BingX Exchange Removes Fees for Spot Trading

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Vladislav Sopov

To sup­port cryp­tocur­ren­cy traders amid pro­longed bear mar­ket, pio­neer­ing “social exchange” BingX removes all trad­ing fees

Con­tents

As cryp­to cap­i­tal­iza­tion col­laps­es again, lead­ing cen­tral­ized exchange BingX announced an unusu­al pro­mo cam­paign to sup­port traders and attract a new gen­er­a­tion of users to the platform.

BingX exchange removes trading fees amid bear market

Accord­ing to the offi­cial state­ment shared by the BingX team, it removes all trad­ing fees on spot mod­ules, includ­ing mak­er fees, tak­er fees and fees for grid trading.

Zero-fee trad­ing start­ed on Sept. 7, 2022, at 2:00 p.m. (UTC+8). The pro­mo will be active until fur­ther offi­cial notice by BingX representatives.

The new fea­ture will be avail­able for all assets list­ed on the plat­form, includ­ing the most pop­u­lar ones: BTC, ETH, MATIC, PSG, ADA, SHIB, LUNC, OP, STG, DOGE and CHZ, as well as IDO coins.

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Elvis­co Car­ring­ton, com­mu­ni­ca­tions and PR direc­tor at BingX, high­lights that this pro­mo­tion is of para­mount impor­tance for new traders:

All users will enjoy zero fees for all spot trad­ing pairs. Waiv­ing fees are for the good of all users as it helps make cryp­to more acces­si­ble and inclu­sive for everyone.

Pioneering concept of “social trading”: What is BingX?

Sin­ga­pore-based cryp­to exchange BingX obtained trad­ing licens­es in Cana­da, the U.S., Lithua­nia and Aus­tralia. Its slo­gan is “Trad­ing made easy,” as it is well known for its user-friend­li­ness and fea­ture-rich toolkit.

The plat­form has a built-in “social trad­ing” mod­ule; users can sub­scribe to suc­cess­ful traders, copy their strate­gies and enjoy increased profits.

Also, as U.Today has pre­vi­ous­ly report­ed, BingX released an intu­itive “Grid Trad­ing” mod­ule to make cryp­to exchange oper­a­tions more stream­lined and automated.



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