BingX Blog

Your go-to source for BingX stories, company news, and product updates.

Is Saudi Arabia Changing Its Stance on the Cryptocurrency Market?

Saudi Arabia’s relationship with cryptocurrencies has historically been cautious. The Saudi Central Bank (SAMA) and the Capital Market Authority (CMA) have been the primary regulatory bodies overseeing digital assets in the Kingdom. Initially hesitant, the government has been gradually warming up to blockchain technology while maintaining strict oversight. The appointment of Mohsen AlZahrani as SAMA’s Virtual Assets and CBDC lead in July 2024 signals a potential shift. Al Zahrani, a fintech Veteran with nearly two decades at SAMA, previously led the SADAD payments system, SAMA’s Innovation Center, and blockchain projects, including the UAE-Saudi Project Aber for Cross-border CBDC payments. His role suggests Saudi Arabia is exploring a regulated framework for virtual assets, potentially including cryptocurrencies. Sources indicate that SAMA and the Capital Market Authority (CMA) are engaging with global crypto firms to draft formal regulations, spurred by the UAE&#8217
3 min

BingX & Chelsea FC: Official Training Kit Launch AMA – Recap

In a recent AMA titled “BingX & Chelsea FC: Official Training Kit Launch AMA” on twitter space, BingX and Chelsea FC offered an inside look at their deepening partnership and the creative force behind the launch of the new 25/26 men’s training kit. Centered around the theme “Trained on Greatness,” the campaign highlights the shared DNA between high-performance sport and cutting-edge tech, showcasing how greatness is forged through discipline, preparation, and the smart use of both data and technology. The kit itself represents more than just a fresh look as it captures the ambition, discipline, and drive that define both Chelsea on the pitch and BingX in the digital finance world of crypto trading. The new kit reimagines Chelsea’s iconic royal blue, synonymous with the club’s identity by pairing it with sleek green as the dominant base and subtle white accents. The result is a bold, high-contrast design that still honors the club’s
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Week #25: Cryptocurrencies with Recent Developments to Watch This Week

The market tone this week continues to reflect cautious optimism, with momentum driven by protocol developments, institutional engagements, and ecosystem upgrades. Traders and investors alike are watching liquidity flows and upgrade timelines closely as these catalysts unfold. Below are the highlights from four digital assets gaining attention. Aave (AAVE): DeFi Lending Protocol Sees Resurgence Aave is trading at $287.06, rising 5.55% in the past 24 hours and about 13% over the week. The protocol is currently undergoing a pivotal governance overhaul through the Aave V3 migration, aimed at streamlining on-chain decision-making while boosting gas efficiency. In addition, its native decentralized stablecoin, GHO, has drawn renewed attention with recent protocol discussions around broader integrations and risk mitigation strategies. This dual momentum in both lending infrastructure and native asset expansion is positioning Aave for deeper DeFi relevance. Analysts see potential upside if th
4 min

BX Trend Hunter – Predict BTC Trends To Win A $12,000 Prize Pool On BingX

Do you think you can predict Bitcoin’s trend accurately? Join the BX Trend Hunter event now and have a chance to share a $12,000 prize pool with a super simple way to participate. All you need to do is predict Bitcoin’s trend or price correctly, and you could become the top “trend hunter.” Find out more details below! About BX Trend Hunter BX Trend Hunter on BingX offers a $12,000 prize pool for traders who can accurately predict Bitcoin price trends. Every correct prediction weekly is your chance to show off your market analysis skills and win valuable rewards. Along with predicting whether Bitcoin will go up or down, BX Trend Hunter also offers a fun side event – Predict the Exact Price of Bitcoin, with a weekly prize pool of $300 for the top 3 fastest “predictors.” Event Timeline The BX Trend Hunter event lasts for one month, with predictions resetting and rewards being calculated separately each week: Week 1: 06/09/25 to 06/14/25 11:00 UT
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BingX Turns 7: A Super Seven Celebration of Innovation, Community, and Crypto Fun

What happens when a leading crypto exchange hits its 7th birthday? It involves a $2.2 million prize pool, pizza-themed tokens, and a fantasy football game. BingX’s “Super Seven” anniversary was more than a celebration as the month-long spectacle combined innovative community engagement with sensation. What exactly made this “Super Seven” celebration so… super? Let’s chronologically unwrap each layer of the party. Super Seven: A month of Milestones BingX’s “Super Seven” campaign, running from April 24 to May 26 was a large commitment to their users. Involving a huge $2.2 million in prizes, the campaign featured daily BTC Token merge games, trading competitions, and surprise-filled mystery boxes. Not only that, users could also participate in solo and team trading competitions, engage in referral contests, and even win prizes by simply showing up and playing. It was a celebration that truly had something for everyone and set
6 min

Circle’s NYSE Debut: What Its $1 Billion IPO Signals About Stablecoin Mainstreaming

Curious why a stablecoin company just pulled off a crypto version of Oprah’s “You get a car!” moment? On June 5, Circle, the issuer of the US dollar–pegged USDC, burst onto the NYSE, sparking both excitement and questions, and now everyone wants in. What does it mean when a crypto-native outfit raises over $1 billion, more than doubles in value on Day One, and lands amid a wave of regulatory reform? If stablecoins are evolving from niche players to critical infrastructure, where does that leave traditional finance and your next trade on BingX? What Just Happened with the Big Debut? Circle priced its shares at around $106 at the time of this article’s publication, it raised an upsized $1.05 billion, and then soared spectacularly—opening at $69, closing around $83 on debut day while hitting highs above $135 on Monday June 9. All this marks the largest crypto IPO and highlights investors’ hunger for stablecoin exposure. With USDC’s market cap north of $60 billion and fresh complian
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BingX Launchpool to Introduce SG Coin (SGC) with Early Access Rewards

PANAMA CITY, June 13, 2025 – BingX, a leading cryptocurrency exchange and Web3 AI company, is expanding its reach into the gaming ecosystem with the introduction of SG Coin (SGC) through its Launchpool. This Launchpool brings SG Coin to a broader market, marking an exciting leap forward for both BingX and blockchain-powered gaming. From June 13 to June 17, users can stake USDT or BTC in the Launchpool to earn SGC tokens ahead of their official spot trading debut. SG Coin (SGC) is the governance and utility token for KAI SANGOKUSHI TAISEN, a strategic card battle game developed by double jump.tokyo under license from SEGA CORPORATION. Based on the hit Sangokushi Taisen series with over 1 million players, the game lets users earn and spend SGC on card packs and marketplace trades. Produced by legendary arcade game creator Mr. Nishiyama and backed by major investors like SBI Group and SONY Group, the game is now launching its token via BingX Launchpool, giving users early access before it
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BingX Listed as Approved VASP by Upbit Korea Under Travel Rule Framework

PANAMA CITY, June 13, 2025 – BingX, a leading cryptocurrency exchange and Web3 AI company, announced it has been officially added by Upbit Korea to its list of approved virtual asset service providers (VASPs) under the Travel Rule framework. This integration enables seamless crypto transfer for users between BingX and Upbit Korea, marking a notable step forward in cross-platform compliance. “This integration enhances our user experience by enabling smoother and more secure transfers of crypto assets between the platforms,” said Daniel Lai, Chief Business Officer at BingX. “We’re continuously improving platform connectivity and service reliability to ensure that our users enjoy a more efficient trading journey, and this development also reinforces our commitment to responsible innovation in the digital asset space.” Upbit Korea is a top-tier digital asset exchange headquartered in South Korea. This platform has been a dominant player in the South Kore
2 min

Vietnam’s Gen Z and the Web3 Wave: When Talent Finds Identity in a Decentralized World

In today’s hyper-connected world, Web3 is becoming a new “living space” for a generation of young Vietnamese talent. Here, they’re not just clocking in — they’re building something of their own. That’s why Web3 is emerging as a natural magnet for talent. The Native Feeling of Web3 to Newer Gens Unlike previous generations, Gen Z grew up with the internet, social media, and a culture of self-expression. They don’t wait to be empowered — they create spaces to express themselves, take ownership, and build communities. Web3 — with its values of decentralization, digital ownership, and open collaboration — reflects this mindset almost perfectly. The average 9-to-5 job is dull in their eyes. They want to make an impact, own what they create, and be part of something bigger. Web3 Doesn’t Require a Degree — Just the Right Way In Unlike traditional sectors where diplomas still dominate, Web3 values action, contribut
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Anchoring Trust: How the STABLE Act Could Redefine the Future of Stablecoins in a Volatile Market

Can a regulatory proposal transform the entire stablecoin ecosystem? Or is it just another storm in the already turbulent skies of digital finance? The STABLE Act isn’t just a footnote in the ongoing debate around crypto oversight. It might be the spark that redraws the lines between innovation and regulation. As stablecoins like USDC, Tether, and PayPal USD jostle for dominance, the real question is: what happens when governments finally tighten the leash? A Bold Step or Bureaucratic Buzzkill? The most recent draft of the STABLE Act, officially reintroduced this May, seeks to bring stablecoin issuers under the oversight of federal banking laws. The proposal mandates that any company issuing a stablecoin must be a federally insured depository institution. That’s not just a little paperwork. It could shut the door on countless DeFi-backed stablecoin projects, turning a permissionless system into a permission-required one. This legislation arrives at a time when stablecoins are not just
3 min

BingX Introduces Copy Trading 2.0: Greater Control, Transparency, and Flexibility

PANAMA CITY, June 12, 2025 – BingX, a global leading cryptocurrency exchange and Web3 AI company, has launched its perpetual futures Copy Trading 2.0, a major upgrade to its popular social trading system. This enhanced version is designed to empower users with greater control, transparency, and data-driven decision-making. With Copy Trading 2.0, BingX introduces a suite of powerful new features that simplify the trading experience, offering users more intuitive access to trading data, improved risk management tools, and enhanced flexibility when copying top traders. Dedicated Sub-Accounts for Simplified Trading BingX has introduced dedicated sub-accounts for each follower, streamlining trade and fund management. These individual sub-accounts help users keep their trades organized. In addition, the system now automatically mirrors the trader’s leverage and margin mode, enabling followers to replicate trades with the exact same settings for a more accurate and consistent copy tr
4 min

From Crypto Chaos to Connected Finance: Is Web3 Banking the Future or Just a Buzzword?

Can traditional banks survive without adapting to blockchain technology? Will crypto become safer, or will banks just become bolder risk-takers in disguise? These are no longer hypothetical questions. As the lines between traditional finance and decentralized networks continue to blur, the world of banking is undergoing a digital renaissance. Web3 banking isn’t just coming. It’s already knocking loudly at the vault door. And let’s be honest, if you thought your bank’s app was fancy, wait until you see what a smart contract can do. Stablecoins, and the Push for Real Use Cases In Japan, the government and private sector are starting to embrace blockchain-backed finance in practical ways. Initiatives to support XRPL-based Web3 startups are gaining momentum, especially with the region’s push toward digital asset innovation. It’s part of a wider pattern globally where Web3 is no longer just a playground for tech startups but a serious interest for institutional finance. Major financial inst
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