BingX, a well-known cryptocurrency exchange, celebrated its sixth anniversary on May 20 by unveiling an ambitious global expansion plan called “ExpansionX.” With the theme “Amazing Six,” the exchange marked this milestone by offering a grand prize pool of 13 million USDT.
With support for 18 languages and a user base of 10 million worldwide, BingX has solidified its leadership position through significant growth in perpetual futures trading volume and the listing of 750 tokens on its spot trading platform. The “ExpansionX” initiative aims to expand BingX’s influence in the cryptocurrency industry and further establish its presence.
Diverse Product Offerings and Technological Innovation
BingX’s success is built on its unwavering commitment to continuous innovation and product diversification, catering to the evolving needs of crypto enthusiasts and traders worldwide. By providing a wide range of products, BingX empowers users with flexibility and choice in managing their digital assets.
Guided by a user-centric approach, BingX systematically develops its products and services. To enhance capital efficiency, BingX will introduce USDC-margined futures trading and expand the range of assets used as trading margins. Additionally, updates will be made to coin-margined futures trading.
Expanding Spot Trading and Wealth Management
In the field of spot trading, BingX plans to launch Launchpad and Launchpool, allowing users to participate in attractive token sales and gain access to high-quality, carefully vetted projects. For wealth management, BingX will offer loan services, enabling users to pledge tokens as collateral for loans at competitive rates. The platform will also expand its structured product offerings, including dual currency notes, accumulators/decumulators, and snowball products, to provide diverse investment options.
Furthermore, BingX aims to grant users access to top crypto asset managers, bringing institutional-quality asset management capabilities to its platform.
Brand Recognition and Corporate Social Responsibility
BingX remains dedicated to corporate social responsibility, supporting charitable causes, disaster relief efforts, environmental conservation, and community projects worldwide. In the latter half of 2024, BingX plans to enhance its community contributions. By collaborating with organizations like Whale and Dolphin Conservation and Netflix, BingX will produce a documentary to raise awareness about the cruelty of captivity and promote animal protection.
Commitment to Community and Industry Engagement
Originally starting as the first crypto social trading platform, BingX has evolved into a leading global crypto exchange, always prioritizing its users and continuously improving services to meet evolving goals. Through active engagement in industry events and regional activities, BingX fosters community involvement and promotes global adoption of cryptocurrencies through blockchain conferences, sponsorships, and educational seminars.
Global Footprints and Strategic Partnerships
Expanding into New Markets
In 2024, BingX is expanding into new markets such as Turkey, Vietnam, and Argentina. The company places great importance on localization by developing products and campaigns specifically tailored for these local markets, supported by a dedicated team with local expertise.
Strategic Alliances
Through strategic partnerships and alliances with international players like Chelsea Football Club and two UFC champion fighters, BingX has established a strong presence in key markets across continents. This enables millions of users to access cutting-edge trading solutions and unparalleled market opportunities. Looking ahead, BingX is committed to further expanding its partnerships to enhance its global presence and impact.
Vivien Lin, Chief Product Officer of BingX, expressed her excitement and gratitude, saying, “As we reflect on the past six years and look towards the future, our commitment to excellence and innovation remains unwavering. Together with our BingX community and partners, we will continue to push the boundaries of what’s possible in the crypto industry, setting new milestones and driving positive change. Thanks for being part of our journey, and we are ready to achieve new heights together in 2024 and beyond.”