BingX partners with AstraBit for algo trading and portfolio management in Crypto

Rick Steves

“This partnership aligns perfectly with our commitment to delivering excellence and driving the industry forward.”

BingX has partnered with AstraBit to help enhance the efficiency and success of automated crypto trading for its users.

AstraBit is an automated algorithmic trading and portfolio management tool that offers total control at all times over risk and exposure in any trade.

Maximizing BingX users’ trading potential

According to the firm, an AstraBit-powered bot will follow preset instructions but users have the power to adjust stop loss, take profits, etc. whenever they want, even in the middle of a trade.

Available 24/7, AstraBit cannot withdraw funds from users’ wallets and offers 2FA authentication, machine learning intrusion detection system, and anti-ransomware software.

Elvisco Carrington, PR and Communications Director at BingX, said: “At BingX, we are always striving to provide our users with the most advanced and innovative trading solutions. The integration with AstraBit helps revolutionize the crypto trading experience. By combining BingX’s robust platform with AstraBit’s cutting-edge technology, we are empowering our users to maximize their trading potential and achieve greater success in the dynamic crypto market. This partnership aligns perfectly with our commitment to delivering excellence and driving the industry forward.”

BingX users can leverage AstraBit to implement their automated trading strategies combining artificial intelligence/machine learning technology and infrastructure that can be customized and hyper-personalized to users’ needs.

The crypto platform offers spot, derivatives, copy, and grid trading services to over 100 countries and regions worldwide.

BingX integrated MetaTrader 5

Earlier this year, BingX announced direct integration with MetaTrader 5, being one of the first crypto platforms to connect with MT5.

MetaTrader 5 is 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.

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