On its sixth anniversary and surpassing the milestone of 10 million
customers, the cryptocurrency exchange BingX presented its strategic
development strategy titled “ExpansionX,” under which it plans to
implement a range of new products and expand its operations to additional
countries.
BingX Introduces New
Products for Spot and Derivatives Trading
As part of
ExpansionX, the exchange intends to introduce USDC-margined futures trading and
expand the number of assets available for leveraged investing. In the spot market, the offering will be complemented by Launchpad and Launchpool,
which allow participation in the sale of new cryptocurrency projects and
tokens.
“Together
with our BingX community and partners, we will continue to push the boundaries
of what’s possible in the crypto industry, setting new milestones and driving
positive change,” Vivien Lin, the Chief Product Officer of BingX,
commented. “Thanks for being part of our journey, and we are ready to
achieve new heights together in 2024 and beyond.”
We’re turning 6! What a journey it has been. Through bull and bear markets, thank you #BingX fam for sticking by us through it all. Here’s to many more years of innovative and user-first products ahead. 🔥 pic.twitter.com/lGAmFCMJPC
— BingX (@BingXOfficial) May 20, 2024
The
offering will be complemented by lending services within wealth management, which will allow users to pledge cryptocurrencies in exchange for collateralized loans.
“The
platform will also expand its structured product offerings to include dual
currency notes, accumulators, decumulators, and snowball products, providing
diverse investment options,” the company wrote in the official statement.
New Countries and New
Partnerships
In addition
to product development, BingX also focuses on geographical expansion. The
exchange has begun entering new markets, including Turkey, Vietnam, and
Argentina, expanding its reach across several continents simultaneously.
“BingX
prioritizes localization by identifying and developing products and campaigns
specifically tailored for local markets, supported by a dedicated team with
local expertise,” the company commented.
An example is the partnership established at the beginning of this year with the
Chelsea Football Club, of which BingX became a sleeve sponsor. In addition, the
exchange’s logo will be featured on the front of the club’s training kit.
Hugest of massive thank you’s to @BingXOfficial for my birthday present and making this all possible 💙So…
