News
BingX Announces “ExpansionX” Strategy on 6th Anniversary
On its sixth anniversary and surpassing the 10 million customer milestone, cryptocurrency exchange BingX unveiled its strategic development strategy called “ExpansionX”, under which it plans to roll out a range of new products and expand its operations in other countries.
As part of ExpansionX, the exchange intends to introduce USDC margin futures trading and expand the number of assets available for leveraged investing. On 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 is possible in the cryptocurrency industry, setting new heights and driving positive change,” Vivien Lin, Chief Product Officer at BingX, commented. “Thank you for being part of our journey and we are ready to reach new heights together in 2024 and beyond.”
The offer will be complemented by lending services in the field of asset management, which will allow users to pledge cryptocurrencies in exchange for secured loans.
“The platform will also expand its structured product offering to include dual currency notes, accumulators, decumulators and avalanche 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 geographic expansion. THE
exchange began entering new markets, including Turkey, Vietnam and Argentina, expanding its reach to several continents at once.
“BingX prioritizes localization by identifying and developing products and campaigns specifically tailored to local markets, supported by a dedicated team with local expertise,” the company commented.
One example is the partnership established earlier this year with Chelsea Football Club, of which BingX became the sleeve sponsor. Additionally, the exchange’s logo will feature on the front of the club’s training kit.
As part of its development strategy, the exchange also wants to be more involved in corporate social responsibility (CSR) projects. In this regard, he is preparing to produce a documentary with Netflix and Dolphin Conservation to raise awareness of the need for animal protection.
The development plans emerge as the cryptocurrency exchange sector is recording multi-year highs, following Bitcoin’s new record in March. Although April saw a correction in spot volumes of the largest exchanges, historically, remain at high levels.
On its sixth anniversary and surpassing the 10 million customer milestone, cryptocurrency exchange BingX unveiled its strategic development strategy called “ExpansionX”, under which it plans to roll out a range of new products and expand its operations in other countries.
As part of ExpansionX, the exchange intends to introduce USDC margin futures trading and expand the number of assets available for leveraged investing. On 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 is possible in the cryptocurrency industry, setting new heights and driving positive change,” Vivien Lin, Chief Product Officer at BingX, commented. “Thank you for being part of our journey and we are ready to reach new heights together in 2024 and beyond.”
The offer will be complemented by lending services in the field of asset management, which will allow users to pledge cryptocurrencies in exchange for secured loans.
“The platform will also expand its structured product offering to include dual currency notes, accumulators, decumulators and avalanche 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 geographic expansion. THE
exchange began entering new markets, including Turkey, Vietnam and Argentina, expanding its reach to several continents at once.
“BingX prioritizes localization by identifying and developing products and campaigns specifically tailored to local markets, supported by a dedicated team with local expertise,” the company commented.
One example is the partnership established earlier this year with Chelsea Football Club, of which BingX became the sleeve sponsor. Additionally, the exchange’s logo will feature on the front of the club’s training kit.
As part of its development strategy, the exchange also wants to be more involved in corporate social responsibility (CSR) projects. In this regard, he is preparing to produce a documentary with Netflix and Dolphin Conservation to raise awareness of the need for animal protection.
The development plans emerge as the cryptocurrency exchange sector is recording multi-year highs, following Bitcoin’s new record in March. Although April saw a correction in spot volumes of the largest exchanges, historically, remain at high levels.