BingX Blog

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

Code, Chaos, and Confidence: The DAO Dilemma and the Case for Centralized Stability

Imagine a company where decisions are made by clicking buttons and voting with tokens instead of heated boardroom debates. Think of seasoned executives butas token holders with some of them have’t participated in anything since years ago. That’s the current reality of DAOs: bold, decentralized, and often alarmingly…chaotic. DAOs were meant to eliminate human error and central control is still an ideal that is somewhat detached from our current application of it. As recent governance controversies have unraveled followed by massive token price impacts, it’s becoming more clear that having the tech isn’t the same as having the tools or experience to manage it more responsibly. In the thick of these developments, centralized exchanges are proving to be stabilizing force in the crypto ecosystem. While DAOs wrestle with inconsistent participation and unpredictable outcomes, centralized exchanges continues to offer secure trading, institutional-grade support, an
4 min

BingX Marks 7 Years with Grand Celebrations at TOKEN2049 Dubai

PANAMA CITY, April 22, 2025 – BingX, a global leading cryptocurrency exchange, kicks off its 7th anniversary as a Platinum Sponsor at TOKEN2049 Dubai. This premier Web3 gathering marks the beginning of a global series of festivities commemorating BingX’s milestone. As the anniversary unfolds, BingX will continue its celebration with a lineup of offline events around the world, uniting users, partners, and communities in a shared journey of growth and gratitude. Attendees at the Token2049 conference will be able to enjoy the vibrant anniversary spirit that infuses the event experience. The celebratory atmosphere, from immersive booth interactions to BingX-branded boats adorning the waterfront, highlights the connections BingX has built with its global user base. Attendees will also have the opportunity to meet BingX’s core team, provide feedback, and discover the strategy and innovation behind the platform’s latest product developments. In addition, BingX will host a p
3 min

Bitcoin and S&P 500: How the Downturn in Q1 2025 Signals Macro Challenges

The first quarter of 2025 marked a rollercoaster for the global financial markets, with cryptocurrency and traditional equities moving side-by-side. The total crypto market capitalization plummeted 18.6% to $2.8T after reaching a year-to-date high of $3.8T, while Bitcoin (BTC) fell 11.8% to $82,000. Concurrently, the S&P 500 declined 4.4%, revealing a strong correlation between these asset classes, driven by macroeconomic headwinds. This alignment underscores crypto’s growing integration into mainstream finance, a trend highly relevant to the UAE’s ambition to lead in blockchain and AI innovation through its National Strategy for Artificial Intelligence in 2031. Coingecko’s 2025 Q1 Crypto Industry report highlights that Bitcoin and the S&P 500, which were often correlated above 0.5 in recent years, faced synchronized declines in Q1 2025, largely due to global economic uncertainties following a tariff war sparked by Donald Trump’s inauguration. Bitcoin,
3 min

Daily Crypto Deep Dive with BingX: April 21st, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart of BTC/USDT on April 21, 2025, shows Bitcoin experiencing a significant surge over the past day. Starting at $83,949.50 on April 20, the price has risen sharply to a real-time value of $87,415, marking a 3.62% increase within the last 24 hours. This upward movement follows a consolidation phase between $80,000 and $84,000, with the price breaking above the recent high of $83,949.50 and reaching $87,738.00 before a slight pullback. From a 1-day perspective, this rally suggests a potential resumption of bullish momentum, as Bitcoin moves closer to the 200-day moving average of $87,929.93, indicating a possible shift in the broader trend after weeks of correction. Technical indicators on the 4-hour chart support the bullish momentum. The MACD (12,26,9) shows a value of -520.30, a DEA of -424.40, and a histogram at -423.57, indicating that while the trend has been beari
4 min

BingX Brings Balance (EPT) to Spot with a 200 Million EPT Xpool

PANAMA CITY, April 21, 2025 – BingX, a global leading cryptocurrency exchange, announces the listing of EPT, the native token for Balance.fun, for both spot trading and also on the BingX Xpool. The spot listing will commence on April 21 at 12:00 (UTC) while the Xpool launch will start on April 22 at 10:00 (UTC). BingX users can stake BTC and EPT in Xpool, though new users will have an additional option to stake USDT to win a bigger share of the reward pool that includes 2,000,000 EPT Points. The first 1000 new users who stake a minimum of 100 USDT will also be able to earn an additional bonus voucher worth 100 USDT. EPT is the governance token of Balance, an AI-powered web3 experience infrastructure designed for the masses. This new digital asset will fuel the new Balance Platform to create an open and inclusive gaming ecosystem for both gamers and developers with fairness at its core. With the integration of AI and blockchain technology, games can be built and marketed more easily whi
3 min

Cryptocurrencies with Recent Developments to Watch This Week

It’s another interesting week with more crypto revelations to discover. From smart contracts to new tools, exciting things are zooming by faster than we can keep up. Whether you’re a long-time investor or just getting started, some updates are just too juicy to pass by. Let’s have fun and take a look at a few cryptocurrencies making interesting waves recently. Stacks (STX): Bitcoin’s Smart SideKick Stacks has interesting developments lately and its great news for those who think DeFi can thrive on the Bitcoin L1 network. The Nakamoto release is now live on testnet so that brings faster transactions and much better security to Bitcoin smart contracts. On top of that, the new clarity smart contract language is making life much easier for developers who want to build on Bitcoin. All of these new advancements is helping Stacks become a stronger key player in bringing smart contracts to Bitcoin. Clarity’s predictable nature offers Bitcoin developers a much more
3 min

Beyond the Surface: Breaking Down Token Crashes and Accountability Involving Forced Liquidations

When a token nosedives 90% in a matter of minutes, the pitchforks come out. Though before we burn centralized exchanges at the stake, shouldn’t we ask a critical question: was it actually the fault of centralized exchanges? The recent meltdown of the OM token, associated with the Mantra project, sparked a fury of finger-pointing, wild speculation, and a digital riot on social media. While some investors blamed exchanges for not halting trades or warning the public, others noticed something more suspicious: wallets linked to project insiders had moved substantial sums prior to the collapse. It’s not proof of wrongdoing, but it’s certainly enough to fuel conspiracies. Behind the bot-engaging, collateral-triggering chaos though, lies a crucial learning lesson behind the finger pointing. Let’s dive into the multiple moving pieces of this complex story as an example to further deepen our understand the involving market volatility, leverage misuse, and strategic silence. The History of
5 min

BingX Kicks off Its 7th Anniversary With "Your Voice, Our Story" Campaign

PANAMA CITY, April 14, 2025 – In celebration of its 7th anniversary, the global leading cryptocurrency exchange BingX unveiled a user story campaign titled “Your Voice, Our Story“, inviting users from around the world to share their unique journeys and unforgettable moments with BingX. This campaign is rooted in BingX’s long-standing user-first vision, running from April 14, 2025, 10:00 (UTC) to April 30, 2025, 10:00 (UTC). To thank the community, BingX is offering a 10,000 USDT Early Bird Prize Pool for the first 1,000 participants. Exceptional storytellers will have the opportunity to win limited-edition Anniversary Gift Boxes, an iPhone 16 Pro Max, an iPad Pro, and an Apple Watch. Since its establishment in 2018, BingX has grown into one of the top crypto trading platforms globally, thanks to the trust and support of its vibrant community. As part of this year’s milestone, BingX is turning the spotlight on the people behind the platform — its users. The campa
4 min

How Trump’s Tariff Twist Could Impact Crypto in UAE & KSA

This week, global markets were jolted by U.S. President Donald Trump’s latest tariff policy shift. Trump announced a dramatic pivot: a 90-day pause on reciprocal tariffs for most countries lowering them to 10% for non-retaliatory nations while slamming China with a staggering 125% tariff hike. The news sent shockwaves through traditional markets, with the S&P 500 soaring nearly 7% after an earlier crash, and oil prices tumbling to four-year lows. But what does this mean for cryptocurrency enthusiasts in the UAE and KSA? Let’s break it down. So, What’s Happening With Tariffs? Last week, markets braced for chaos when Trump floated a 104% tariff on China, sparking a broad sell-off. Stocks tanked, Bitcoin dipped 7%, and investors scrambled for cover. Then came the twist: a 90-day breather for most nations, easing fears of an all-out trade war, while China’s tariff burden skyrocketed. The result? Stocks rallied hard, but oil prices slid over $1 per barrel, reflecting weaker globa
4 min

Why UAE and KSA HNWIs Are Betting on Digital Assets

The United Arab Emirates (UAE) and Saudi Arabia (KSA) have long been synonymous with wealth, innovation, and forward-thinking economic strategies. In recent years, high-net-worth individuals (HNWIs) from these Gulf powerhouses have increasingly focused on digital assets—cryptocurrencies, tokenized investments, and blockchain-based opportunities. In 2025, this shift is no fleeting trend; it’s a calculated move by savvy investors capitalizing on the region’s unique position in the global financial landscape. Here’s why UAE and KSA HNWIs are betting on digital assets—and what it means for the future of wealth in the Middle East. A Region Primed for Crypto Adoption The UAE and KSA boast some of the world’s most progressive environments for digital finance. The UAE’s Dubai has emerged as a global crypto hub, with its blockchain-friendly policies and ambitious vision to become a leader in Web3 innovation. Meanwhile, KSA’s Vision 2030 emphasizes diversification beyond oil, opening doors to fi
6 min

Stablecoins in Brazil: How BingX Drives Financial Freedom and Economic Efficiency

Stablecoins have emerged as an innovative financial solution in Brazil, offering stability and efficiency in digital transactions. According to a Chainalysis report, between 2023 and 2024, transactions involving stablecoins in the country grew by more than 200%, highlighting their increasing popularity and adoption as a tool for financial operations and currency risk mitigation. This accelerated growth reflects the search for safer and more predictable alternatives in the crypto market, especially in a scenario of inflation and currency volatility. In Brazil, the most commonly used stablecoins include USDT (Tether), USDC (USD Coin), and BUSD (Binance USD), which are widely accepted on exchanges and payment platforms. In addition to being used for international remittances and hedging against the depreciation of the Brazilian real (BRL), these cryptocurrencies are also gaining traction in sectors such as e-commerce and decentralized finance (DeFi), further expanding their utility in Br
4 min

How UAE’s Stablecoin Approvals Are Shaping the Future of Crypto Payments

The United Arab Emirates (UAE) has long been a trailblazer in embracing innovative technologies, and its recent moves in the cryptocurrency space are no exception. With the Central Bank of the UAE (CBUAE) approving frameworks for stablecoin issuance and usage, including the landmark approval of AE Coin, a dirham-pegged stablecoin, the UAE is positioning itself as a global leader in digital finance. These developments are not just a win for the UAE’s ambition to become a fintech hub; they signal a transformative shift in how cryptocurrency payments could evolve worldwide. A Stable Foundation for Digital Transactions Unlike volatile cryptocurrencies such as Bitcoin or Ethereum, stablecoins are designed to maintain a steady value by being pegged to assets like fiat currencies. In the UAE’s case, the focus on dirham-backed stablecoins, such as AE Coin, introduces a level of stability that’s critical for mainstream adoption in payments. AE Coin, fully backed by reserves held within the UAE,
5 min