BingX Marks Sixth Anniversary with Comprehensive Global Expansion Strategy
- Set to launch USDC-margined futures trading
- Introducing Launchpad and Launchpool for token sales
- Expanding into Turkey, Vietnam, and Argentina, backed by localized support and dedicated teams
- Plans documentary with Whale and Dolphin Conservation and Netflix to raise awareness on animal protection.
BingX is proud to present its ambitious global expansion strategy, “ExpansionX,” during its sixth-anniversary celebration that began today. Under the theme “Amazing Six,” the exchange marks this milestone with a grand 13 million USDT prize pool.
Now supporting 18 languages and a global user base of 10 million, BingX has solidified its leadership with remarkable growth in perpetual futures trading volume and 750 tokens listed on its spot trading platform. The “ExpansionX” initiative aims to broaden BingX’s footprint across more fields, further establishing its presence in the cryptocurrency industry.
Read more about the full range of activities and innovations here.
Will the markets maintain strength this week?
Bitcoin is on the climb following the news of cooling U.S. inflation data in April. The climb in reference is in a short timeframe, as Bitcoin is still up over 70% across the past six months, making it one of the best-performing assets. U.S. CPI data impacts a very wide range of markets, with traders holding steady before rate cuts are predicted to happen later this fall, so the data is not to be ignored. However, we’re still stuck in a trading range bounded by March’s all-time highs, and a dip below $57,000 last week created tension between the bulls and bears.
Analysts are taking a deeper look at Bitcoin’s on-chain activity, which looks much like previous trends. This activity has slowed and is mimicking the trends set in June of 2019, making traders take a step back and wonder if these are patterns before a breakout or not. Traders will have to keep the pressure on spot buyers so that confidence can be found above the $65,000 mark.
In other news, Ethereum is back above $3,000 with the previous support zone being around $2,800. This is great news for bullish sentiment, but maintaining strength above $3,000 will be fundamental to showcase that the asset is not just riding the news of the U.S. CPI data. Altcoins are expected to follow suit with both Ethereum and Bitcoin both making bigger moves. This week’s surge marked a break-out from a downtrend that capped prices for the last few weeks, so the bulls might be getting what they were looking for amid the first decrease in U.S. CPI inflation over the last three months.
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About Me
I’m very excited to share my interview with Cointelegraph. From social trading to comprehensive educational resources, BingX aims to make crypto trading accessible and secure for everyone. Read more about that here.
Check out the exclusive Coingape interview and gain insights into the strategic partnerships driving BingX’s growth and impact in the crypto space.
Check out my commentary on the impacts of the Bitcoin halving with Coinpost here.
Interview with Yurufuwa at TOKEN2049.
I had a fantastic chat with WU Blockchain about BRC20, BingX’s strategy in 2024, and my professional background. Check out the article linked here!
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