provider in relation to BXUSD and does not exercise any discretionary authority or management over the underlying assets of BXUSD. BingX does not act as a fund manager, fiduciary, advisor, or trustee for users in relation to BXUSD, and no fund interest, trust, or pooled investment arrangement is created by subscribing to BXUSD.
 
Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. BingX accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice.
 
Neither BingX, nor any of our affiliates or representatives, make any representation or warranty that BXUSD is suitable or appropriate, for any user or in any location, nor that the transactions and services described in these BXUSD Terms ("Terms") are (or will continue to be) available or appropriate for any user or in any location. You are strongly encouraged to carefully review these Terms and seek independent professional advice as to whether BXUSD is appropriate for you having regard to your personal circumstances and objectives, financial position and risk tolerance level.
 
By purchasing BXUSD you acknowledge and agree that you will be bound by and will comply with these Terms, as updated and amended from time to time. By purchasing BXUSD, you agree that you have read and understood these Terms. If you do not understand and accept these Terms in their entirety, you should not purchase, hold, use, or otherwise acquire BXUSD in any form.
 
BingX reserves the right to modify or change the Terms at any time and at its sole discretion. BingX will provide notice of these changes by updating the revised Terms on this page. Any modifications or changes to these Terms will be effective immediately upon being announced or released to users. As such, your continued use of the Services acts as acceptance of the amended agreement and rules. If you do not agree to any modification to these Terms, you must stop using the Services. BingX encourages you to frequently review the Terms to ensure you understand the terms and conditions that apply to your access to, and use of, the Services.
 
These Terms are supplemental to and shall be read together with the BingX Customer Agreement, Astra Customer Agreement, and the BingX Agency Purchase Agreement (collectively, the "Customer Agreements"). The Customer Agreements may be amended from time to time and shall continue to apply. All terms and clauses contained in the Customer Agreements (except to the extent expressly modified herein) are incorporated by reference and have the same force and effect as if set out in their entirety in these Terms. References in the Customer Agreements to the Services shall include references to these Terms contemplated hereunder.
 
In the event of any conflict or inconsistency between these Terms and the Customer Agreements, these Terms shall prevail with respect to the Services contemplated hereunder, unless expressly stated otherwise. We may make changes to these Terms (or any terms or information incorporated by reference) at any time in accordance with the Customer Agreements.
 

1. Definitions

Unless otherwise defined, capitalised words used in these Terms shall have the same meaning given to them in the Customer Agreements. The rules of interpretation set out in the Customer Agreements shall apply to these Terms.
 
Account(s) means any Account that BingX may support for the purposes of BXUSD from time-to-time, as shown on the Platform.
 
APY means, with respect to each Reward Calculation Day and each Account, a daily annualised percentage yield, based on a 365-day year, reflecting compounded returns as determined by BingX in its sole and absolute discretion, and published as the "APY" for BXUSD on the BingX website or Platform, subject to a minimum of zero. If, for any reason, BingX does not publish an APY with respect to a Reward Calculation Day, then the APY for that Reward Calculation Day will be deemed zero.
 
Spot Account means the spot asset Account that a user uses on the Platform.
 
Margin means the requirement to post digital assets as collateral to open and maintain a position in futures trading.
 
Maximum Limit means the maximum aggregate BXUSD balance that may be held across all of your Accounts on the Platform, as determined by BingX from time to time in its sole discretion.
 
Platform means BingX's online digital asset trading platform.
 
Qualifying Balance means, with respect to each Reward Calculation Day and across all of your Account(s), an amount equal to the lowest balance of BXUSD recorded in your Account(s) during that Reward Calculation Day, as determined by BingX in good faith, measuring the BXUSD balance periodically during that Reward Calculation Day.
 
Reward Amount means any amount of rewards that is distributed or supported by BingX in respect of BXUSD from time-to-time in connection with the Qualifying Balance of the users, at a rate and such frequency as BingX may select from time-to-time in its sole and absolute discretion.
 
Reward Calculation Day means the day on which BingX calculates the Reward Amount to be distributed to users' Accounts in accordance with these Terms.
 
USDT means Tether (USDT).
 
UTC means Coordinated Universal Time.
 

2. Eligibility

 
2.1 This product is only available to certain users in certain countries. This product is not intended for users in Restricted Jurisdictions or any other jurisdictions in which we may determine from time to time.
 
2.2 BingX reserves the right to adjust the eligibility requirements of this product from time to time at its sole discretion. Without prejudice to BingX's rights under these Terms and the Customer Agreements, if you cease to be eligible, BingX may exercise its right to unilaterally restrict or terminate your access to this Service without any prior notice and/or buy back your BXUSD in accordance with clause 6 (Redemption and Buyback).
 

3. Subscription

 
3.1 You may subscribe to BXUSD on the Platform with USDT at an exchange rate of 1:1. The minimum subscription amount of BXUSD is 0.1 USDT. BingX reserves the right to impose any subscription fee for BXUSD from time-to-time in its sole discretion and any such subscription fee (if any) will be incorporated in the conversion quote displayed on the Platform prior to your confirmation of a subscription transaction. When you subscribe to BXUSD for your Account(s) with USDT, BingX will credit the corresponding amount of BXUSD to your Spot Account and the USDT subscription price (including any such fee (if any)) will be debited from your Spot Account. BingX reserves the right to support any other USD stablecoin besides USDT in respect of BXUSD from time-to-time, as determined by BingX in its sole discretion.
 
3.2 Your BXUSD can only be held in your own Account(s) and unless stated otherwise, is only available for purchase from BingX main Account(s); no BingX sub-Accounts are supported for this Service.
 
3.3 By purchasing BXUSD, you acknowledge and accept that BXUSD is a reward certificate offered on the Platform and represents participation solely in a platform-managed reward mechanism. BXUSD is not a stablecoin and cannot be withdrawn, deposited, or transferred outside of the Platform. BXUSD can only be held and used solely within the scope of these Terms.
 
3.4 BingX reserves the right to implement minimum or maximum transaction value limits from time-to-time, with or without prior notice, in its sole and absolute discretion.
 
3.5 BingX may impose a Maximum Limit. BingX reserves the right to adjust the Maximum Limit applicable to your Account(s) from time to time, with or without prior notice. If your BXUSD balance exceeds the applicable Maximum Limit, BingX may buy back the excess amount in accordance with clause 6 (Redemption and Buyback). You must not attempt to purchase or otherwise acquire BXUSD in excess of the applicable Maximum Limit. BingX will not be liable for any failed subscription or transfer due to a breach of the Maximum Limit.
 
3.6 BingX reserves the right to refuse or suspend subscriptions of BXUSD, in whole or in part, at any time and for any reason, as determined in its sole discretion. BingX may also suspend or limit the availability of BXUSD generally if it determines that doing so is necessary or desirable to protect the integrity of the Platform or comply with Applicable Laws.
 

4. Trading Margin

 
4.1 BXUSD is a digital asset that BingX has determined to accept for the purpose of satisfying Margin requirements in USDT-M Perpetual Futures Accounts and may only be used as margin for accounts designated by BingX. In such case, BXUSD may be transferred to a Futures Account for use as margin for USDT-M Perpetual Futures. Rewards continue to accrue normally during the holding period. BingX reserves the right to determine the collateral value of BXUSD at its sole discretion at any time, including the application of any valuation haircuts or adjustments. The applicable collateral ratio for BXUSD will be published on the Platform from time to time. If the relevant Futures Account is not set to Multi-Assets Mode, the BXUSD balance will not qualify to meet margin requirements.
 
4.2 The margin value of BXUSD in any Futures Account will not include any accrued but unpaid Reward Amount associated with the BXUSD balance in that Futures Account.
 
4.3 BingX reserves the right to suspend or cease accepting BXUSD as margin if it determines, acting reasonably, that such action is necessary to comply with applicable laws or to protect the integrity, security, or reputation of the Platform or related services.
 

5. Rewards

 
While holding BXUSD, rewards will begin accruing from the next 14:00 (UTC+8), calculated as follows:
Daily reward = Holdings × APY ÷ 365
Accordingly, you will be entitled to the Reward Amount (if any) in respect of that Reward Calculation Day. Any Reward Amount will ordinarily be credited on the following day to your Account(s) at approximately 18:00 (UTC+8) in the form of BXUSD. The effective holding amount is based on the minimum snapshot value recorded during the day, and a minimum holding of 0.1 BXUSD is required for rewards to be generated. If the main Account transfers BXUSD to a sub-Account, rewards generated by the sub-Account's holdings will also be credited to the main Account's Spot Account.
BingX does not guarantee nor provide any assurance that the APY on any particular Reward Calculation Day will be positive. The APY may be zero, in which case the Reward Amount in respect of the relevant Reward Calculation Day will be nil.
 

6. Redemption and Buyback

 
6.1 Subject to any applicable restrictions that may apply from time-to-time in accordance with this clause, you shall have the right to redeem BXUSD on the Platform for USDT, and unless specified otherwise by BingX, assets shall be returned to your Spot Account in the form of USDT. Unless waived by BingX in its sole discretion, all redemptions will be subject to a redemption fee calculated at the variable rate that is determined by BingX from time-to-time in its sole discretion and which will be incorporated in the conversion quote displayed on the Platform prior to your confirmation of a redemption transaction (in each case, a "Redemption Fee"). When you redeem BXUSD, BingX will credit the corresponding redemption amount specified to your Spot Account and the BXUSD will be debited from your Spot Account.
 
6.2 Unless specified otherwise, the applicable redemption methods for BXUSD are as follows:
  1. Fast Redemption: 0.1% redemption fee, credited within 1 minute.
  2. Standard Redemption: 0.05% redemption fee, credited in approximately T+3 days (72 hours).
 
6.3 BingX reserves the right to apply redemption restrictions or conditions or revise its redemption methods or Redemption Fees from time-to-time, with or without notice, to the extent it deems appropriate in its sole discretion, including, without limitation, to facilitate compliance with applicable laws or to protect the security, integrity or reputation of the Platform.
 
6.4 BingX reserves the right, and you irrevocably consent and grant BingX the option, to buy back BXUSD from you at any time and for any reason, with or without prior notice. In the event of such buyback, your Account(s) will be credited with the equivalent amount of USDT or any other USD stablecoin determined at BingX's sole discretion, at an exchange rate of 1:1, and the corresponding amount of BXUSD will be debited from your Account(s). You are not entitled to any damages or compensation in respect of BingX exercising its right to buy back. No Redemption Fee applies if BingX exercises its right to buy back your BXUSD.
 

7. Disclosure and Consents

 
You hereby acknowledge, confirm your understanding, and agree that:
 
(a) BXUSD is a reward certificate offered on the Platform. It represents participation solely in a platform-managed reward mechanism.
(b) By holding BXUSD, you are entitled to redeem each BXUSD for USDT or a USD stablecoin determined at BingX’s sole discretion on a 1:1 basis and to receive the Reward Amount for each Reward Calculation Day at the applicable APY, in accordance with these Terms, from BingX.
(c) You will have no legal or beneficial ownership, claim, entitlement, or any other right (whether direct or indirect) in any assets managed by BingX, except for your contractual right to redeem BXUSD in accordance with these Terms.
(d) BingX may manage the assets backing BXUSD (the "BXUSD Pool") solely for its own account and not on behalf of BXUSD holders. BingX may adjust its asset allocations and generate income or returns from such assets as it determines appropriate, in its sole discretion. All rights, title and interest in and to the BXUSD Pool and any income or gains derived therefrom belong exclusively to BingX.
(e) BingX does not act as a fiduciary, advisor, or trustee for users in relation to BXUSD, and no trust or pooled investment arrangement is created by holding BXUSD.
(f) Your BXUSD can only be held in your own Account(s) and cannot be withdrawn. It is not minted on any blockchain network and cannot be deposited, withdrawn, or transferred outside of the Platform. BXUSD can only be held and used solely within the scope of these Terms.
(g) There may be restrictions on subscriptions and redemptions, and BingX can buy back your BXUSD at any time.
(h) BingX has the right in its sole discretion to adjust the supported USD stablecoin from time-to-time. The form of USD stablecoin used to subscribe to BXUSD may not be the same form of USD stablecoin that will be credited on redemption or buyback. The form of USD stablecoin used to credit Reward Amounts may change.
(i) BingX reserves the right, in its sole and absolute discretion, to modify, suspend, or restrict (as the case may be) the uses, valuation or functionalities of BXUSD at any time, with or without prior notice. Such changes may include, but are not limited to, BXUSD's eligibility to serve as collateral (if applicable), integration with other products or services on the Platform, or participation in promotional or incentive programs.
(j) The APY for each Reward Calculation Day is determined separately by BingX in its sole and absolute discretion, taking into account a number of factors, including, without limitation, the aggregate amount of Qualifying Balance across all holders of BXUSD on that Reward Calculation Day, the level of Reward Amount in respect of that Reward Calculation Day, and the volatility in broader financial markets or shifts in macroeconomic factors. There is no guarantee nor assurance that BingX will successfully generate Reward Amount on any given Reward Calculation Day, and the APY may be zero in respect of some Reward Calculation Days. BingX has full discretion to determine the composition and asset balance of the BXUSD Pool and this will have implications for the Reward Amount (if any) that can be generated on a Reward Calculation Day, which in turn will impact the Reward Amounts paid to holders of BXUSD.
(k) Whilst BXUSD may be redeemed for USDT or a USD stablecoin determined by BingX in its sole discretion at an exchange rate of 1:1, BingX reserves the right to suspend, delay, or impose limits on redemptions at any time, at its sole discretion. In extreme or exceptional circumstances, BingX's ability to promptly fulfill redemption requests may be adversely affected — including, without limitation, in cases of large-scale redemption requests requiring BingX to rebalance or liquidate assets from the BXUSD Pool. During such periods, you may not be able to access the corresponding USD stablecoin immediately, as the underlying assets may require additional time or cost to liquidate. Redemption restrictions may also be imposed in response to market volatility, liquidity constraints, or other operational or legal considerations, and may result in delays or losses.
(l) By holding BXUSD, you are exposed to the credit and operational risk of BingX. In the event of BingX's insolvency or operational failure, you may be unable to redeem BXUSD or receive any associated rewards. The assets comprising the BXUSD Pool are owned and managed solely by BingX for its own account and are not held in segregated custody. In the event of insolvency, you will rank as an unsecured creditor of BingX and will have no legal or beneficial interest in the BXUSD Pool or any related assets.
(m) BXUSD may only be held in your own Account. It cannot be withdrawn, is not minted on any blockchain network, and does not support deposits, withdrawals, or transfers outside the platform. It may only be held and used within the scope set out in these Terms.
 

8. Liability

 
The following is a summary of certain key risks associated with the purchase, holding, and use of BXUSD. This summary is not exhaustive and does not capture all possible risks that may arise. You are solely responsible for assessing whether BXUSD is suitable for you.
(a) By subscribing, holding, or using BXUSD, you acknowledge, understand, and accept all the risks arising out of participating in subscriptions of BXUSD including those set out in clause 7 (Disclosure and Consents), risk disclosures set on the BingX website (including but not limited to BingX Cryptocurrency Trading Risk Disclosure Statement), and this clause. You confirm that you have carefully evaluated and determined that BXUSD is suitable for you.
(b) Redemptions of BXUSD are subject to a Redemption Fee which is variable. BingX has full discretion to adjust the fees from time-to-time. The applicable Redemption Fee will be incorporated in the conversion quote that will be shown on the Platform prior to your confirmation of the redemption transaction. Similarly, if BingX exercises its right to impose a subscription fee for BXUSD, the above shall apply. Please check the applicable fee before confirming your transaction. No Redemption Fee applies if BingX exercises its right to buy back your BXUSD.
(c) The regulatory environment surrounding Digital Assets is subject to change, and any adverse regulatory actions or new laws may impact the operation, performance, redemption or offering of BXUSD.
(d) In no event will BingX or any of its Affiliates be responsible or liable to you or any other person or entity for any direct or indirect losses (including loss of profits, business or opportunities), damages, or costs arising out of or in connection with any risk identified in these Terms. This limitation of liability is in addition to the limitation of liability contained in the Customer Agreements.
(e) BingX or the responsible third party custodians maintain full custody of the Digital Assets and user data/information which may be turned over to governmental authorities in the event of suspension, limitation or termination arising from fraud investigations, investigations of violation of law or violation of these Terms. BingX will not be liable to you and/or any third party for loss or damage suffered due to delay, transmission errors, technical faults or defects, breakdowns and illegal intrusion or intervention in the information provided and services offered, or any failures or delays in completing any transactions. BingX will not be liable for any loss or damage suffered due to delays, technical faults or interruptions in the availability of the Platform, or any Services.
 

9. Governing Law and Jurisdiction

 
9.1 These Terms shall be governed by and construed in accordance with the laws of Hong Kong.
9.2 You agree to resolve any claims relating to these Terms (including any question regarding its existence, validity, termination, or any services or products provided and any representations made by us) through final and binding arbitration, except as set forth.
9.3 Before filing a claim, you agree to try to resolve the dispute informally by contacting us first through the relevant contact details provided to you. If we are not able to resolve your claims within 60 days of receiving the notice, you may seek relief through arbitration or in the Small Claims Tribunals of Hong Kong.
9.4 Either party may submit a dispute (after having made good faith efforts to resolve such dispute in accordance with clause 9.3 above) for final, binding resolution by arbitration administered by the Hong Kong International Arbitration Centre ("HKIAC"), under the HKIAC Administered Arbitration Rules which are deemed to be incorporated by reference. The arbitration tribunal shall consist of a sole arbitrator to be appointed by the HKIAC. The language of the arbitration hearings shall be English and the seat, or legal place, of arbitration shall be Hong Kong. Judgment on any arbitral award may be entered in any court having jurisdiction over the party (or the assets of the party) due and owing such award.
 

10. Language of Use

 
These Terms may be published in different languages. In case of any ambiguity or inconsistency, the English version shall prevail.