BingX Blog

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

Vivien's Weekly Insights 21

Announcement: BingX Enhances Fiat Trading with Apple Pay and Google Pay Integration BingX is thrilled to announce a major enhancement in its fiat trading capabilities with the integration of Apple Pay and Google Pay. Now, BingX users can purchase cryptocurrencies using 30 fiat currencies. This integration seeks to boost user convenience through enhanced security, simplified transactions, and competitive pricing for crypto acquisitions. Apple Pay revolutionizes mobile payments with its emphasis on security and simplicity. It employs advanced encryption techniques to ensure security during transactions. Users can seamlessly buy cryptos on BingX app and website, positioning Apple Pay as a preferred choice for secure and efficient transactions. Similarly, Google Pay offers a versatile digital wallet and online payment service that simplifies the payment process across Android devices and Chrome browser. Google Pay also supports both online and offline transactions, enabling users to make p
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Donald Trump Jr. Says He Loves Memecoins But New Project Is Something ‘Much Bigger’

Join the Trading Community: Learn & Earn with BingX.   Today’s Cryptocurrency Headline Donald Trump Jr. expressed his respect for memecoins but said his project is a “larger type of platform” compared to meme tokens when asked about the Restore the Republic (RTR) memecoin during a live-streamed Q&A session on subscription-based platform Locals.“There’s a lot of guys doing great stuff. I love memecoins and that culture. I love what those guys are doing with some friends of mine. It’s great,” Don Jr. said. “But I just have to make sure that people understand that you can’t conflate one thing with another.”Earlier today, the RTR token quickly soared and fell amid rumors of being associated with Donald Trump, the current Republican nominee for the U.S. election. It is now regarded as an apparent “pump and dump” scheme.   Eric Trump, the former president’s second son, clarified that the rumor is “absolutely false.” Don Jr., during his online Q&A session, said that he i
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Vivien's Weekly Insights 20

Announcement: I’m Proud to Lead BingX Labs to Support Promising Crypto Projects     I’m thrilled to announce the launch of BingX Labs! As the Chief Product Officer of BingX, I’m passionate about discovering high-potential projects and helping them launch. At BingX Labs, we’re committed to providing a range of services, including incubation, technical support, and strategic consulting, to ensure robust support for project development. Our team will act as consultants for external clients, leveraging our extensive experience and technical prowess to help them achieve their strategic goals efficiently. Leading BingX Labs, I aim to offer comprehensive resources and expertise to help new ventures thrive. We’re managing the exchange’s product innovation while driving the strategic direction and support for promising blockchain projects. Our mission is to bring quality Web3 projects to a supportive and knowledgeable community. With BingX’s diverse us
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Vivien Lin Leads New BingX Labs to Support Promising Crypto Projects

VILNIUS, August 1, 2024 — BingX, a leading cryptocurrency exchange, is excited to announce the launch of BingX Labs. BingX Labs is dedicated to finding high-potential projects and assisting them in deploying their tokens effectively. The lab will offer a range of services including incubation, technical support, and strategic consulting. BingX staff will act as consultants for external clients, ensuring robust support for project development. This consultancy will leverage BingX’s extensive experience and technical prowess to help clients achieve their strategic goals efficiently. Headed by Vivien Lin, who also serves as the Chief Product Officer of BingX, BingX Labs aims to provide comprehensive resources and expertise to help new ventures thrive, managing the exchange’s product innovation while simultaneously driving strategic direction and support for promising blockchain projects. “Our mission at BingX Labs is to bring quality Web3 projects to a supportive and kno
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Vivien's Weekly Insights 19

New Product Highlight: BingX Launches Pre-Market Trading for Early Access to New Digital Assets BingX users can use the Pre-Market Trading feature to get early access to coins, efficient price discovery, and improved liquidity. It also enables the activation of community trading interests, positioning BingX as a primary market for new assets once they are officially listed. This innovative platform enhancement aims to redefine the landscape of cryptocurrency trading by providing users with early access to new digital assets before their official listing, starting with Hamster Kombat (HMSTR) and Catizen (CATI). This captivating clicker game has garnered a substantial user base interested in the TON Ecosystem built on the Telegram instant messaging app.   BingX Pre-Market Trading acts as an over-the-counter (OTC) platform, enabling genuine peer-to-peer trading of new coins. This feature allows users to acquire coins at optimal prices, secure liquidity in advance, and complete delive
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Hong Kong Lawmaker Advocates For Including Bitcoin In Financial Reserves Following Trump’s Speech

Join the Trading Community: Learn & Earn with BingX.   Today’s Cryptocurrency Headline Johnny Ng, a Hong Kong lawmaker, has pledged to start conversations in Hong Kong surrounding the possibility of “including bitcoin in financial reserves” following former U.S. President Donald Trump’s speech over the weekend. Ng, a member of the Hong Kong Legislative Council, wrote in a post on X on Sunday that it is “worth considering” to assign Bitcoin as part of the region’s official financial reserves. “The global acceptance of bitcoin is constantly increasing, and bitcoin is seen by the public as ‘digital gold’ in the context of its technology, so in the future, it is indeed possible to research and consider including bitcoin in strategic financial reserves, as long as it is compliant,” Ng said. Ng’s latest comment came after Trump promised in a Saturday speech at the Bitcoin 2024 conference in Nashville that he would create a “strategic bitcoin reserve” if elected in November. “I will
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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
7 min

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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Vivien's Weekly Insights 16

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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