VILNIUS, Lithuania, Dec. 27, 2024 — BingX, a leading global cryptocurrency exchange, announces its launch of the first futures trading pair encompassing leading altcoins. This new product provides users with simplified access to major cryptocurrency market trends.

Futures indices, financial derivatives tracking asset performance, are commonly used in stock and commodity markets. Their introduction streamlines trading, allowing investors to speculate on or hedge against the overall movement of market sectors. Instead of trading individual assets, investors gain broad market exposure in a single transaction, saving both time and money.

In the cryptocurrency market, this new ALTCOIN/USDT futures pair mirrors this functionality by combining the performance of major cryptocurrencies (excluding Bitcoin and stablecoins). The index currently includes ETH, XRP, SOL, BNB, DOGE, ADA, TRX, AVAX, and SHIB. This approach offers a more efficient alternative to buying individual cryptocurrencies or ETFs, enabling leveraged speculation without the complexities of managing numerous positions and providing diversified risk management.

BingX’s Chief Product Officer commented: “By aggregating top cryptocurrencies into a single trading instrument, we’re offering users a practical and efficient way to track market trends. This index trading pair simplifies trading for less experienced users who want to trade major altcoins using leverage.”

BingX users benefit from tiered leverage options and competitive rates aligned with the platform’s perpetual futures terms, enhancing trading efficiency and simplifying order management. The index composition is regularly updated, with quarterly adjustments and responsive updates based on market dynamics.

About BingX
Founded in 2018, BingX is a leading cryptocurrency exchange serving over 10 million users globally. BingX provides a variety of products and services, including spot trading, derivatives, copy trading, and asset management, catering to users of all experience levels. BingX is committed to offering a secure platform with innovative tools to enhance user trading capabilities. In 2024, BingX became the official crypto exchange partner of Chelsea Football Club.

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