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

Binance claims Nigerian officials sought $150 million bribe

A Nigerian court has ruled that Tigran Gambaryan, a Binance executive detained on charges of tax evasion and money laundering, can stand trial on behalf of the world’s largest cryptocurrency exchange.

Digital Assets

Kraken reviews Tether listing in Europe ahead of MiCA adoption

Cryptocurrency exchange Kraken is “actively reviewing” whether to delist the stablecoin Tether (USDT) from its European platform, according to a report by Bloomberg.


Discover How MoonBag Coin Presale Stacks Up Against Dogecoin & Litecoin

Discover how the MoonBag Coin presale compares to Dogecoin and Litecoin, with unique features, a robust presale structure, and new opportunities in 2024.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: Federal Reserve Policy, USD, May 17 ,2024

Overall, both the Federal Reserve’s policy and the US dollar’s outlook are shrouded in some degree of uncertainty.

Market News, Tech and Fundamental, Technical Analysis

Ethereum Technical Analysis Report 17 May, 2024

Ethereum cryptocurrency can be expected to rise further toward the next resistance level 3200.00, which is the top of the previous impulse wave i.

Digital Assets

Hong Kong adopts digital yuan payments through Chinese banks

Hong Kong has launched a pilot program enabling digital yuan payments through major Chinese banks, marking the first instance of China’s digital currency project being deployed outside the mainland.

Retail FX

Saxo Bank increases client assets five-fold to $116 billion

Copenhagen-based broker Saxo Bank has achieved a major milestone, surpassing $116 billion (DKK 800 billion) in client assets.

Inside View

ISDA says US Basel III “endgame” to heighten market risk capital

ISDA further explained that, by requiring banks to hold additional capital that is misaligned with levels of risk, the proposal would significantly reduce capital market access for US end users and businesses, restrict the ability of businesses to hedge exposures to changes in commodity prices, and increase the cost of everyday consumer goods, including food and gasoline.

Digital Assets

droppGroup Launches droppLink to Revolutionize AI Development and Management on Blockchain

Discover how droppGroup is revolutionizing AI and blockchain integration with droppLink, a groundbreaking platform that enhances AI development and management across multiple blockchains.