The leading global cryptocurrency exchange BingX has announced a pioneering new feature that allows users to use their BingX financial assets as margin for contract trading, optimizing their contract positions while enjoying both active trading and stable financial management for dual benefits.
This new feature allows BingX users to utilize the USDT funds in their current or fixed-term financial products as margin for contract trading. The key advantage is that the financial assets used as contract margin can continue to earn interest regardless of floating losses. This feature is currently only applicable to perpetual contracts. The system will automatically calculate the maximum amount of financial assets that can be used as margin, prioritizing the use of funds from financial products with the furthest expiration date to ensure users’ financial flexibility. In addition, BingX offers a 100% financing rate for eligible financial products, significantly higher than the market average.
Users with healthy BingX accounts will receive continuous interest income. The fixed-term financial product funds used as margin will remain in the contract account after maturity, and the interest will be automatically credited to the user’s fund account. In the event of forced liquidation, BingX will stop accruing interest and forcibly redeem, using the financial assets used as margin to offset any resulting losses. If users wish to redeem the principal of the financial product, they need to first return the financial assets used as margin to the financial account. The platform prioritizes returning financial products with shorter terms to ensure flexibility.
Megan Nyvold, Brand Director of BingX, stated:
BingX Financial Management provides integrated asset management services to help users maximize returns on idle funds. Currently, BingX Financial Management offers a variety of financial options, including current and fixed-term financial plans for mainstream cryptocurrencies such as BTC, ETH, and USDT, ensuring the safety of the principal while providing attractive annualized returns.
About BingX:
Established in 2018, BingX is a leading global cryptocurrency exchange that offers a diverse range of products and services including spot, derivatives, copy trading, and asset management to over 5 million users worldwide, catering to different levels of expertise from beginners to professionals. BingX is committed to providing a trusted platform, empowering users with innovative tools and features to enhance their trading capabilities.
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