BingX Blog

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

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

BingX Collaborates with WunderTrading to Elevate Crypto Automated Trading

BingX, a leading global cryptocurrency exchange, is thrilled to announce its integration with WunderTrading, a cutting-edge platform that allows users to trade and invest crypto seamlessly using automated trading bots. This strategic partnership is aimed at enhancing the automated trading experience for BingX users and introducing a new level of convenience and innovation. WunderTrading is a cloud-based cryptocurrency trading platform that simplifies cryptocurrency trading experience for beginners. Users can easily copy strategies of renowned traders or create their own. The platform offers an advanced trading terminal and automated bots integrated with TradingView, allowing users to manage portfolios efficiently within a single app. WunderTrading stands out by consolidating trading tools, enhancing user experience, and introducing unique features like the Spread-trading Terminal. The integration of BingX and WunderTrading offers BingX users a significant advantage. With access to Trad
4 min

BingX Announces Strategic Sponsorship for Dubai Future Blockchain Summit 2023

BingX, a global leading cryptocurrency exchange, proudly announces its strategic sponsorship of the upcoming Future Blockchain Summit, a cutting-edge event set to revolutionize the world of Web 3.0, Blockchain, Crypto, NFT, Metaverse, and Gaming. The summit is scheduled to take place from October 15th to 18th, at Dubai Harbour, promising an immersive experience like no other. As the Middle East/North Africa (MENA) region’s most immersive large-scale blockchain event, Future Blockchain Summit is poised to be a game-changer, with a fresh and empowering concept aimed at emboldening disruptors, empowering change-makers, and inspiring innovators across various tech domains. Over the course of four dynamic days, industry leaders, enthusiasts, and visionaries will converge to engage in an array of activities and opportunities. Attendees will have the chance to showcase their potential and expand networks through countless connections and interactions, gain valuable insights from a thoug
5 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

Worldcoin Launch and Its Impact

Worldcoin is an incredibly innovative project within the cryptocurrency space because it introduces “proof of personhood.” This mechanism identifies a person’s unique features; it’s imperative with AI on the rise, as biometric verification is unique and exclusively human. Worldcoin states, “It is the first and most fundamental building block in establishing digital identity.” By creating an open and permissionless identity protocol that can be used anonymously to prove uniqueness and humanness and to disclose credentials issued by other parties selectively, Worldcoin is impacting how we verify individuals. This technology has been applied to other industries, but never cryptocurrency, creating positive and negative discourse as with most disruptive technologies. Worldcoin represents an open-source protocol with the backing of a worldwide assembly of developers, individuals, economists, and technologists dedicated to enhancing involvement in and avail
4 min

BingX Sponsored Hackathons in APAC for Web3 Talent Development

BingX, a leading global cryptocurrency exchange, recently announced its sponsorship of Hackathon events in Vietnam and Taiwan, aimed at fostering talent development in the rapidly evolving Web3 space. With a strong commitment to supporting technological advancements and blockchain innovations, BingX has partnered with NEO and Taiwan Builder House to sponsor these Hackathon events, and attended as judges and advisory panels. Hackathon, also known as codefest, is a social coding event that brings computer programmers and other interested people together to collaboratively work on software or hardware projects. They are usually centered around a specific theme, problem, or challenge. Participants form teams to create innovative solutions, often within a limited timeframe, and present their projects to judges or a panel of experts at the end of the event. In Vietnam, BingX joins forces with Neo APAC Hackathon, an open-source, community-driven blockchain platform, to organize a Hackathon ev
4 min

BingX Gets Listed on CoinGlass: Empowering Crypto Traders with Real-Time Data and Analysis

Introduction: The cryptocurrency market is known for its fast-paced nature and constant evolution. In this dynamic landscape, staying ahead of the curve requires access to real-time data and analysis that can guide informed investment decisions. BingX, a leading global crypto exchange, has just made a game-changing announcement. It has successfully secured a listing on CoinGlass, a specialized cryptocurrency derivative data analysis platform. This strategic partnership marks a significant milestone that promises to empower traders with a wealth of market insights and advanced analysis tools, revolutionizing their approach to cryptocurrency investments.   What is CoinGlass? CoinGlass is a professional cryptocurrency derivative data analysis platform dedicated to providing global users with accurate and real-time cryptocurrency market data and analysis services. This platform aims to assist cryptocurrency enthusiasts, traders, and investors in making informed investment decisions, r
6 min

BingX Partners with Alertatron: Enhancing Crypto Trading with Automated Strategies

Introduction The cryptocurrency market is a fast-paced arena, where opportunities and risks abound. To navigate this ever-evolving landscape effectively, traders require advanced tools and strategies. One such tool that has gained recognition and admiration in the crypto trading community is Alertatron, an automated algorithm platform. Recently, BingX, a leading global crypto exchange, completed its integration with Alertatron’s API broker, opening up new avenues for traders to enhance their trading experience. In this blog, we’ll delve into the exciting partnership between BingX and Alertatron, highlighting the numerous benefits it brings to crypto traders. What is Alertatron? Alertatron is a powerful and versatile automated trading platform designed to assist cryptocurrency traders in executing their strategies efficiently. It offers a range of benefits that make it a popular choice among traders: Automated Trading: Alertatron allows traders to automate their trading s
6 min

BingX Guarantees Zero Slippage in Perpetual Futures

BingX, a leading global cryptocurrency exchange, is revolutionizing the cryptocurrency trading experience with its updated Guaranteed Price feature, to ensure zero slippage in perpetual futures. This innovative feature will cover all 166 trading pairs available on BingX’s perpetual futures, including popular options like BTC/USDT, ETH/USDT, and more.   Perpetual futures contracts are crypto trading instruments tied to the value of an underlying asset. It allows crypto traders to speculate on the future prices of the asset. Unlike traditional crypto futures contracts that come with an expiry date, perpetual futures are signed to perpetuity.   Slippage in perpetual futures refers to the difference between the expected price at which a trade is placed and the actual price at which the trade occurs. It generally occurs when there is low market liquidity or high volatility. There could be fewer market participants to take the other side of a trade, and so more time is requir
4 min

BingX Announced as Platinum Sponsor for TOKEN2049 Singapore

BingX, a leading global cryptocurrency exchange, is thrilled to announce its platinum sponsorship of the upcoming TOKEN2049 Singapore event. Following last year’s successful sponsorship of its London event, BingX continues its commitment to advancing the blockchain industry by joining hands with TOKEN2049 once again.   TOKEN2049 has gained a reputation as one of the most influential and distinguished blockchain and cryptocurrency events globally. Renowned for its ability to gather industry leaders, innovators, investors, developers, industry enthusiasts, and global media, the event serves as a platform for insightful discussions, networking, and the exploration of cutting-edge trends that shape the future of blockchain technology.   As the platinum sponsor of TOKEN2049, BingX is poised to play a significant role in enriching the event’s atmosphere. This partnership aligns with BingX’s core values of fostering innovation, collaboration, and the dissemination
3 min

BingX Expands Copy Trading to the Spot Market

BingX, a leading global cryptocurrency exchange, unveils its latest stride in elevating user engagement and strengthening its trading strategy ecosystem – the introduction of Copy Trading to the spot market. This new feature empowers BingX users to replicate spot orders from seasoned traders, providing a convenient and efficient way to engage in spot trading.   Copy trading is a practice in the cryptocurrency market where investors can automatically copy the trading strategies and actions of experienced and successful traders. It gained popularity because it allows less experienced traders to benefit from the expertise of more knowledgeable traders without having to actively manage their own trades. Earlier, BingX offered copy trading services for futures trading only.   Spot Copy Trading operates on traders’ real-time spot orders, allowing users to follow these orders effortlessly, including popular trading pairs like BTC/USDT and ETH/USDT. Users can view the tra
4 min