BingX launches $10m charitable arm for public welfare, disaster relief

Rick Steves

“We hope that our efforts in directly supporting humanitarian ventures can improve the efficiency of how we transfer value and how we can make financial systems more inclusive.”

BingX has launched its own charitable arm, a fund of $10Million for humanitarian endeavors to be allocated to donations of charitable organisations, public welfare activities, and disaster relief in various regions of the world, etc.

The social trading exchange reminded that since 2019 it has already supported efforts in the reforestation in Turkey, blood donation and environmental protection in Asia, donation drives in Vietnam, as well as disaster relief efforts for Palawan, and Leyte.

BingX offers copy trading, staking, grid trading

BingX was founded in 2018 as a crypto social trading exchange that offers spot, derivatives, and auto trading in more than 100 countries worldwide. Boasting over 3 million users.

BingX connects users with expert traders in a typical copy trading setup, where experts earn for sharing their trades and strategies. The platform also features demo trading , crypto staking, and grid trading.

Elvisco Carrington, PR & Communications Director, BingX, commented: “There is no other technology with a steeper growth over the past years—or more potential to solve any conceivable problem—than that of cryptocurrency. We hope that our efforts in directly supporting humanitarian ventures can improve the efficiency of how we transfer value and how we can make financial systems more inclusive.”

BingX expands in Europe

In late July, the firm announced an expansion to Germany following the opening of a Lithuanian office in April. While BingX prepares further expansion to neighbour markets, the newly launched German operation will add resources to support its new users, enabling them to buy, sell and trade cryptocurrencies on the BingX platform.

BingX will also work on adding German, the native language of the country, to the platform. In the meantime, German clients can benefit from the platform’s community of users spread across the world.

With a second office now in Europe, BingX is committed to developing and building an open, inclusive, high-net-worth cryptocurrency investment market to serve investors around the world.

BingX has recently opened access to WOO Network’s institutional liquidity solution, Wootrade, so that users can benefit from the deep liquidity pools on main pairs.

The partnership will have the Wootrade Network to act as a key liquidity support for BingX traders, who can easily “plug into” the network and access a rapidly growing list of assets with a peak daily trading volume of over $600 million.

BingX has added access to more than 300 new spot trading pairs and the number is expected to grow during this quarter and the next. The partnership with Woo Network is set to expand to further develop a more satisfying trading haven that yields profitability and offers more value to users.

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