Announcement: BingX Introduces Pre-Launch Futures for Innovative Crypto Trading
Last week, BingX announced the exciting launch of its Pre-Launch Futures. This innovative feature allows BingX users to trade futures on new tokens, enabling them to predict and speculate on future values before the tokens are officially listed. This feature empowers traders to secure potential profits ahead of the broader market by offering early access and leverage. It is a significant step forward in helping BingX users stay ahead of the curve and maximize their crypto investments.
Our mission at BingX is to provide a secure and user-first platform that continually innovates to meet the evolving needs of our users. Introducing Pre-Launch Futures aligns with our vision of building a gateway for the next billion crypto users. This new feature exemplifies our commitment to offering diverse and advanced trading tools that elevate our users’ trading proficiency.
Pre-Launch Futures on BingX allow users to participate in and capitalize on new digital assets earlier, prior to their official token listings. Pre-Launch Futures also offer superior liquidity and flexibility compared to Pre-Market Spot Trading. Unlike Pre-Market Spot trading, which involves OTC trading, freezing of funds, and limiting liquidity, Pre-Launch Futures allow for more efficient use of capital.
BingX’s commitment to innovation, security, and transparency remains steadfast. Verified by global authoritative organizations and with a PoR certification, BingX ensures 100% user asset protection. Partnering with top cybersecurity firms, BingX continues to uphold its user-first, reliable, innovative, and diversified values.
Full press details can be found here.
Bitcoin Stuck in a Narrow Trading Rage
Bitcoin has now fallen below the 200-day moving average, which sometimes signals the start of a bearish trend. As investors test this week’s trading corridor, Bitcoin moves within a narrow range. After reaching an all-time high in March, traders are just now eyeing a $65,000 resistance point. Resilient U.S. job and inflation data, along with steady spot Bitcoin ETF inflows, have propelled Bitcoin above $60,000. It gained 4% between Aug. 21 and Aug. 22, and despite losing some momentum, it has maintained the $60,000 support level. Analysts suggest a break above $62,000 is needed to confirm a bullish trend.
Despite the volatility experienced the past month, Bitcoin remains within the $60,000 range, with occasional surges to $70,000 before pulling back. Some experts are drawing a correlation to the 2020 cycle, where Bitcoin hovered around $9,000 from June 2019 to September 2020. Even during the COVID-19 crash, when Bitcoin quickly dropped to $4,000, it quickly rebounded to $9,000. Global gold ETFs hold $246.2 billion in assets, while spot Bitcoin instruments, including ETFs and ETNs, total $66.6 billion, according to CoinShares. Despite Bitcoin’s unique properties, such as censorship resistance and a fixed monetary policy, it still has work to do to solidify its presence in traditional financial markets. The current support level is at $60,000, with resistance at $62,500.
Article Highlight
I was able to cover one of the most buzzed-about topics of the year with Economy Middle East: Ethereum ETF: Will other cryptos join the bandwagon? The approval of Ethereum ETFs brings more legitimacy to cryptos; check out the full details here.
BingX was voted number one in Be In Crypto’s Top Most Safe Crypto Exchanges article! The prestigious outlet highlighted our withdrawal protection, insurance coverage, and fund safety. Check out the full story here.
About Me
I’m very excited to share my interview with Cointelegraph. From social trading to comprehensive educational resources, BingX aims to make crypto trading accessible and secure for everyone. Read more about that here.
Check out the exclusive Coingape interview and gain insights into the strategic partnerships driving BingX’s growth and impact in the crypto space.
Check out my commentary on the impacts of the Bitcoin halving with Coinpost here.
Interview with Yurufuwa at TOKEN2049.
I had a fantastic chat with WU Blockchain about BRC20, BingX’s strategy in 2024, and my professional background. Check out the article linked here!
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