BingX Blog

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

Bull vs. Bear Markets and Trading Strategies

The ‘Bull’ and The ‘Bear’ – the two most popular avatars for financial markets – are used to represent the general market sentiment or price movement ie rising or falling. In a ‘bull’ crypto market, the price of the cryptocurrency is rising, and investors and traders are feeling confident to buy the coin with the hopes of selling it at a higher price in the future.  In a ‘bear’ crypto market, the price of the crypto asset is falling and the general bias for investors and traders is to sell the coin to minimize loss. In a sustained bear market, many traders panic and close their positions. Every cryptocurrency and asset for that matter goes through a cycle of bull runs and bear runs, and to be a successful trader, you’ll need to know how to tackle both beasts. In the rest of this piece, we’ll discuss examples of significant bull and bear events, how you can predict each market condition, and strategies to trade bull and bear ma
15 min

BingX Introduces Infinity Grid Robot for Crypto Auto Trading After Its Zero-Fee Policy

BingX, the world’s leading social trading crypto exchange, introduced Infinity Grid for Cryptocurrency Spot Trading, aiming to help more users benefit in volatile markets through technology innovation. While spot grid places orders at fixed price intervals, the spot infinity grid does so at a preset percentage interval without the upper price bound (hence the name). As a premium strategy derived from spot grid, infinity grid is designed to avoid “missing out” on the trending market when crypto prices run high. With infinity grid, traders do not have to worry about the price would breach the upper price bound as the markets go bullish. Whenever the infinity grid sells high, the appreciated amount exceeding initial value of the coin will be sold out. The total amount of assets maintains its equivalent initial value as the infinity grid “Buy Low and Sell High” 24/7. BingX grid trading provides two methods: “Auto” or “Manual”. Users could let the infinity grid automatical
3 min

What is Klaytn (KLAY) – Team, Partnerships and Tokenomics

While we have seen a Metaverse boom in the year 2021, this year has been relatively quieter. It seems that right after the raging bull market stopped, the buzzwords such as Metaverse, gamification, DeFi, NFTs and many others, which are inherently connected to the cryptocurrency world, have since slowed down. That however does not mean that there are no interesting projects working on the development of the above-mentioned sectors. And today’s coin, Klaytn (KLAY), wants to improve several of them at the same time. What is Klaytn (KLAY)? Klaytn (KLAY) is a public blockchain that is aiming to improve the experience connected to the Metaverse, NFTs and gaming. First and foremost, it is designed to be working as a platform for real-world Metaverse solutions. It mostly wants to serve developers, who are interested in creating new experiences in the Metaverse, but do not know how or where to start. This encompasses everything from virtual goods, virtual realities, play-to-earn crypto ga
10 min

BingX Donates NT$3 million to Assist in Taiwan Earthquake Relief Efforts

BingX, the leading social trading crypto exchange, announced a donation of NT$3 million to assist in earthquake relief efforts in Taiwan. A 6.8 magnitude earthquake at a depth of 7km hit the South-eastern part of Taitung and Hualien, with aftershocks felt across the whole of Taiwan and disasters reported in the Huadong area. The earthquake derailed train carriages, causing a convenience store to collapse and trapping hundreds on mountain roads. It was also reported that one person had died and 146 were injured by the quake. We immediately set up a donation account and transferred NT$3 million to assist in relief efforts. “Since 2019, BingX has been actively supporting charitable organisations and helping disaster relief efforts in Taiwan and around the world,” said Josh Lu, director of BingX Taiwan. In addition to contributing to social corporate responsibility, this donation also seeks to contribute to the reconstruction after the Hualien earthquake. In early September this year, Bing
2 min

Эфириум завершает последний теневой форк

Подписывайся на наш канал в телеграме и будь в курсе всех новостей Новости крипто-рынка Исследовательская и инженерная компания Ethereum Nethermind подтвердила, что переход в Mainnet-Shadowfork-13 — последний теневой форк — прошло успешно, что указывает на то, что сеть готова перейти на механизм консенсуса Proof-of-Stake (PoS). Тестовые сети позволяют разработчикам Ethereum практиковать такие функции, как запуск nodes, развертывание контрактов и тестирование инфраструктуры. Таким образом, теневые форки позволяют разработчикам оценивать обновления сети до того, как они произойдут. В рамках обновления сообществу необходимо обновить клиент Ethereum и запустить комбинацию уровней исполнения и консенсуса. График биткойна от BingX Согласно Glassnode, общая стоимость депозитного контракта ETH 2.0 достигла 13 638 560 ETH. Биткойн вырос на 2,55% за последние 24 часа и поднялся до внутридневного максимума в 22 494,42 доллара. Криптовалютный рынок и традиционный фондовый рынок выросли с 9 сентяб
2 min

Polygon Announces Avail Testnet

Join the Trading Community: Learn & Earn with BingX. Today’s Cryptocurrency Headline Polygon has announced that the Polygon Avail testnet is now live, with an updated version coming soon. According to Polygon, Avail’s block time is currently 20 seconds, and each block can hold about 2MB of data. Assuming an average transaction size of 250 bytes, each Polygon Avail block today can hold about 8400 transactions (420 transactions per second). Additionally, Avail can consistently fill blocks right up to the storage limit, and increase size as needed, which could bring the transaction volume up to 500,000 transactions per block (25,000 transactions per second). BingX’s Bitcoin Chart Source: TradingView & BingX Eurozone inflation surged to another record high in August, annual inflation across the bloc rose to 9.1% this month, up from 8.9% in July, according to the latest figures from Eurostat. Bitcoin is down 0.92% over the last 24 hours and fell to an intraday low of $19,869.17. The
3 min

BingX Establishes A $10 Million Charity Arm, Reaching Out to Networks of Beneficiaries

BingX, the leading social trading exchange, announces the charitable arm with a fund of $10Million for humanitarian endeavours. The purpose of this fund is to be allocated to donations of charitable organisations, public welfare activities, and disaster relief in various regions of the world, etc. “There is no other technology with a steeper growth over the past years—or more potential to solve any conceivable problem—than that of cryptocurrency. We hope that our efforts in directly supporting humanitarian ventures can improve the efficiency of how we transfer value and how We can make financial systems more inclusive.” Elvisco Carrington, PR & Communications Director, BingX BingX has been actively exploring charitable pursuits since 2019. We are proud to have supported efforts in the reforestation in Turkey, blood donation and environmental protection in Asia, donation drives in Vietnam, as well as disaster relief efforts for Palawan, and Leyte. BingX spans across diverse markets
3 min

BingX joins in Coinfest Asia 2022

BingX, the leading crypto social exchange, recently participated in Coinfest Asia 2022, a sold-out industry event organised by Coinvestasi with a focus on the future of cryptocurrency and the web3 in Asia. Coinfest Asia aims to be a platform for crypto asset enthusiasts, industry leaders, and executives to come together and discuss to build the future of crypto assets and blockchain technology in Asia. The inaugural event was held at Café Del Mar Bali, Indonesia on 25 and 26 August. Run in a festival format, the 2-day event featured local and international speakers such as Vice Minister of Commerce Jerry Sambuaga, Oscar Darmawan CEO of Indodax, Jeth Soetoyo CEO of PINTU, David Tng from Tezos, Marouen Zelleg from Consensys, Sagar Sarbhai from Fireblocks and the Indonesian crypto project KunciCoin. BingX at Coinfest Asia 2022 Besides getting interesting information and new insights about crypto in Asia, participants also had the opportunity to do social networking and BingX was proud to
3 min

What is Demo Trading – Advantages and Disadvantages of Using Paper Trading

Join the Trading Community : Learn & Earn with BingX. As was briefly highlighted in the previous article about margin trading, trading is definitely a type of occupation that needs skill, practice, education, experience and much more. To help with that, most trading platforms or brokerages decided that they will allow their users, especially the new ones, to try their trading strategies with a method called demo trading. What is demo trading? Demo trading, also known as paper trading or market simulator, is an option for traders to use their chosen platform and trade on it without actually risking their money or capital. All of the trades are using fake capital provided by the platform, which means that the orders are not real. This also means that the orders do not affect the market as such. Thanks to paper trading, no matter which asset class or financial asset, aspiring traders can test the market without the fear of losing money right from the beginning. Paper trading essential
8 min

BingX Releases Version 3.11 Update

BingX, the leading social trading exchange, will be releasing its latest version 3.11 for Android and iOS. So what’s new in this update? First, there are new features in the Perpetual Futures order page and the professional contract ordering and order pages have been revised, further improving the trading experience. The page layout of the ordering page has been changed and the operation of opening long and short positions on the same screen is now supported. This new version also comes with updated support for new copy traders, where it allows them to follow experienced traders and observe their income to help users further determine whether to follow orders. Lastly, a new feature to set order take profit proportion when using fixed margin copy orders is now available. This allows copy traders to set their own take profit ratio when using BingX’s fixed margin copy trading. BingX continues to improve and innovate its trading platform to create a user-centric experience for its users. M
2 min

BingX Cares and Gives Back in Humanitarian Causes

BingX has been actively supporting charity organisations and lending a hand in disaster relief efforts since 2019. We are proud to have supported efforts in the reforestation in Turkey, blood donation and rubbish collection drives in Taiwan, food donation drives in Vietnam and disaster relief efforts for Palawan, Leyte and Ilo-ilo. Reforestation in Turkey BingX reforestation project, Turkey Across continents in Europe, BingX worked to combat climate change through revitalization of forests in Turkey. The BingX Carbon-free Afforestation Project saw the social trading exchange invest thousands of dollars to buy unused land and plant trees to replace those decimated by regional fires. Donation drives in Taiwan BingX blood donation, Taiwan Back in Asia, BingX volunteers also gave an arm and leg to charitable causes through a self-organised blood donation drive, as well as walking down districts and beaches to clear up rubbish. BingX beach clean-up, Taiwan BingX COVID-19 relief efforts, Tai
6 min

What is Margin Trading – Key Phrases to Know, Advantages and Disadvantages

Join the Trading  Community : Learn & Earn with BingX. Trading cryptocurrencies is probably one of the most popular and entertaining ways for newcomers in this space. However, it is far from risk free. Trading as such is a proper job, which needs skills, experience, education and much more. Thus, jumping straight to the cryptocurrency world and starting trading without any previous experience is like playing a football match with professional footballers without any previous experience on the pitch. Many newcomers, unaware of what the implications of this decision are, even decide to go for margin trading in the cryptocurrency world . While it seems very promising at the first glance, if the trader does not have experience with trading, using margin can become extremely risky. Why? To answer this very simple, yet broad question of why margin trading can be very risky, let us first define what it is and how it works. What is the margin? Margin, in its simplest definition, is using b
11 min