Here is how the BingX platform implements one of its most popular trading modes in the futures segment
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- Futures Grid Trading Now BingX. available on
- BingX prioritizes users’ safety amid bear market
To support its large and passionate global community of traders during the “crypto winter”, Singapore-based regulated cryptocurrency exchange BingX has launched its Futures Grid trading instrument.
Futures Grid Trading Now BingX. available on
According to the official statement shared by the team of BingX crypto exchange, it implements futures grid trading with the spot grid trading instrument introduced in March 2022.
The new tool is designed to combine futures trading and grid trading – a newbie-friendly technique that opens and closes orders at predetermined intervals around a predetermined price range to form a trading grid.
As such, traders can automatically buy low and sell high without the need to manually adjust this mechanism. Furthermore, there is no need to predict the direction of price movement: grid trading allows users to profit from price fluctuations in both directions.
To support traders when there is blood in the streets, BingX introduced the minimum possible deposit amount for the Futures Grid module. Traders can try using a new instrument with only 20 USDT.
BingX prioritizes users’ safety amid bear market
Last but not least, BingX users can increase their profits by using 125x leveraged instruments when trading in Futures Grid mode. Elvisco Carrington, BingX Global Communications and Public Relations Director, highlights that the novel feature opens up new opportunities for leveraged trading for all users of the platform:
For this quarter, part of BingX’s strategic focus is to provide users and traders with an improved trading environment and new tools that facilitate profitability. We are further simplifying the trading process so that they can adopt new trading strategies that can benefit them, especially considering the current market conditions.
To make the first experience with the new instrument more newbie-friendly, BingX is going to cover all the losses in its first futures grid trading session.
Following the collapse of Three Arrows Capital, BingX representatives stated that the platform never hedged users’ funds in venture investments and did not intend to do so.