BingX Blog

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

BingX Appoints Vivien Lin as Chief Product Officer to Elevate User Experience

BingX, a global leading cryptocurrency exchange, announced the appointment of Vivien Lin as its Chief Product Officer. This strategic decision underscores BingX’s commitment to empowering crypto traders with continuous breakthroughs in its products and services. Vivien Lin will also take the role of Global Spokesperson of BingX, fostering transparent communication and strengthening its connection with global crypto communities. Vivien’s background in trading, product management, and market development spans nearly a decade, with a focus on forex and equity derivative products, through key roles at reputable institutions such as Morgan Stanley, BNP Paribas, and Deutsche Bank. Additionally, Vivien has years of experience in well-known crypto exchanges as leaders of financial products, risk management, and new product development, along with a deep understanding of product life cycle and go-to-market strategy. As Chief Product Officer, Vivien Lin will play a pivotal role in st
3 min

BingX Wealth Enables USDT Savings as Futures Margin

BingX, a global leading crypto exchange, has announced a groundbreaking innovation that allows its users to use their BingX Wealth savings as margins for futures trading. This move enables BingX users to optimize their futures positions while enjoying the dual benefits of active trading and prudent financial management. With this new feature, BingX users can leverage their USDT savings, whether in flexible or fixed-term accounts, as margins in futures trading. A key advantage of this development is the continued accrual of interest on these savings, even when experiencing floating losses from futures positions. It’s noteworthy that this functionality is currently exclusive to perpetual futures trading. BingX smartly determines the maximum amount of savings that can be used as margin, giving priority to those in longer terms to ensure flexibility. BingX applies a 100% financing rate for eligible wealth products, markedly higher than the average market rate. BingX users can expect
3 min

Top 5 European Union Countries with the Greatest Cryptocurrency Enthusiasm

Cryptocurrency adoption in the European Union has been steadily increasing, with many countries experiencing significant growth in their crypto markets. Many EU countries have seen impressive growth rates in their crypto markets, with Ukraine leading the pack with a high 16.3% adoption rate. The growth of the crypto market in the EU is a promising sign for the future of cryptocurrency, as more and more people are embracing this new asset class.  In this blog post, we will explore the top 5 most enthusiastic countries in the EU and the factors that have contributed to the high adoption rates in these countries.   The Current State of Cryptocurrency Adoption in Europe Cryptocurrency adoption across Europe has grown significantly over the past year. According to Chainalysis’ 2023 Global Crypto Adoption Index, Western Europe saw adoption increase 41% from 2021 to 2022. Young Europeans in particular are helping drive adoption, as they show higher rates of crypto ownership compare
8 min

BingX Unveils Fee Adjustments and Enhanced VIP Program

BingX, a leading global cryptocurrency exchange, is excited to announce a major enhancement to its user experience. As part of its ongoing commitment to providing a better trading environment, BingX will adjust trading fees for perpetual futures and make its VIP program more profitable for all users.   In response to feedback from its vibrant community of users, BingX has restructured its fee system to lower overall trading costs. These fee adjustments apply to both market takers and makers, ensuring that all BingX users can enjoy competitive trading fees in the market. The fee reductions are set to make trading on BingX even more attractive, especially for high-frequency and active traders.   Additionally, BingX has expanded its VIP program, offering its users an opportunity to unlock a wider range of exclusive benefits. BingX introduces the Supreme VIP, attainable by users who reach a specific trading volume threshold. This new VIP program provides more users with access to
4 min

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