BingX Announces the Launch of USDC-Margined Trading to Provide Users with More Flexibility and Efficiency

Similarly to the popular USDT perpetual contracts, the new USDC perpetual contracts allow traders to hold and use USDC across multiple BingX markets.

BingX has announced the launch of USDC-margined trading to provide users with more flexibility and efficiency.

Similarly to the popular USDT perpetual contracts, the new USDC perpetual contracts allow traders to hold and use USDC across multiple BingX markets.

“Effective without the need for stablecoin exchange”

Transaction efficiency will get enhanced with USDC-margined trading as it provides a convenient trading experience: in BTC/USDC futures, all margins, profits, and losses are settled in USDC.

Vivien Lin, Chief Product Officer at BingX, said: “At BingX, our goal is to provide an enhanced trading experience to our traders so they have the flexibility to be more efficient and effective without the need for stablecoin exchange.

“We hope to further empower our traders with more flexible trading options to succeed in this dynamic cryptocurrency market.”

BingX was founded in 2018 and has expanded its product offering to include spot, derivatives, copy trading, and asset management.

A few months ago, the crypto exchange launched BingX Global Broker Program, an initiative designed to expand and diversify services within the blockchain industry, catering to cryptocurrency brokers worldwide.

The program offers brokers the opportunity to earn commissions by trading on BingX’s Perpetual Futures and Spot markets.

Participants in the BingX Broker Program are set to benefit from a rewards structure based on their trading volume and fees generated on BingX. This includes additional bonuses for successful referrals who complete the broker onboarding process. The program is structured to incentivize and reward active trading and engagement within the BingX ecosystem.

Brokers engaged with the program will enjoy several advantages. These include up to 55% in trading commissions, daily settlements, and other financial incentives. BingX is also providing specialized API support tailored to individual broker needs. This support encompasses rate limits and other exclusive services, catering to the specific requirements of brokers in the program.

In addition to financial benefits, BingX ensures brokers have comprehensive support. The exchange offers round-the-clock assistance for any queries or technical guidance, ensuring brokers have access to continuous support. Additionally, brokers will receive aid in developing personalized marketing plans, further enhancing their ability to succeed within the program.

The Global Broker Program marks a significant development in BingX’s service expansion. The exchange has already established partnerships with over 50 brokers, indicating the program’s critical role in enhancing BingX’s service scope.

BingX added Copy Trading to spot market

BingX enhanced user engagement with the introduction of Copy Trading to the spot market. This feature empowers BingX users by allowing them to replicate spot orders from seasoned traders, offering a convenient and efficient way to participate in spot trading.

Copy Trading in the cryptocurrency market is a practice where investors can automatically mimic the trading strategies and actions of experienced and successful traders. This approach has gained popularity because it enables less experienced traders to benefit from the expertise of more knowledgeable traders without the need to actively manage their own trades. Previously, BingX had offered copy trading services exclusively for futures trading.

Spot Copy Trading on BingX operates in real-time, enabling users to effortlessly follow these spot orders, including popular trading pairs like BTC/USDT and ETH/USDT. Users have the ability to view the profiles of traders, select a trader that aligns with their preferences based on their profit and loss history, ranking, and trading portfolio, and then observe the trades being executed, potentially leading to profitable outcomes. This streamlined process ensures accessibility for traders of all levels to engage in spot trading with precision and ease.

BingX entered MENA, launched P2P trading and MT5

In 2023, BingX introduced Peer-to-Peer (P2P) trading services for multiple MENA region and Türkiye fiat currencies, including AED, DZD, EGP, JOD, KWD, QAR, SAR, MAD, and TRY.

The launch of P2P trading in these markets is aimed at fostering greater accessibility and convenience for users seeking to purchase cryptocurrencies with their local fiat currencies.

BingX first announced its entry into the Middle East and North Africa (MENA) region in June 2023 with the goal of looking to collaborate with local partners via the BingX Partner Program. Through this program, local partners benefit from a competitive commission ratio higher than industry standards.

Earlier that year, BingX became one of the first crypto platforms to connect with MetaTrader 5, the world’s most popular trading platform, second only to MT4, particularly in the world of Forex and CFDs. Unlike MetaTrader 4, MT5 is truly multi-asset and supports stocks and futures trading.

Invitation to proficient spot traders from around the world

As a pioneer in the field of crypto copy trading, BingX has amassed a community of more than 8,000 professional traders with approximately 4 million followers, resulting in the execution of an impressive 130 million copy trading orders.

The BingX Elite

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