Crypto

BingX Introduces Futures Grid Trading to Boost Traders During Crypto Winter

SINGAPORE, July 21, 2022 /PRNewswire/ — Leading cryptocurrency social trading platform BingX is pleased to announce the launch of Futures Grid Trading by introducing Spot Grid Copy Trading in March. It is available to all registered users so that traders can earn more flexibly this crypto winter.

BingX Introduces Futures Grid Trading to Boost Traders in Crypto Winter

As the name suggests, Futures Grid Trading combines grid trading and futures trading, which can bring grid profits to users. Grid Trading is a quantitative trading strategy that automates the buying and selling of digital assets at predefined intervals within a predefined price range to build trading grids.

These trading grids allow investors to rake in money like a fishing net: by executing cheap buy orders and expensive sell orders during price volatility, the system guarantees a profit whenever the sell price exceeds the buy price, eliminating the need for market forecasting. . In addition, futures trading on the grid 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 trading the futures grid with 20 USDT and see how it automatically arbitrages. They can also pre-determine a stop loss point to limit losses on a security position.

“This quarter, part of BingX’s strategic direction is to provide users and traders with a better trading environment and new tools to increase profits. We are also further simplifying the trading process so that they can use new trading tactics that allow them to win, especially given the current market situation. – Director of Global Communications and Public Affairs, Elvisco Carrington

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This new feature will be available on both the BingX app and desktop. This allows traders to follow the market throughout the day, making strategic, informed and rational trading decisions on their behalf. To encourage traders to make money with smart tools, BingX is about to launch a campaign to cover all traders’ losses when they first trade on the futures grid.

Security is always a top priority for BingX. Since the beginning of the second quarter of 2022, the entire crypto market has been in a bearish trend. Three Arrows Capital’s bankruptcy filing has sparked a downward spiral that has hurt many crypto investors. In the face of this severe turbulence, BingX remains true to its mission of protecting users’ assets. Under no circumstances will BingX cover user funds in risky investments.

BingX is committed to providing more innovative and advanced features and services to meet the various business and social needs of users. To streamline the investment process and maximize user profits, BingX is always on the move.

About BingX

Founded in 2018, BingX.com is a global digital asset, spot asset and derivatives trading platform that offers an open, user-centric ecosystem with intuitive social trading features. Built to enrich the entire cryptocurrency industry, BingX is a safe, secure and convenient place for users to trade their favorite assets such as SafeLight, Elongate, Whiteheart and AAVE. It is a digital asset, spot and derivatives trading platform that offers an open, user-centric ecosystem with intuitive social trading features. Beginner traders can copy trades and learn from over 3,000 professional traders on BingX. BingX currently has four operating licenses in the EU, US, Canada and Oceania. BingX is a safe, secure and convenient place for users to trade digital assets.

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