DGAP News: BingX Launches Futuresnet Trading to Encourage Crypto Winter Traders | news

DGAP News: BingX / Keywords: Miscellaneous
BingX launches Futures Grid Trading to encourage traders during the crypto winter

21.07.2022 / 16:00
The issuer / publisher is responsible for the content of the notice.

BingX launches Futures Grid Trading to encourage traders during the crypto winter

SINGAPORE – Media OutReach – July 21, 2022 – Leading social crypto trading platform BingX is pleased to announce the launch of its futures grid trading feature following the launch of a new spot grid copy trading feature back in March. This new feature is available to all registered users to give traders a more flexible way to generate income during the current cryptocurrency winter.

As the name suggests, futures e-commerce is a combination of e-commerce and futures trading that can provide users with net profits. Grid Trading is a quantitative trading strategy that automates the buying and selling of digital assets at predetermined intervals within a predetermined price corridor to build a trading network.

These trading networks help investors make money like a fishing net – by executing buy orders at low prices and sell orders at high prices below price volatility, the system generates profit every time the sale price exceeds the purchase price. This eliminates the need to predict market movements. In addition, futures online trading allows traders to use leverage to maximize profits.

Compared to other platforms, BingX offers users more flexibility by lowering the minimum investment amount. Traders can try futures online trading with 20 USDT and see how the system performs automatic arbitrage. You can also set a predetermined stop-loss limit to limit losses on a position.

For this quarter, BingX’s strategic focus is to provide users and merchants with a better trading environment and new tools that drive profitability. We are also in the process of further simplifying the trading process to enable the use of new trading strategies that will enable them to earn returns (especially given current market conditions).

Elvisco Carrington, Global Communications & Public Relations Director

The new feature will be available on both the BingX app and the desktop. It saves traders from having to watch the market all day and makes strategic, informed and rational trading decisions for them. To encourage traders to make money through smart tools, BingX will launch a campaign to cover all traders’ losses on their first futures online trade.

Security is always a top priority at BingX. Since the beginning of the second quarter of 2022, the crypto market as a whole has been on a downward trend. The bankruptcy of Three Arrows Capital started a downward spiral that resulted in losses for many crypto investors. In light of this serious unrest, BingX remains true to its mission to protect users’ assets. Under no circumstances would BingX use users’ funds to secure venture capital investments.

BingX is committed to providing more cutting-edge, industry-leading features and services to meet different user needs related to commerce and social media. BingX is constantly active in improving the investment experience and optimizing user earnings.

About BingX

BingX.com was founded in 2018 and is a global trading platform for digital assets, spots and derivatives, offering a user-centric and open ecosystem with intuitive social trading opportunities. Bing X was founded to enrich the entire cryptocurrency industry and represents a secure, reliable and user-friendly place for users to trade with their favorite assets like Bitcoin, Ethereum, Whiteheart and AAVE. It is a digital asset, spot and derivatives trading platform that offers a user-centric and open ecosystem with intuitive social trading features. Beginner traders could use Copy Trading and learn from more than 3,000 professional traders on BingX. BingX has acquired four operating licenses in the EU, USA, Canada and Oceania regions. BingX is a secure, reliable, and easy-to-use place for users to trade digital assets.

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21/07/2022 Publication of a Corporate News / Financial News, broadcast by DGAP – a service from EQS Group AG.
The issuer / publisher is responsible for the content of the notice.

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