BingX Blog

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

Sony Group Teases Launch of Ethereum Layer-2 Blockchain With Startale Labs

Join the Trading Community: Learn & Earn with BingX.   Today’s Cryptocurrency Headline Global conglomerate Sony Group’s joint blockchain venture with Startale announced the development of Soneium, its first Ethereum Layer-2 blockchain that focuses on scalability and user-friendliness, aiming for mainstream adoption. Soneium, upon launch, plans to deliver Web3 apps across a multitude of fields, including entertainment, gaming, and finance, leveraging Sony’s global Web2 presence, Sony Block Solutions Labs said in a statement.“Sony Group has strong distribution channels in multiple industries and existing users in our daily lives,” Sota Watanabe, Founder of Astar Network and Director of Sony Block Solution Labs, said in the press release. “Through Soneium, we will make something people want and go mainstream beyond Web3.” The joint venture is currently preparing the blockchain’s testnet launch, but the date of launch has yet to be announced. Sony Block Solutions Labs said that So
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Announcement: BingX Partners with Blockpit to Enhance Crypto Tax Reporting for Users Globally BingX is excited to announce its strategic partnership with Blockpit, a renowned European crypto tax solution provider. As of August 8, 2024, BingX users can effortlessly manage tax obligations with Blockpit, saving both time and money. Blockpit provides legal security, ensuring compliance with ever-changing regulations, and giving BingX users significant improvement in trading experience and confidence in their investments. BingX users receive a 15% discount on their first Blockpit license as a bonus. With this collaboration, BingX users gain access to Blockpit’s cutting-edge tax reporting capabilities, enabling them to manage their tax obligations and streamline their financial planning effortlessly. The advanced portfolio management tools provided by Blockpit also allow users to track and optimize their investments with greater precision, ensuring they can make informed decisions in real-ti
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AMA with Head of BingX Labs Vivien Lin

On August 7, 2024, BingX Labs, represented by Vivien Lin, Head of BingX Labs and Chief Product Officer at BingX, participated in an insightful AMA session on X.com. The discussion provided an in-depth look at BingX Labs’ mission, operations, and future goals, highlighting its pivotal role in advancing blockchain innovation. TL;DR In an AMA on August 7, 2024, Vivien Lin, Head of BingX Labs and Chief Product Officer at BingX, discussed BingX Labs’ mission to support high-potential blockchain projects. Launched on August 1, 2024, BingX Labs provides technical support, strategic consulting, and investment to accelerate project growth. The initiative is timely due to the growing interest in blockchain and cryptocurrencies. BingX Labs uses a rigorous screening process to select promising projects, offering tailored financial and strategic support. The team also focuses on community engagement to connect projects with potential investors. Looking ahead, BingX Labs aims to expand i
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BingX Partners with Blockpit to Enhance Crypto Tax Reporting for Users Globally

VILNIUS, August 13, 2024 — BingX, a global leading cryptocurrency exchange, is excited to announce its strategic partnership with Blockpit, a renowned European crypto tax solution provider. Starting August 8, 2024, BingX users can effortlessly manage tax obligations with Blockpit, saving both time and money. Blockpit provides legal security, ensuring compliance with ever-changing regulations, and giving BingX users significant improvement in trading experience and confidence in their investments. As a bonus, BingX users receive a 15% discount on their first Blockpit license. Vivien Lin, Chief Product Officer of BingX, commented on the new integration. She stated: “We are thrilled to integrate Blockpit’s innovative tax solutions into the BingX platform. This partnership is a testament to our commitment to ongoing global compliance and providing users with state-of-the-art tools for financial decision-making. By enhancing our presence in the European market, we are empowering
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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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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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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
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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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