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Showing posts from December, 2022

BingX Donates NT $3 million to Assist in Taiwan Earthquake Relief Efforts

 BingX Donates NT$3 million to Assist in Taiwan Earthquake Relief Efforts On 20 September 2022, BingX, the leading social trading crypto exchange, announced a donation of NT$3 million to assist in the September earthquake relief efforts in Taiwan. A 6.8 magnitude earthquake at a depth of 7km hit the South-eastern part of Taitung and Hualien, with aftershocks felt across the whole of Taiwan and disasters reported in the Huadong area. The earthquake derailed train carriages, causing a convenience store to collapse and trapping hundreds on mountain roads. It was also reported that one person had died and 146 were injured by the quake. We immediately set up a donation account and transferred NT$3 million to assist in relief efforts. “Since 2019, BingX has been actively supporting charitable organisations and helping disaster relief efforts in Taiwan and around the world,” said Josh Lu, director of BingX Taiwan. In addition to contributing to social corporate responsibility, this donation a

BingX Secures Compliance Licenses in the United States and Canada to Further Improve the Global Security System

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 BingX Secures Compliance Licenses in the United States and Canada to Further Improve the Global Security System As of 9 February 2022, BingX, the world’s leading social trading platform, is proud to announce that it has received official approval in the United States and Canada to become one of the few Money Services Business (MSB) exchanges under regulatory control. BingX has also taken initial steps to form a compliant and secure crypto asset system. A series of regulatory approvals mark the further progress of BingX’s global compliance. The US and Canadian licences mark a milestone for BingX’s entry into mainstream global markets. In particular, the financial markets of developed countries such as the United States and Canada have strict and complex regulatory ecosystems. By becoming an authorized MSB, BingX will be able to provide compliant products and services with government approval in the United States and Canada.  The recognition of multiple countries not only ensures BingX’

Mazars Group cut ties with Larger Crypto exchanges after releasing Proof of Reserves for other Crypto Exchange

 Mazars Group cut ties with Larger Crypto exchanges after releasing Proof Of Reserves for other Crypto Exchange A week ago, top copy trading crypto exchange, BingX released Proof of Reserves after an audit done by Mazars Group. Proof of reserves is a way for a company or organization to prove that it holds a certain amount of assets or financial instruments, such as cash, securities, or cryptocurrency, in reserve. This is often done to demonstrate financial stability, transparency, and accountability to customers, stakeholders, or regulators. There are various ways to provide proof of reserves. A company may publicly disclose its financial statements, which are audited by an independent third party and include details about the company's assets and liabilities. The audited company may also provide proof of reserves by allowing an independent auditor to verify the existence and ownership of its assets. In the context of cryptocurrency, proof of reserves is a way for a cryptocurrency

What is Solana and how does it work?

 What is Solana and how does it work? Solana is a decentralized, open-source blockchain platform that aims to provide fast, secure, and scalable blockchain infrastructure for decentralized applications (dApps). It is designed to enable users to build and deploy dApps that can process millions of transactions per second, with low fees and high security. Solana uses a unique consensus mechanism called Proof of History (PoH) to validate transactions and maintain the integrity of the blockchain. PoH is a variant of Proof of Stake (PoS) that relies on the creation of a "hash chain" of timestamps, rather than on the mining of new blocks. Each timestamp in the hash chain is created by combining the previous timestamp with the hash of a set of transactions, and the chain is cryptographically secure because each timestamp depends on the previous one. To participate in the Solana network, users can either run a full node, which stores the entire blockchain and helps to validate and re

What is Cardano?

 What is Cardano? Cardano is a decentralized public blockchain and cryptocurrency project that is focused on providing a secure and scalable platform for the development and execution of smart contracts and decentralized applications (dApps). It is built on a proof-of-stake consensus protocol, which allows users to validate transactions and earn rewards by "staking" their holdings of the Cardano cryptocurrency, ADA. Cardano was created by Input Output Hong Kong (IOHK), a blockchain research and development company, and is led by Charles Hoskinson, co-founder of Ethereum . It is designed to address some of the scalability and sustainability issues that have arisen in other blockchain networks, such as Ethereum, through the use of a multi-layer architecture and a unique programming language called Plutus. Cardano aims to provide a platform for a wide range of use cases, including financial applications, supply chain management, and identity verification. It also has a strong f

PayPal Partners With MetaMask to Offer Easy Way to Buy Crypto such as Bitcoin and Ethereum

 PayPal Partners With MetaMask to Offer Easy Way to Buy Crypto such as Bitcoin and Ethereum According to a press release, PayPal will integrate its buy, sell and hold crypto services with MetaMask Wallet. Users will be able to choose to use their PayPal account to purchase Ethereum (ETH) within the MetaMask app while simplifying the process of transferring ETH from PayPal to MetaMask. Select U.S. customers can access the new offering beginning today as PayPal works to roll out the service to the rest of its U.S. customers over the next few weeks. The U.S. Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least an additional 0.75 percent of increases in borrowing costs by the end of 2023. Bitcoin is down 0.39% over the last 24 hours and fell to an intraday low of $17,565.00. The largest cryptocurrency rose above the $18,000 price level today, but the bulls are not able to hold the price above it, suggesting the sellers remain active at a hig

BTC USDT Crypto Exchange BingX Spot Adds Multiple USDC Trading Pairs

 BTC USDT Crypto Exchange BingX Spot Adds Multiple USDC Trading Pairs BingX is a leading crypto exchange that offers BTC USDT , ETH USDT , XRP USDT and LUNA USDT derivatives and Copy Trading service to more than 100 countries and regions worldwide with over 5 million users. BingX connects users with expert traders and the platform in a safe, leading, and innovative way. To provide a better service for users, BingX will list the BNB/USDC, MATIC/USDC, DOT/USDC, DOGE/USDC, TRX/USDC, UNI/USDC trading pairs at 2022-12-16 08:00 (UTC) . Make sure you try it out!   Note: 1. Please make sure that the selected chain or network on BingX is the same as the chain or network of the platform you are withdrawing funds from or depositing funds to so that unnecessary losses can be avoided. 2. Relevant parameter limits of Spot trading are automatically adjusted by the system based on market liquidity. If you have any questions, please contact BingX 24/7 online support. Risk Disclaimer: Cryptocurrency

BTC USDT Crypto Exchange BingX Spot Delists FPFT/USDT, SNFT/USDT

 BTC USDT Crypto Exchange BingX Spot Delists FPFT/USDT, SNFT/USDT BingX is a leading crypto exchange that offers BTC USDT , ETH USDT , XRP USDT and LUNA USDT derivatives and Copy Trading service to more than 100 countries and regions worldwide with over 5 million users. BingX connects users with expert traders and the platform in a safe, leading, and innovative way. BingX will delist the trading pair for the following coin on 10:00 13 December 2022 (UTC) : FPFT, SNFT   To best protect all of their users, BingX periodically reviews each digital asset they list to ensure that it continues to meet the high level of standard they expect. When a coin or token no longer meets this standard, they will conduct an in-depth review and potentially delist it. Here are some factors in their consideration: Level and quality of development activity Network/Spot/Product stability Level of public communication Unethical/fraudulent conduct Market liquidity Please note: FPFT, SNFT delisting will not

Is BingX the Best Crypto Exchange To Buy Crypto like Bitcoin?

 Is BingX the Best Crypto Exchange To Buy Crypto like Bitcoin? BingX is a leading crypto exchange that offers BTC USDT , ETH USDT , XRP USDT and LUNA USDT derivatives and Copy Trading service to more than 100 countries and regions worldwide with over 5 million users. BingX connects users with expert traders and the platform in a safe, leading, and innovative way. BingX also offers unique trading experiences from spot trading , futures, automated bot trading, copy trading , and zero-fee trading. BingX connects users with expert traders and the platform in a safe, leading, and innovative way. Below are some features that make BingX a unique social trading platform.  Diversity: BingX is accessible to over 100 countries, with offices in Canada, Hong Kong, the United States, Australia, and Taiwan. Ease Of Use: BingX has cutting-edge copy trading tools and a user interface that makes it easy to use  Reliability: The website or software should be able to run smoothly without bugs.  Security:

BTC USDT Crypto Exchange BingX Starts World Tour for Football and Crypto Fans

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 BTC USDT Crypto Exchange BingX Starts World Tour for Football and Crypto Fans BingX is a leading crypto exchange that offers BTC USDT , ETH USDT , XRP USDT and LUNA USDT derivatives and Copy Trading service to more than 100 countries and regions worldwide with over 5 million users. BingX connects users with expert traders and the platform in a safe, leading, and innovative way. BingX invites football and crypto enthusiasts all over the world to celebrate the 2022 World Cup in its World Tour as international football stars compete in the month-long tournament. BingX is spreading its footprint across Turkey, Spain, Russia, Germany, and more according to the game schedule. BingX invites worldwide fans to watch and celebrate the largest and most anticipated sporting event offline and distributes customized souvenirs at local communities. Meanwhile, the BingX World Tour enables all registered clients to trade, predict, and win alongside their preferred World Cup teams online. They will

BTC USDT Crypto Exchange BingX Will Support the BNB Smart Chain (BEP20) Network Upgrade and Hard Fork

 BTC USDT Crypto Exchange BingX Will Support the BNB Smart Chain (BEP20) Network Upgrade & Hard Fork  BingX is a leading crypto exchange that offers BTC USDT , ETH USDT , XRP USDT and LUNA USDT derivatives and Copy Trading service to more than 100 countries and regions worldwide with over 5 million users. BingX connects users with expert traders and the platform in a safe, leading, and innovative way. BingX will support the BNB Smart Chain (BEP20) network upgrade and hard fork: The BNB Smart Chain (BEP20) network upgrade and hard fork will take place at the BNB Smart Chain block height of 23,846,001, or approximately at 2022-12-12 10:00 (UTC). Deposits and withdrawals on BNB Smart Chain (BEP20) will be suspended starting from approximately 2022-12-12 09:30 (UTC). Note: The trading of tokens available on BNB Smart Chain (BEP20) will not be affected during the network upgrade and hard fork. The BNB Smart Chain (BEP20) network upgrade and hard fork will take place at the BNB Smart

BTC USDT Crypto Exchange BingX Spot Adds PRIMAL (PRIMAL) Trading Pair

 BTC USDT Crypto Exchange BingX Spot Adds PRIMAL (PRIMAL) Trading Pair BingX is a leading crypto exchange that offers BTC USDT , ETH USDT , XRP USDT and LUNA USDT derivatives and Copy Trading service to more than 100 countries and regions worldwide with over 5 million users. BingX connects users with expert traders and the platform in a safe, leading, and innovative way. Due to popular demand, BingX Spot will add the following pair to its Beta version on 19:30 8 December 2022(UTC+8). Trading pair of PRIMAL will be added. Spot trading service of this pair starts right at the release time. The deposit & withdrawal service will be available on 8 December 2022 (UTC+8). The actual start time shall prevail. # Specifications Trading Pair Public Chain Amount Limit per Order (USDT) Amount Limit per Day (USDT) Fee Rate PRIMAL/USDT BEP20 20,000 100,000 0.15%   Notes To avoid unnecessary losses due to inconsistent chain types, please check the chain types supported by BingX when you perfor

BTC USDT Crypto Exchange BingX Perpetual Contract Listing ANKR /USDT, ANT /USDT and other trading pairs

 BTC USDT Crypto Exchange BingX Perpetual Contract Listing ANKR/USDT, ANT/USDT and other trading pairs BingX is a leading crypto exchange that offers BTC USDT , ETH USDT , XRP USDT and LUNA USDT derivatives and Copy Trading service to more than 100 countries and regions worldwide with over 5 million users. BingX connects users with expert traders and the platform in a safe, leading, and innovative way.   BingX perpetual contracts will be launched soon for trading pairs: ANKR/USDT,ANT/USDT,API3/USDT,ARPA/USDT,BAKE,/USDT,BAND/USDT,COMP/USDT,DASH/USDT,SFP/USDT   Specific time: 16:00, December 8, 2022 (UTC+8)   For parameter information such as leverage and maximum unilateral position, you can view the latest parameters through the following links: About Perpetual Futures Trading Pairs, Leverage and Limits   Notes: 1. If there are any adjustments to the maximum position of a single direction trade, please refer to the latest announcement. 2. The leverage and limits are determined by use

BTC USDT Crypto Exchange BingX Spot Adds Baby Doge Coin (BabyDoge) Trading Pair

 BTC USDT Crypto Exchange BingX Spot Adds Baby Doge Coin (BabyDoge) Trading Pair BingX is a leading crypto exchange that offers BTC USDT , ETH USDT , XRP USDT and LUNA USDT derivatives and Copy Trading service to more than 100 countries and regions worldwide with over 5 million users. BingX connects users with expert traders and the platform in a safe, leading, and innovative way. Due to popular demand, BingX Spot will add the following pair to its Beta version on 8 December 2022(UTC+8). Trading pair of Baby Doge Coin (BabyDoge) will be added. Spot trading service of this pair starts right at the release time. The deposit & withdrawal service will be available on 8 December 2022 (UTC+8). The actual start time shall prevail. # Specifications Trading Pair Public Chain Amount Limit per Order (USDT) Amount Limit per Day (USDT) Fee Rate BabyDoge/USDT BEP20 20,000 100,000 0.15%   Notes To avoid unnecessary losses due to inconsistent chain types, please check the chain types supported

BTC USDT Crypto Exchange BingX Spot Adds KDA, MOB and Theta Trading Pairs

 BTC USDT Crypto Exchange BingX Spot Adds KDA, MOB, and THETA Trading Pairs BingX is a leading crypto exchange that offers BTC USDT , ETH USDT , XRP USDT and LUNA USDT derivatives and Copy Trading service to more than 100 countries and regions worldwide with over 5 million users. BingX connects users with expert traders and the platform in a safe, leading, and innovative way. Due to popular demand, BingX Spot will add the following trading pairs to its Beta version at 16: 00 2022-12-06 (UTC+8). The specifics are as follows: New Spot Trading Pairs: KDA/USDT, MOB/USDT, THETA/USDT. Spot trading service of these pairs starts right after they are listed. As the cryptocurrencies involved are native tokens of public chains whose mainnet integrations are underway, the deposit and withdrawal services will be opened as soon as it's tested. The actual opening time shall prevail Note: 1. Please make sure that the selected chain/network on BingX is the same as the chain/network of the platfo

BTC USDT Crypto Exchange BingX Announces Its Verified Proof of Reserve With Mazars

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 BTC USDT Crypto Exchange BingX Announces Its Verified Proof of Reserve With Mazars BingX , one of the leading crypto exchanges, took the lead and published its Proof-of-Reserve report verified by Mazars, a trusted third-party auditor, offering BingX’s customers additional transparency and reassurance that their cryptocurrency holdings are collateralised, with collateralisation ratios of 132%, 122%, 186%, and 112% for BTC , ETH , USDC , and USDT respectively, exist on the blockchain and under the control of BingX. Mazars is a leading international audit, tax and advisory firm, with a presence in over 90 countries and territories. With rich experience in crypto sector, Mazars South Africa conducted a third-party verification with BingX and helped ensure only credible platforms are operating in the market. “Mazars takes pride in assisting leading exchanges such as BingX to bring transparency to the crypto industry. Our attestation services will allow BingX to be more transparent, so the

BTC USDT Crypto Exchange BingX Supports the Filecoin (FIL) Network Upgrade & Hard Fork

 BTC USDT Crypto Exchange BingX Will Support the Filecoin (FIL) Network Upgrade & Hard Fork BingX is a leading crypto exchange that offers BTC USDT , ETH USDT , XRP USDT and LUNA USDT derivatives and Copy Trading service to more than 100 countries and regions worldwide with over 5 million users. BingX connects users with expert traders and the platform in a safe, leading, and innovative way. BingX will support the Filecoin (FIL) network upgrade and hard fork: The Filecoin (FIL) network upgrade and hard fork will take place at the epoch 2,383,680, or approximately at 2022-11-30 12:00 (UTC). Deposits and withdrawals on Filecoin (FIL) will be suspended starting from approximately 2022-11-30 14:00 (UTC). Note: The trading of tokens available on Filecoin (FIL) will not be affected during the network upgrade and hard fork. The Filecoin (FIL) network upgrade and hard fork will take place at the epoch 2,383,680. The estimated time is for users’ reference only. BingX advises users to de