The world's leading cryptocurrency trading platform, BingX, is proud to announce the launch of the Multi-Assets Mode for perpetual futures trading. This new feature will allow users to leverage various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT) and USD Coin (USDC) to margin perpetual futures trading. This will enhance capital efficiency and provide greater flexibility in asset management.
Vivien Lin, the Product Director at BingX, emphasized the value that this new feature brings to traders. Lin said:
"At BingX, we are always looking to enhance the trading experience for our users. The introduction of the Multi-Assets Mode is a significant step in improving the flexibility and efficiency of perpetual futures trading. This feature allows our users to better manage their assets, enabling them to trade across multiple trading pairs without the need to convert their assets. Our goal is to provide traders with more choices and optimize the resources they have."
Previously, perpetual futures trading was conducted using a single-asset margin model, meaning that only a specific cryptocurrency could be used as collateral. However, with the launch of the Multi-Assets Mode, BingX users now have the ability to cross-utilize multiple assets. This new feature allows users to unlock the full potential of their cryptocurrency investment portfolios without having to convert their initial assets into USDT or USDC, helping to optimize their capital in perpetual futures trading.
Additionally, the Multi-Assets Mode is designed with the capability to distribute margin across different perpetual futures trading pairs, allowing BingX users to seamlessly allocate assets between USDT-M and USDC-C perpetual futures trading pairs. This new flexible feature helps traders better manage their assets, making portfolio management easier and increasing liquidity across trading pairs. By allowing users to use more types of assets as collateral, BingX empowers them to maximize the utilization of their investment portfolios without unnecessary conversions, thereby enhancing overall capital efficiency.
With the introduction of this new feature, BingX reaffirms its commitment to providing innovative solutions to meet the ever-evolving needs of cryptocurrency traders. This latest advancement underscores BingX's mission to empower users with enhanced trading options and optimized financial strategies.
About BingX
Established in 2018, BingX is a leading cryptocurrency exchange serving over 10 million users worldwide. BingX offers a diverse range of products and services, including spot trading, derivatives, copy trading, and asset management tools – all designed to cater to the growing needs of users, from beginners to professional traders. BingX is dedicated to providing a trustworthy platform, empowering users through advanced tools and features to help them enhance their trading skills. In 2024, BingX proudly became the official partner of Chelsea Football Club, marking an exciting entry into the world of sports.
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