BingX Deep Dive By Be In Crypto
We are so proud to be recognized by esteemed outlets like Be In Crypto. Check out a few of my favorite product highlights from their deep dive into BingX below by journalists Ryan Glenn and May Woods.
BingX Review: Features and tools
BingX offers users an array of products and features. A number of these are unique, setting the exchange apart from other centralized platforms.
Trading
While BingX is good for buying crypto outright, the platform’s most powerful offerings lie in its trading features. With advanced charting tools, real-time market data, and customizable trading strategies, BingX provides users with the tools they need to execute successful trades.
Additionally, the platform offers a wide range of trading pairs, competitive fees, and trading products, making it a popular choice for beginners and experienced traders. Some of these are:
- Spot trading: Involves buying or selling financial instruments such as stocks, commodities, or currencies at their current market price, with transactions settled “on the spot.”
- Derivatives: Financial contracts whose value is derived from the performance of an underlying asset, index, or interest rate. Common types include futures, options, and swaps.
- Copy trading: A trading strategy that allows investors to copy the trades of experienced and successful traders automatically in their own accounts.
- Grid trading: A quantitative trading strategy that automatically buys and sells assets within a pre-determined price range, capturing profit from market volatility.
Derivatives
BingX offers two types of futures: Standard Futures and Perpetuals. Standard Futures is a special BingX product that is highly user-friendly, supports Fast Order, and allows users to get started with minimal funds. Perpetual Futures are standard industry products. The futures are further broken down into two categories:
- USDT-M (USDT-Margined): These are futures contracts margined and settled in Tether (USDT), a stablecoin that is pegged to the U.S. dollar. Traders use USDT as collateral for trading, and all profits and losses are also settled in USDT.
- COIN-M (Coin-Margined): These futures contracts are margined and settled in crypto, such as Bitcoin (BTC), Ethereum (ETH), etc. This means traders use the actual cryptocurrency as collateral, and profits and losses are also realized in that cryptocurrency.
The full write-up can be found here directly on Be In Crypto.
Can Bitcoin and Ethereum Maintain Strength?
Last week kicked off riding the high of the spot Ethereum ETF approval by the SEC, and the price has remained strong since, pushing the $4,000 level. Investors have historically paid higher prices, so this is a sign that there is still strength in the market to push higher enough to hold. Both ETH and BTC are neutral for the medium to long term.
Crypto, in general, is a great topic of political debate globally, with candidates in NA pushing to support initiatives that align with their political campaigns. This has drawn the eyes of both institutional and retail investors, who are wondering if widened political support will enable further adoption.
Aside from crypto, one of the most widely discussed topics currently is the real-world asset, or “RWA” space. This sector addresses the tokenization of physical assets, combining blockchain and traditional finance. “Tokenization” addresses various categories and themes that are too wide to pin down, but the general theme is to implement crypto and blockchain technology in inefficient areas of the financial system. After we have seen the Bitcoin and soon-to-be Ethereum, spot ETFs revolutionize retail interest, it is only natural to widen the scope of products that offer investors more exposure to crypto and blockchain, to which tokenization naturally follows.
Product Highlights
Check out our wealth management promotion.
New user bonus!
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!
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article. Not financial advice.
