BingX Announces Enhanced Functionality for Trading with Coin-Margined Futures

BingX is thrilled to announce substantial enhancements to its Coin-margined Futures offerings, underscoring its commitment to enriching the user experience with comprehensive and user-friendly trading functionalities.

Highlighted in the updates are a Trigger Order option and an Isolated Margin Mode capability, with the latter being a pivotal addition that aids traders in enhancing their risk management tactics for digital asset trading.

The Isolated Margin Mode is distinctive in that it compartmentalizes the margin for an individual position, meaning the margin for each position is exclusively dedicated to it. This delineation allows traders to limit the necessary margin for specific contracts, effectively reducing their risk profile.

The firm points out that with Isolated Margin Mode, during a forced liquidation event, the trader’s losses are confined to the margin of the specific position in question, preserving their remaining capital.

It further aids in the management of liquidation dangers by allowing adjustments to the margin in Isolated Margin Mode and instantly displaying the maximum possible margin adjustments, as well as a projection of the liquidation price.

By employing this feature, traders can more effectively manage their trades with minimal manual intervention, automating the realization of desired profits and enforcing stop-loss limits. The capability to pre-set trading parameters empowers users to streamline their trading strategies and execution.

Also Read: Monumental $21.9m Ethereum Whale Resurfaces After Nine Years