BingX brings Crypto spot, derivatives, copy, and grid trading to MENA region

Rick Steves

“As the demand for cryptocurrencies continues to grow in the region, we are committed to providing a reliable and user-friendly platform that caters to the unique needs and preferences of our MENA users.”

BingX is further expanding into the Middle East and Northern Africa (MENA) markets to connect with a diverse range of users and foster the adoption of cryptocurrencies in the region.

The strategic move is part of BingX’s ongoing commitment to providing reliable and innovative trading services to users worldwide. By venturing into these vibrant markets, BingX will first eye local partners to collaborate with.

BingX Partner Program to nurture MENA crypto community

BingX offers a comprehensive suite of services that includes crypto spot, derivatives, copy trading, and grid trading to clients in over 100 countries. With a strong presence in Asia, Europe, and the Americas, BingX’s expansion into the MENA markets is driven by BingX’s strategic vision and commitment to global growth.

The MENA region has witnessed a significant surge in interest and adoption of cryptocurrencies, with a growing number of individuals and businesses seeking reliable and secure platforms to trade digital assets.

BingX aims to provide local traders with a seamless and feature-rich trading experience, empowering them to explore new investment opportunities and navigate the crypto landscape with confidence.

As part of its commitment to delivering exceptional trading experiences and nurturing a vibrant crypto community in the MENA region, BingX is proud to be introducing the BingX Partner Program.

Through this program, local partners will benefit from a competitive commission ratio higher than industry standards. By combining BingX’s reputable standing as a leading crypto exchange with the expertise and insights of local partners, it is worth the wait for the launch of the program to deliver tailored solutions and services that cater to the specific needs and preferences of MENA traders.

Elvisco Carrington, PR and Communications Director of BingX, said: “We are thrilled to bring BingX to the Middle East and North Africa markets. As the demand for cryptocurrencies continues to grow in the region, we are committed to providing a reliable and user-friendly platform that caters to the unique needs and preferences of our MENA users. This expansion is a testament to our commitment to global accessibility and our vision of revolutionizing the way people trade and invest in crypto. We are excited to engage with dynamic markets and collaborate with local partners to create mutual value.”

BingX was one of the first crypto platforms to integrate MetaTrader 5

Earlier this year, BingX became one of the first crypto platforms to connect with MetaTrader 5, the world’s most popular trading platform, second only to MT4, particularly in the world of Forex and CFDs. Unlike MetaTrader 4, MT5 is truly multi asset and supports stocks and futures trading.

MT5 offers advanced features such as more technical indicators, depth of market (DOM), and the ability to trade on multiple exchanges. It is also designed to support automated trading systems and allows traders to develop their own trading robots and custom indicators.

BingX tapped MT5 to further optimize the trading process with cutting-edge innovation from traditional finance and provide users with a more comprehensive and user-friendly trading experience. The connection to MT5 allows BingX users to easily activate the BingX MT5 account and trade futures straight from MT5’s interface and leverage tools for greater convenience and accessibility.

Orders placed on MT5 will be updated in BingX’s order book. Users can expect safe and stable trading experience on cryptocurrencies like BTC and ETH with more advanced analysis tools for quantitative trading and customised functions. And most risks will be eliminated by quick access to up-to-date market information. Meanwhile, this integration also opens a door for forex traders on MT5 to crypto world so that they could easily start to try.

Read this next

Digital Assets

Bybit exits UK market ahead of regulatory changes

Bybit is suspending its cryptocurrency services for users in the United Kingdom due to impending regulations from the country’s Financial Conduct Authority (FCA).

Digital Assets

Binance argues SEC trampled authority set by Congress

Binance, Binance.US, and Changpeng Zhao have jointly filed to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) in June.


Oscar Asly replaces Rasha Gad as CEO of M4Markets Dubai

Seychelles-regulated brokerage firm M4Markets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

Retail FX

Capital Index UK reports mitigated loss despite revenue drop

FCA-regulated brokerage firm Capital Index (UK) Limited has released its annual financial report for the year 2022.

Digital Assets

Mike Novogratz’s Galaxy Digital expands in Europe

Galaxy Digital, the New York-based cryptocurrency financial services company founded by Mike Novogratz, is expanding its presence in Europe by appointing Leon Marshall as its first European CEO.

Metaverse Gaming NFT

Turingum Partners with MarketAcross to Drive Web3 Adoption in Global and Japanese Markets

Global blockchain PR leader MarketAcross joins forces with Japanese Web3 specialist Turingum to mutually expand its market reach, aiming to fortify Turingum’s worldwide footprint and MarketAcross’s presence in the lucrative Japanese blockchain landscape.

Digital Assets

Binance to delist all stablecoins in Europe next year

During a public hearing with the European Banking Authority (EBA), an executive from Binance said that the exchange could ultimately delist stablecoins from its European platforms by June 30, 2024.

Industry News

“Unconscionable conduct”: ASIC fines National Australia Bank $2.1m for overcharging customers

NAB faces a $2.1 million penalty for unconscionable conduct, as the Federal Court rules the bank knowingly overcharged customers, and took over two years to rectify the situation.