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Market News

BingX Introduces USDC-Margined Perpetual Futures to its Users

The new product by the platform will allow users to trade using their USDC balance on its derivatives exchange.

Written By Renuka Tahelyani
Published May 24, 2022 12:59 PM·Updated 1 year ago
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BingX Launches in Brazil: Promotions for Early Traders

The global social trading platform for digital assets, spot trading, and derivatives BingX has launched its USDC-margined perpetual swap. 

#BingX, the world’s leading social trading platform, is pleased to launch its $USDC-margined perpetual futures. This new product will allow users to trade using their USDC balance on BingX’s derivatives exchange.

Read more 📒 https://t.co/vNbHhcuQEc pic.twitter.com/Z5hSB6A47P

— BingX (@BingXOfficial) May 23, 2022

BingX provides an open ecosystem with intuitive social trading features for users to trade their favorite assets, such as BTC, ETH, USDC, ANC, and STEPN. 

The new product by the platform will allow users to trade using their USDC balance on its derivatives exchange. Perpetual swaps are an increasingly popular way to trade USD Coin (USDC) using margin trading. 

Citing the volatility of USDT in recent times Elvisco Carrington, Global Communications & PR Director at BingX commented on the announcement saying, “Over the past week, we’ve been listening to the cries of users and have sought to answer their prayers by launching our USDC-margined perpetual futures, which is relatively more reliable and trusted. BingX will continue to add more value through its new innovative products.”

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Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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