Earlier this year, BingX partnered with Ultimate Fighting Championship (UFC) fighters Junyong Park and Da Woon Jung, both from South Korea.
Park is known for his record-breaking performance in the UFC Middleweight division. Jung is the former HEAT Light Heavyweight Champion. The partnership aims to merge the worlds of cryptocurrency and mixed martial arts (MMA), reflecting BingX’s philosophy of “Empowering Traders” and the fighters’ motto of “Make Your Own History.”
The crypto exchange became an official Chelsea “partner” back in January, agreeing to an (at least) 2.5-year sponsorship with the club, initially for the shirt sleeve (for the first six months), and then morphing into the training kit for the upcoming two seasons.
The partnership with Chelsea FC in 2024 marked BingX’s entry into sports sponsorship, reinforcing its commitment to embracing diverse markets and audiences. The sponsorship deal designates the brand as the Official Sleeve Partner for the Chelsea men’s team playing kits throughout the remainder of the 2023/24 season. Fans can anticipate the continued presence of the BingX brand emblazoned on the men’s training kit range for the subsequent two seasons.
BingX added Copy Trading to spot market
BingX enhanced user engagement with the introduction of Copy Trading to the spot market. This feature empowers BingX users by allowing them to replicate spot orders from seasoned traders, offering a convenient and efficient way to participate in spot trading.
Copy Trading in the cryptocurrency market is a practice where investors can automatically mimic the trading strategies and actions of experienced and successful traders. This approach has gained popularity because it enables less experienced traders to benefit from the expertise of more knowledgeable traders without the need to actively manage their own trades. Previously, BingX had offered copy trading services exclusively for futures trading.
Spot Copy Trading on BingX operates in real-time, enabling users to effortlessly follow these spot orders, including popular trading pairs like BTC/USDT and ETH/USDT. Users have the ability to view the profiles of traders, select a trader that aligns with their preferences based on their profit and loss history, ranking, and trading portfolio, and then observe the trades being executed, potentially leading to profitable outcomes. This streamlined process ensures accessibility for traders of all levels to engage in spot trading with precision and ease.
BingX entered MENA, launched P2P trading, and MT5
In 2023, BingX introduced Peer-to-Peer (P2P) trading services for multiple MENA region and Türkiye fiat currencies, including AED, DZD, EGP, JOD, KWD, QAR, SAR, MAD, and TRY.
The launch of P2P trading in these markets is aimed at fostering greater accessibility and convenience for users seeking to purchase cryptocurrencies with their local fiat currencies.
BingX first announced its entry into the Middle East and North Africa (MENA) region in June 2023 with the goal of looking to collaborate with local partners via the BingX Partner Program. Through this program, local partners benefit from a competitive commission ratio higher than industry standards.
Earlier that year, BingX became one of the first crypto platforms to connect with MetaTrader 5, the world’s most popular trading platform, second only to MT4, particularly in the world of Forex and CFDs. Unlike MetaTrader 4, MT5 is truly multi-asset and supports stocks and futures trading.
