BingX Blog

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

Vivien's Weekly Insights 07

BingX’s User-Centric Approach is Important For Bull Run Breakthrough The global vision for blockchain extends well beyond Bitcoin and trading platforms. The sector is ripe with technological advancements, particularly in AI and GameFi, underscoring the potential for crypto to catalyze significant, beneficial real-world applications. Blockchain technology holds promise far beyond what we’ve seen so far. It has incredible potential to revolutionize gaming sectors, creating entertainment and tangible assets through NFTs and beyond. BingX recognizes this and keeps it at the core of our strategy. This is a commitment to integrating emerging Web3 technology that resonates with the evolving demands of its user base. We promise to stay proactive in our engagement with Web3 projects, leveraging a dedicated research team to identify technologies that align with and enhance the platform’s offerings. Read a bit more about this here in our latest news, and catch some highlights fr
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BingX and WDC Made Progress in Ending Captivity of Whales and Dolphins

VILNIUS, April 16, 2024 — BingX Charity, the philanthropic arm of global leading crypto exchange BingX, has made impressive progress in its partnership with the Whale and Dolphin Conservation (WDC) to halt the captivity of cetaceans globally. The partnership, which began in December 2023, focuses on the End Captivity Project. This initiative seeks to raise awareness about the cruelty of keeping whales and dolphins captive and aims to reduce public support for attractions that hold these animals. The project targets the burgeoning industry of cetacean captivity, which currently sees more than 3,600 whales and dolphins confined in 350 facilities across 59 countries, primarily in coastal regions. A key component of BingX and WDC’s strategy involves comprehensive research aimed at uncovering and publicizing the methods of breeding and live captures used within the industry, with the objective of reducing public visits to these facilities. Furthermore, the partnership seeks to leverag
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BingX Launches Coin-Margined Perpetual Futures Trading

VILNIUS, April 11, 2024 — BingX, a leading cryptocurrency exchange, is thrilled to introduce coin-margined perpetual futures trading for major cryptocurrencies such as Bitcoin and Ethereum, offering leverage of up to 100x. Commencing on April 11th, 2024, BingX users will have the opportunity to hold cryptos while capturing exceptional profits through futures trading. Perpetual futures, also known as perpetual swaps, are derivative contracts that enable crypto traders to speculate on the future price of assets without a set expiration date. Coin-margined perpetual futures, a variant of crypto futures settled and collateralized in their respective base cryptocurrencies, provide BingX users the flexibility to utilize their crypto assets as collateral rather than stablecoins. Notably, all transactions within this framework are settled in cryptocurrency, allowing for diverse collateral options across different trading pairs. Coin-margined futures offer advantages of direct conversion of pro
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BingX Partners with iMe: Transforming Messaging with DeFi Integration

In a digital landscape where messaging apps and crypto platforms often operate independently, BingX recognizes the potential of iMe as a smart integration. iMe seamlessly blends the functionality of Telegram with the power of decentralized finance (DeFi), offering users the convenience of their favorite messaging app alongside advanced crypto tools and services. With iMe, users can access their Telegram groups, contacts, and chats while enjoying comprehensive crypto functionalities. This integration combines the familiar interface of Telegram with a multichain self-custodial crypto wallet and DeFi features, bridging the gap between mainstream communication and decentralized finance. iMe goes beyond being just another messaging app. With features like the in-app staking platform, message templates, and intuitive chat organization, iMe enhances the messaging experience. Additionally, the integration of CryptoBoxes allows group owners to conduct airdrops seamlessly within Telegram groups,
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BingX Announces Title Sponsorship of TOKEN2049 Dubai

VILNIUS, April 9, 2024 – BingX, a leading cryptocurrency exchange, is set to elevate the upcoming TOKEN2049 Dubai as its title sponsor. Scheduled for April 18 and 19, this seminal event will convene preeminent figures and entities from across the crypto and blockchain landscape. Beyond its major sponsorship role, BingX is poised to enhance the event’s interactive landscape with a dedicated booth. Here, the exchange will unveil its latest digital asset innovations, offering attendees a unique chance to interact with the BingX team. This engagement will foster discussions on emerging trends and opportunities within the cryptocurrency market, further enriching the event’s discourse. A major draw for participants will be the involvement of Vivien Lin, BingX’s Chief Product Officer, in a pivotal panel discussion on the Main Stage. Entitled “Exchange Evolution: Trends and Transformations in Crypto Markets,” the session will benefit from Lin’s deep industry
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How Crypto Impacts Insurance

Cryptocurrency technology, a term that has found its way into our daily conversations, is not just about digital currencies and market speculation. It’s about revolutionizing industries with technology, and one sector where it’s making waves is insurance.    In this article, we’ll explore the pivotal role crypto technology plays in reshaping the insurance landscape, how it’s already changing the game, and the exciting possibilities it holds for the future.   To truly grasp the impact of crypto on insurance, let’s start by considering the traditional insurance model. The insurance industry, for decades, has operated on a foundation built with paperwork, intermediaries, and a complex web of transactions. Enter crypto technology, and suddenly, we have the potential for a more transparent, efficient, and customer-friendly insurance ecosystem.   One of the key ways crypto is influencing insurance is through smart contracts. Now, don’t let t
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BingX Presents Empowered With Chelsea Football Club

BingX recently kicked off celebrating Empowerment with Chelsea F.C., showing empowerment isn’t just a word, but a daily commitment to growth and support. BingX, a leading cryptocurrency exchange, recently announced its partnership as the Official Crypto Exchange Partner of Chelsea Football Club. Following a remarkable launch at Stamford Bridge earlier this year, BingX delves into the empowerment of the future through bigger goals, smarter moves, and bolder performances alongside Chelsea F.C. players Christopher Nkunku, Mykhailo Mudryk, and Enzo Fernandez. In the exclusive interviews, they share their insights into how training as a Chelsea athlete relates to crypto trading and life itself.   The players were asked to share moments of feeling empowered throughout their careers. The sentiments players share in the video showcase many similarities between cryptocurrency and football. When sharing his “biggest goals“, Enzo Fernandez states that it was his very first
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BingX Lists Wormhole Protocol's Token to Expand Spot Offerings

VILNIUS, April 3, 2024 — The leading global cryptocurrency exchange BingX has announced it will list Wormhole token (W), the governance token of Wormhole Protocol, on its spot trading platform. Wormhole Protocol is a decentralized, cross-chain protocol designed to facilitate the seamless transfer of assets across different blockchains. Currently bridging over 30 different blockchains and hosting over 200 applications, Wormhole has become a vital infrastructure for thousands of developers engaged in cross-chain operations. Notably, it has processed over a billion multi-chain messages for platforms like Uniswap and Circle. Wormhole token (W) serves as the governance token of the Wormhole protocol, empowering token holders to steer the protocol’s direction through on-chain governance via a dedicated decentralized autonomous organization (DAO). The listing of W on BingX will enhance its accessibility and visibility within the global crypto community, underscoring its critical role wi
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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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