Join the Trading Community: Learn & Earn with BingX.

BingX is an international digital crypto trading platform that offers derivatives, spot, and copy trading features. BingX was founded in 2018 to provide users with an intuitive take on the crypto trading ecosystem. The platform features user-centric functionality operating under a transparent network that is all-inclusive.

The platform aims to impact the crypto trading experience positively and speed up open value trade by employing innovative solutions. BingX has garnered more than 200 cryptocurrencies, with more still angling to join the platform.

BingX is among the earliest trading platforms to incorporate coined-margined and USDT-margined contracts. The organisation has also adopted USDC-margined perpetual swap onto their contract list. This enables the platform to satisfy users’ various needs during the trade market’s rise and fall.

In 2022, we took a big step by introducing the spot grid copy trading feature. This function marks a major milestone for us in our pursuit of achieving a worldwide spot trading business. BingX aims to optimise users’ spot trading experience by encouraging beginners and ordinary traders alike to emulate professional strategies through spot copy trading.

Benefits of spot grid trading

Spot Grid trading is a quantitative and automatic trading strategy that can assist BingX users in purchasing low and selling high with regard to the set grid within a defined range. The function assists investors in gaining access to the spot trading market without high operational costs and cognitive function by accessing the following benefits:

Seasoned strategies: All seasoned traders who meet grid trading standards are strictly screened to ensure the strategies they provide are well thought out. Also, ordinary traders have the option to choose whether to follow the strategy. Ordinary traders can make decisions based on the professional trader’s investment amount, rate of return, cumulative return, and arbitrage record, among other indicators.

Automated revenues: Users can get automatic arbitrage anytime without the need to watch the market constantly. This, in turn, reduces the burden on the ordinary trader and also improves returns. Research shows that return rates have increased since spot grid trading was introduced.

Professional traders get a stake in spot grid trading: Professional contract investors prefer to choose standard cryptocurrency social trading methods. BingX, on the other hand, has revolutionised the spot trading arena by providing a platform for high-frequency traders who excel in spot trading to demonstrate their tactics and receive rewards. When a skilled trader’s strategy is completed, the system settles 8% of the follower’s return and awards it to the provider.

Data transparency: The system does a detailed ranking based on the money invested, rate of interest, and trading period of the investor’s grid strategy, allowing users to make a more informed decision.

Conclusion

One of the main benefits of having strong liquidity on BingX is how it acts as a lure, boosting investor confidence and enhancing the users’ general trading experience. This promotes market transparency and provides customers with improved price execution, lowering trading costs significantly. Overall, when executing trades on BingX, users should expect lightning-fast transactions.

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.

About BingX

Founded in 2018, BingX has grown to become the world’s leading social trading platform. It is a global digital asset, spot, and derivatives trading platform that provides a safe, reliable, user-centric, and open ecosystem with intuitive social trading features to enrich the entire cryptocurrency industry. BingX also constantly updates new projects and price charts such as: Poocoin Chart, Veracity Price, AFEN Price Chart, Saitama & KaikenInu. In the countries and regions where BingX operates, it has registered or obtained financial services licenses recognised and regulated by local governments.