BingX Introduces Perpetual Futures Trading with Coin Margin

VILNIUS, Lithuania, April 11, 2024 /PRNewswire/ — Excitement is in the air at BingX, a top-tier digital currency exchange, as they proudly announce the launch of coin-margined perpetual futures for prominent cryptocurrencies which include Bitcoin and Ethereum. These futures provide a high leverage option of up to 100x. Starting April 11th, 2024, traders on BingX will be poised to maintain their crypto holdings while reaping substantial returns via futures trading.

Coin-margined perpetual swaps, also described as perpetual futures, are innovative derivative arrangements without an expiry date, empowering cryptocurrency enthusiasts to speculate on the asset’s future values. Distinguished from traditional futures, coin-margined ones are settled in the same cryptocurrency that is traded, which allows BingX customers the advantage of using their digital assets for collateral instead of resorting to stablecoins. All trades under this new facility are settled in cryptocurrency, hence offering a variety of collateral options for diverse trading strategies.

Advantages of coin-margined futures include easy conversion of gains into the investor’s digital asset portfolio and synchronization with the ascending digital currency market trends. BingX’s array of derivative products has shown strong trading activities consistently, and the new coin-based perpetual futures aim to further expand its services.

Vivien Lin, BingX’s Chief Product Officer, accentuates that derivatives are vital for providing liquidity and hedging options in the dynamic crypto market space. Lin infers, “With the ongoing maturation of the cryptocurrency marketplace, it’s imperative to launch forward-thinking solutions tailored to our clientele’s emerging preferences. The debut of coin-margined perpetual futures exemplifies our commitment to facilitating our users in effectuating efficient crypto management, risk mitigation, and optimization of financial as well as operational processes.”

About BingX

Established in 2018, BingX stands as a premier cryptocurrency trading platform serving an impressive count of over 10 million clients globally. With a spectrum of offerings including spot trading, derivatives, mirror trading, and asset management, BingX caters to the full range of customer needs, from novices to the more adept. Devoted to authenticity, BingX empowers traders with avant-garde tools for refined trade acumen. In 2024, the exchange proudly announced its principal partnership with Chelsea FC, marking a milestone in sports collaborations.

For more insights, visit: https://bingx.com/

Image – https://mma.prnewswire.com/media/2384726/1920x1080_1.jpg

Logo – https://mma.prnewswire.com/media/2310183/BingX_logo_Logo.jpg