BingX Blog

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

Why Gulf Investors Are Snapping Up Bitcoin’s Latest Dip

The cryptocurrency market is no stranger to volatility, and Bitcoin’s dip to $79,000 in early March 2025 has once again drawn global attention. This pullback follows a period of highs earlier in the year, reflecting the dynamic nature of digital assets. While some might view this drop as notable, activity in the Gulf region, particularly in the UAE and Saudi Arabia (KSA), suggests a continued interest in Bitcoin amidst the correction. What’s Behind Bitcoin’s Recent Dip? In early March 2025, Bitcoin experienced a notable decline, dropping below $90,000 in late February before stabilizing around $82,000. Reports from outlets like Yahoo Finance and CNN Business attribute this pullback to a mix of macroeconomic pressures and market dynamics. Uncertainty surrounding U.S. economic policies—particularly President Donald Trump’s proposed tariffs—triggered a broader sell-off across U.S. stock markets, with the Dow plunging nearly 900 points. This turbulence rippled into cryptocurrencies, shakin
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The State of Crypto in KSA: Trends and Opportunities in 2025

As Saudi Arabia strides toward its Vision 2030 goals, the Kingdom is emerging as a dynamic player in the global cryptocurrency landscape. In 2025, crypto adoption in KSA (Kingdom of Saudia Arabia) is gaining momentum, driven by rising trading volumes, hints of regulatory evolution, and a young, tech-savvy population eager to explore new financial frontiers. For BingX, this presents a golden opportunity to educate and empower Saudis with tools for wealth-building, such as asset management, copy trading, and secure trading options. Let’s dive into the trends shaping KSA’s crypto scene, reflect on what happened in 2024, and explore the opportunities ahead. Saudi Arabia’s crypto market is on an upward trajectory. According to Chainalysis, between July 2023 and June 2024, the Kingdom saw a 153% year-over-year growth in cryptocurrency activity, making it the fastest-growing crypto economy in the Middle East and North Africa (MENA) region. This follows a remarkable 195% surge in transaction v
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BingX Welcomes DeepLink Protocol to Launchpool, Offering 6,666,667 DLC Tokens for Staking

PANAMA CITY, March 12, 2025 – BingX, a global leading cryptocurrency exchange, introduced DeepLink Protocol($DLC) to its Launchpool, offering its users access to decentralized cloud gaming experience powered by AI and blockchain technology. The staking pools will open from March 14th for 4 days with a total allocation of 6,666,667 DLC tokens. This collaboration aims to accelerate the growth of the web3 gaming ecosystem by supporting the AI, DePIN and decentralized computing industry with cloud-based infrastructure. Designed for applications like cloud esports, AAA gaming, and remote gaming setups, DeepLink Protocol is transforming cloud gaming on any device by integrating AI Agents, DePIN, decentralized GPU computing, and ultra-low latency cloud rendering into a seamless ecosystem. Supporting 8K visuals and a 1-millisecond response time, it delivers a seamless experience for over 2.7 million users across 120 countries. Bringing DeepLink Protocol to BingX Launchpool enhances the platfor
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BingX Wins "The Best Crypto Exchange for Futures Trading" Again from Crypto.ru

BingX, leading global crypto exchange, proudly announces it was named “The Best Crypto Exchange for Futures Trading” title by a leading crypto media, Crypto.ru. This makes BingX winning this award for the second year in a row. This prestigious recognition from Crypto.ru highlights BingX’s commitment to providing an unparalleled trading experience for its users. With its cutting-edge technology, user-friendly interface, and competitive trading conditions, BingX has set itself apart from the competition. Why BingX Stands Out Several factors contribute to BingX’s continued success and recognition in the futures trading market: Innovative Trading Tools – BingX offers a comprehensive suite of advanced trading tools, including copy trading, real-time analytics, and automated strategies, making it an attractive platform for both beginners and professional traders. High Liquidity & Low Fees – Liquidity plays a crucial role in futures trading, and BingX ensures deep liquidity a
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AMA Recap: How Fireverse is Revolutionizing Music with Web3 and AI

Last night, BingX hosted an insightful AMA featuring Ray Yu (CMO of Fireverse), William Yang (COO of Fireverse), and Vivien Lin (CPO of BingX & Head of BingX Labs). The discussion centered around how Web3 and AI are transforming the music industry, giving artists more control, and creating new opportunities for listeners. The speakers kicked off by highlighting Web3’s game-changing potential in music, emphasizing decentralization, fair revenue distribution, and enhanced artist autonomy. Fireverse’s AI-powered tools were also a key focus, showcasing how they enable music creation, remixing, and collaboration in unprecedented ways. The team explained their approach to protecting artists’ rights through blockchain-based ownership and smart contracts, ensuring transparency and fair compensation. Challenges in the current music industry, such as streaming revenue inefficiencies and lack of creative control, were also discussed. Fireverse aims to eliminate middlemen, empower independent
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Why Dubai is the Crypto Hub of the Middle East

With its iconic skyline and status as a Middle Eastern business hub, Dubai has solidified its position as the region’s cryptocurrency epicenter. This rise aligns with the UAE’s Vision 2030, which aims to diversify its economy beyond oil, embrace technological innovation, and lead the global digital economy. This transformation is fueled by proactive policies, a business-friendly environment, and strategic investments. Dubai’s edge stems from its tax advantages—zero personal income tax and no capital gains tax on crypto profits. The city’s streamlined business setup processes, such as the one-day licensing offered by the Dubai Multi Commodities Centre (DMCC), have attracted over 600 crypto companies to its free zone by early 2025, per DMCC reports. Its geographic position as a bridge between East and West further enhances its appeal, facilitating a 78% surge in cross-border crypto transactions in the UAE in 2024, according to Chainalysis. A tangible symbol of this ambition is the &#8220
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BingX Continues to Boost Crypto Financial Education in Latin America

BingX, one of the leading global cryptocurrency exchanges, continues its mission to promote and empower crypto financial education worldwide. BingX understands the importance of fostering a greater understanding of decentralized technologies for as many people as possible, especially in emerging markets such as Latin America. This commitment to crypto-financial education led BingX to sponsor a Diploma in Financial Education: Specialization in Crypto Investments. The Evangelical University of El Salvador endorses it, and it will be taught by the renowned crypto expert Jaime Merino. The diploma course will take place from March 17 to 28 and will have virtual participation in addition to the in-person one that is already sold out. Cryptocurrencies can be complicated and risky for many people, which is why crypto financial education is essential. The Evangelical University of El Salvador diploma will aim to help its students master technical analysis, professionally manage risk, incorporat
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BingX Unveils New Futures Trading Page, Reinforcing Its Position Among Top 5 Derivatives Platforms

PANAMA CITY, February 19, 2025 – BingX, a global leading cryptocurrency exchange, has unveiled its new futures trading page. The update comes at a pivotal moment as the platform proudly stands among the world’s top five derivatives platforms in 2024, according to reliable reports from industry leaders CoinGecko and Coinglass. This distinction highlights not only BingX’s impressive trading volume but also its strategic brand evolution, alignment with the latest market trends, and continuous product and feature innovation. It further underscores the platform’s growing influence on the global crypto derivatives market, driven by a user-focused approach and its strong, adaptable capabilities. A standout feature of BingX’s futures trading is its ability to provide access to the latest and most popular coins, including trending meme tokens. By offering early market access to these in-demand assets, BingX has established itself as the go-to platform for traders looking
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BingX Labs Invests $100,000 in Fireverse to Fuel AI Music Innovation in Web3 Initiatives

PANAMA CITY, February 14, 2025 – BingX Labs, the innovation arm of cryptocurrency exchange BingX, announced a strategic $100,000 investment in Fireverse, a trailblazing AI-driven and blockchain-powered music creation platform. This collaboration aims to accelerate the growth of the Web3 ecosystem by revolutionizing the music industry through cutting-edge AI and blockchain solutions. By equipping artists and enthusiasts with transformative tools for music generation, monetization, and distribution, the partnership seeks to redefine creative ownership and foster decentralized collaboration. Fireverse is a next-generation Web3 music platform that leverages AI and blockchain to transform music creation, marketing, and monetization. It enables both professionals and amateurs to produce high-quality music effortlessly with AI-powered composition tools, gamified experiences, and blockchain-backed copyright protection. Through cooperation with Nobody, Fireverse obtained the intellectual proper
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BingX Labs Contributes $10M in StakeStone to Advance Omnichain Liquidity Solutions

PANAMA CITY, February 13, 2025 – BingX Labs, the innovation arm of cryptocurrency exchange BingX, has supplied $10 million to StakeStone, an omnichain liquidity infrastructure, to accelerate the development of omnichain liquidity staking and StakingFi applications. As a leading blockchain innovation incubator, BingX Labs conducted this strategic contribution aiming to support multi-chain expansion, liquidity optimization, and the adoption of staking technologies, enhancing blockchain financial services and improving capital efficiency across decentralized ecosystems. The demand for Liquidity Staking Derivatives (LSDs) has surged with users increasingly seeking flexible income solutions. At the same time, StakingFi is emerging as a key innovation in decentralized finance, enabling more efficient capital utilization. This new collaboration between BingX Labs and StakeStone will address these industry needs by optimizing liquidity infrastructure and pioneering new cross-chain asset protoc
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BingX Wins CryptoAwards 2024 for Best Cryptocurrency Exchange

BingX, the global leading cryptocurrency exchange, is proud to announce that it has been awarded the prestigious CryptoAwards 2024 for the category of “Best Cryptocurrency Exchange for Russian Users.” The official award ceremony took place in January 2025 in Moscow, bringing together top innovators and leaders in the blockchain and crypto space. This achievement underscores BingX’s unwavering commitment to user-centric innovation and leadership in the global crypto industry. Throughout 2024, BingX demonstrated remarkable growth, with trading volume increasing by 185% year-on-year and its global user base surpassing 20 million users. A key driver of this success has been localization—adapting our products, services, and communication strategies to better serve the specific needs of our diverse user communities, including the Russian market. The selection process for the CryptoAwards was both rigorous and comprehensive. It involved two stages. First, crypto community members from around
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BingX's 2024 in Vietnam: Strengthening Market Presence and Driving Innovation

PANAMA CITY, January 22, 2025 — BingX, the global leading cryptocurrency exchange, has marked a year of substantial growth and meaningful engagement in Vietnam. As part of its strategic initiative ExpansionX, BingX identified Vietnam as a key market for its global growth, underpinned by a strong commitment to the local crypto ecosystem and a focus on community engagement, education, and social responsibility. Pioneering Leadership in Vietnam BingX appointed Alex Nguyen as its spokesperson for Vietnam, leveraging his over 20 years of experience in finance, marketing, and blockchain to enhance its market presence. Known for his thought leadership, Alex has been instrumental in advancing BingX’s mission to connect with local users and promote blockchain adoption in the country. He played a key role in representing the platform at major events, including the Vietnam Crypto Market Report 2024 AMA and the Vietnam Tech Impact Summit (VTIS) 2024, where his keynote speech emphasized BingX
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