At the beginning of June, the new partnership of the crypto exchange BingX will be activated.
Summary
How the crypto exchange BingX works
BingX is a crypto exchange that was founded about six years ago, and for about three years it has been undergoing profound renewal.
As of today, it claims to have more than 10 million users in more than 100 different countries worldwide.
However, it is not just a simple crypto exchange, because in addition to allowing spot and derivatives trading on a wide range of cryptocurrencies, BingX also allows trading on other markets.
Probably its greatest strength is copy trading, in addition to its automatic trading systems through bots and grids.
Copy trading allows you to automatically copy the operations carried out by expert traders active on the platform, so for example you can analyze their strategies to learn how to improve your own performance.
To choose which traders are the most profitable to follow, BingX shows a ranking of the most performing copy traders, based on past profits, risk level, and the number of followers. Of course, it is also possible to examine individual traders one by one to analyze their performance.
If you identify a profitable trader that you want to copy, it is sufficient to set some options, such as capital allocation and the maximum limit of daily operations, and start the automatic replication of their operations on your own account.
The partnership
The one with Certik, which will start from mid-June, is not the only partnership of BingX.
The exchange in fact over the years has already signed and initiated several partnerships, among which the most famous is probably the one with the renowned English football team Chelsea FC. For example, in mid-July the team will launch new training kits with the exchange’s logo.
The Chelsea Football Club is absolutely one of the strongest and most famous football teams in the English Premier League, so much so that it is the fifth most successful team ever in England with as many as 23 official titles won.
Furthermore, at an international level, it is the second English team for the number of official titles won (9), including 2 Champions League and one Club World Cup.
Another important partnership in the world of sports is with UFC fighters Junyong Park and Da Woon Jung.
Cryptocurrencies and fiat
The exchange supports more than 700 trading pairs, offering a wide range of assets for both spot trading and derivatives trading.
In particular, it supports more than 830 cryptocurrencies, including all the main tokens.
As for deposits or purchases in fiat currency, it offers different payment methods, including those with credit cards.
The choice is therefore decidedly wide, and combining this with the fact of being able to use copy trading offers a very broad service intended for a wide range of users.
Events and initiatives
BingX actively participates in and also supports various crypto events around the world.
In addition to those related to the partnership with Chelsea, for example, they have recently been present at the Blockchain Week in Paris, during which the Chief Product Officer of BingX, Vivien Lin, gave a keynote on creating user-centered products.
A few months ago, they were sponsors of the 4th Annual Crypto Summit in Moscow, the largest in the crypto sector in the region.
Furthermore, it often organizes promotional initiatives, such as the SuperX Trading Competition in March, during which it offered a prize of even one million USDT.
The exchange, however, is also active in the education sector, so much so that at the end of 2023 it announced the “Istanbul Financial Literacy” initiative for the students of İstanbul Bilgi Üniversitesi in Turkey.
So not only does it organize many events and initiatives, but it also does so in different parts of the world, to support the growth of the crypto sector globally.
Among the various sponsorships are also Art Basel Miami and NFT TAIPEI in the digital art sector.
A global exchange
Therefore, both for the range of products offered, for the geographical distribution of its users, and especially for the many initiatives it organizes or sponsors around the world, it is a global exchange.
Furthermore, it is not only a wide-ranging exchange, but also of significant depth, as it allows trading for both users who are still beginners and professionals in the field.
In fact, in addition to spot trading, copy trading, and the Earn section, it also offers decidedly more professional tools, such as derivatives trading and automatic bots.
Allows trading of both perpetual futures and futures with expiration, with the possibility of also using leverage and speculating both bull and bear.
BingX also integrates bots that perform operations autonomously based on preset configurations, such as grid bots that take advantage of price fluctuations within defined ranges.
