BingX Celebrates 6th Anniversary with ExpansionX Strategy, $13M USDT Prize Pool

• BingX has unveiled its global expansion plan to celebrate its sixth anniversary.
• The celebration features a 13 million USDT prize pool under the “Amazing Six” theme.
• BingX users exceed 10 million in six years, listing over 750 crypto assets on its platform.

Prominent crypto exchange BingX has unveiled its bold “ExpansionX” global expansion plan to celebrate its sixth anniversary. BingX announced this development in a recent press statement seen by Coin Edition. Under the “Amazing Six” theme, the celebration featured a significant highlight: unveiling a substantial 13 million USDT prize pool.

Notably, on its sixth anniversary, BingX has secured a robust user base exceeding 10 million globally with support for 18 languages. Furthermore, BingX has seen a surge in perpetual futures trading volume amid the listing of over 750 tokens on its platform.

The exchange stressed that these records have cemented its position as a leader in the crypto exchange arena. Accordingly, BingX believes the “ExpansionX” initiative is poised to propel its influence even further in the crypto scene.

Notably, BingX attributes its success to a steadfast dedication to innovation and a product diversification strategy that caters to the demands of crypto traders and enthusiasts worldwide.

The exchange is set to introduce USDC-margined futures trading to boost capital efficiency and broaden the range of assets accepted as trading margins. This is in addition to updates planned for coin-margined futures trading.

Furthermore, BingX is gearing up to launch Launchpad and Launch Pool in spot trading. The platforms will allow users to participate in promising token sales and access thoroughly vetted, high-quality projects.

BingX will roll out loan services for wealth management, enabling users to secure collateralized loans by pledging tokens at competitive rates. The platform also expands its structured product offerings to include dual currency notes, accumulators/decumulators, and snowball products.

Moreover, BingX is set to grant access to top-tier crypto asset managers, bringing institutional-quality asset management capabilities to its user base.

In the second half of 2024, BingX aims to amplify its community contributions. In collaboration with Whale and Dolphin Conservation and Netflix, BingX will produce a documentary to highlight the plight of animals in captivity and promote animal protection.

As BingX ventures into new markets like Turkey, Vietnam, and Argentina in 2024, the exchange emphasizes localization by crafting products and campaigns specifically designed for these markets, backed by a team with local expertise.

Notably, BingX has entered strategic partnerships with international entities such as Chelsea Football Club and two UFC champion fighters, bolstering its cross-border influence and solidifying its presence in key markets.

Reacting to the exchange’s feat, Vivien Lin, BingX’s Chief Product Officer, stated, “Together with our BingX community and partners, we will continue to push the boundaries of what’s possible in the crypto industry.”