BingX, a leading cryptocurrency social trading platform has announced the introduction of its new Spot Grid Copy Trading feature, allowing users to conduct consistent trading strategies.
As per the announcement, BingX’s new feature combines Grid trading and Copy trading benefits. The feature uses strategies from professional traders to allow users to earn more from crypto asset volatility. Notably, the Spot Grid Copy Trading feature provides users with multiple strategies. The feature allows users to evaluate the different strategies by considering their investment amount, projected annualized return, past returns, etc.
Commenting on the development, Elvisco Carrington, the Public Relations and Communications Director at BingX, explained:
“We are very excited to launch our Spot Grid Copy Trading Feature. We’ve promised to give our users new cutting-edge features throughout 2022, and we are doing just that. In an industry where innovation is at its peak, it is crucial for BingX to remain competitive by way of innovation.” Carrington added, “Both our product and marketing teams have been working tirelessly behind this scene to add more value for traders, with the spot trading arena being the epicenter. We also understand that being a first mover in the industry comes with several advantages, which we hope to capitalize on. Users can look out for more spot trading pairs being listed as well as other new innovative tools from BingX.”
Grid trading works similarly to proving liquidity on AMM DEXs. The process entails setting up gradual buy and sells orders in a defined range of prices. As prices oscillate within the set range, users can then make reliable profits from the fluctuations. The strategies are created by professional traders who BingX screens strictly. These traders receive up to 8% of the followers’ profits as incentives for their work and skills.
BingX is a global digital asset, derivative, and spot trading platform created in 2018. BingX prides itself as a people’s exchange created to allow its users to unlock the fast-growing crypto market. The platform seeks to provide its users with a crypto social trading network that allows them to connect with elite traders while at the same time allowing them the opportunity to discover more innovative investments.
So far, over 300 spot cryptocurrencies, including Shakita, Ape Coin, Chainlink, STAKE, IDEX, and CVX, have been listed in BingX. In addition, BingX is making arrangements to further optimize the spot investment experience for its users.
