BingX Launches “Spot Grid Copy Trading” Feature

BingX , the world’s leading social trading platform, has taken a big step in 2022 with the launch of the “spot grid copy trading” function. This is another milestone for BingX in its global cryptocurrency spot business. After listing more than 300 spot cryptocurrencies, BingX is determined to further optimise users’ spot investment experience by supporting ordinary investors to follow professional traders and copy spot grid trading strategies to participate in spot market arbitrage.

Grid trading is an automated, quantitative trading strategy which can help BingX users to automatically buy low and sell high according to the set grid within a specific price range. The steps for BingX users to copy spot grid trading are very simple. Users can profit by selling high and buying low in volatile price ranges. Users can click here to get an easy how-to on this feature.

Ordinary investors can achieve a simple and easy cryptocurrency spot investment experience by copying the spot strategy of the seasoned traders. The service helps investors better access the cryptocurrency spot market without excessive cognitive and operational costs through the following advantages.

1. Automated revenues. BingX users can achieve automated arbitrage 24/7, without constantly watching the market. While ensuring a reduction in the burden on the average trader, it also greatly improves returns. Annualised rates of return have been relatively high, based on statistics since the feature went live.
2. Specialised strategies. All professional traders who meet the spot grid trading have been strictly screened by BingX. At the same time, ordinary investors (followers) can decide whether to follow the spot grid strategy of the professional trader by judging the investment amount, cumulative return , annualised rate of return, order list and arbitrage record and other indicators.
3. Transparent data. BingX users can chart the grid strategy gains and losses of the traders in real time. BingX ensures maximum user benefit. The system will conduct a comprehensive ranking according to the investment amount, annualised rate of return and running time of the trader’s grid strategy, so that users can have a clearer choice.
4. Professional traders have a share in spot grid copy trading. Traditional cryptocurrency social trading models tend to be more friendly to professional contract traders. However, BingX has disrupted the spot social trading space, empowering professional traders who are good at spot trading to have a stage to show their strategies and gain benefits. When the professional trader’s copy trading strategy is closed, 8% of the follower’s profit will be settled by the system and awarded to the strategy provider.

The hundreds of high-quality spot assets under BingX will continue to bring value to users after the launch of spot grid copy trading. BingX’s initiative better adapts to the long-term trend of value investment in the cryptocurrency industry, providing a convenient investment tool for more high-quality traders and loyal ordinary users who love cryptocurrency and believe in blockchain technology.

About BingX

Founded in 2018, BingX (www.bingx.com) is a global digital asset, spot, and derivatives trading platform that provides a user-centric and open ecosystem with intuitive social trading features. Created to enrich the entire cryptocurrency industry, BingX is a safe, reliable, and user-friendly venue for users to trade their favourite assets such as Cosmos ,  AXS ,  Chiliz  &  DAO.