Country for PR: China
Contributor: PR Newswire Asia (China)
Friday, July 22 2022 - 00:00
AsiaNet
BingX Introduces Futures Grid Trading to Energise Traders in Crypto Winter
SINGAPORE, July 21, 2022 /PRNewswire-AsiaNet/ --

Leading crypto social trading platform BingX is excited to announce the launch 
of Futures Grid Trading, after it introduced Spot Grid Copy Trading in March. 
It is available to all registered users so that traders can earn in a more 
flexible way this crypto winter.

As its name implies, the Futures Grid Trading combines grid trading and futures 
trading, which can bring grid profit for users. Grid 
Trading<https://support.bingx.com/hc/en-001/articles/5042418864665-Spot-Grid-Cop
y-Trading-> is a quantitative trading strategy that automates the buying and 
selling of digital assets at preset intervals around a preset price range to 
build trading grids.

These trading grids help investors rake in money like a fish net - through 
executing low-buy and high-sell orders during price volatility, the system 
ensures profit every time the selling price exceeds the buying price, thus 
eliminating the need to forecast the market. On top of that, futures grid 
trading allows traders to use leverage to maximise the profit.

Compared with other platforms, BingX provides users with more flexibility by 
lowering the minimum investment amount. Traders could try futures grid trading 
with 20 USDT and see how it arbitrages automatically. They can also preset a 
stop-loss point to limit the loss on a security position.

"For this quarter, part of BingX's strategic focus is to provide users and 
traders with a better trading environment and new tools that facilitate 
profitability. We are also further simplifying the trading process so they can 
employ new trading tactics that allow them to gain, especially considering the 
current market situation." - Global Communications & Public Relations Director, 
Elvisco Carrington

This new feature will be available on both BingX app and desktop. It saves 
traders keeping tabs on the market all day by making strategic, informed, and 
rational trading decisions on behalf of them. To encourage traders to make 
money with intelligent tools, BingX is about to launch a campaign to cover all 
traders' losses in their first futures grid trading.

Security is always a top priority of BingX. Since the beginning of the second 
quarter of 2022, the overall crypto market has been on a bearish trend. The 
bankruptcy filing from Three Arrows Capital triggered a downward spiral that 
have hurt many crypto investors. In the face of this severe turbulence, BingX 
stays true to its mission in safeguarding user's assets. Under no circumstances 
would BingX hedge users' funds in venture investments.

BingX is committed to bringing about more trailblazing, industry-leading 
features and services to cater for various trading and social needs of users. 
To optimise investment experience and maximise user's profit, BingX is always 
on the go.

About BingX

Founded in 2018, BingX.com is a global digital asset, spot, and derivatives 
trading platform that provides a user-centric and open ecosystem with intuitive 
social trading features. Created to enrich the entire cryptocurrency industry, 
BingX is a safe, reliable, and user-friendly venue for users to trade their 
favourite assets such as SafeLight<https://bingx.com/en-us/prices/safelight/>, 
Elongate<https://bingx.com/en-us/prices/elongate/>, 
Whiteheart<https://bingx.com/en-us/prices/whiteheart/>, & 
AAVE<https://bingx.com/en-us/prices/aave/>. It is a digital asset, spot, and 
derivatives trading platform that provides a user-centric and open ecosystem 
with intuitive social trading features. First-time traders could do Copy 
Trade<https://bingx.com/en-us/traders/> and learn from 3,000+ professional 
traders on BingX. Now BingX holds four operating licenses from the EU, US, 
Canada, and Oceania regions. BingX is a safe, reliable, and user-friendly venue 
for users to trade digital assets.

SOURCE  BingX

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