BingX is the first to launch a USDT insurance feature for copy trading
Users that trade on BingX platform can now activate new subsidy vouchers that protect them from potential losses.
Following the rise of Cryptocurrency in recent years, BingX was the first crypto platform to launch copy trading services for crypto traders. Copy trading is a form of trading product that allow low cap investors to follow experienced traders in their trade orders. This allows more investors to enter crypto with lesser risk. However, BingX constantly reminds users that despite following top traders, it is still wise to carry out your own research before following any traders.
To further minimise risk for users, BingX has launched a safety net feature. Subsidy vouchers are issued to users who started copy trading on BingX platform. These vouchers allow users to mitigate losses and trade with lesser risks. The voucher works for popular trading pairs BTC/USDT, ETH/USDT , SHIB/USDT , CHZ/USDT.
How does copy trading work?
Copy trading is the act of repeating a principal trader’s order. When a trader opens a position, this information will be broadcasted to other traders via a platform. Other traders can follow the position that was opened. The principal trader then gets a commission through the broadcasting of their trades.
Find out more if you are a beginner trader in Crypto.
Elvisco Carrington, PR and Communications Director , BingX: “Copy trading is our unique product offering and we are always looking to improve beginners’ trading experience. With the introduction of copy trade subsidy vouchers, new users can easily try out trading strategies without incurring losses. By pioneering new products that directly benefit traders, BingX can maintain its record for innovation.”
Features of BingX
BingX through the years, has maintained their dedication to their motto - Trading Made Easy. All the platforms' innovations and products have always been targeted for convenience and ease of trading. BingX also offers FOREX, indices and commodities. These instruments of trade are essential for all traders regardless of experience.
BingX is a trading exchange widely used in Asia that provides a safe, secure, and fast trading derivatives platform. Founded in 2018, BingX is a crypto copy trading exchange that offers spot, derivatives, and copy trading services to more than 100 countries worldwide with over 3 million users. BingX connects users with expert traders and the platform in a safe, simple, and transparent way. Having gained regulatory licenses in Canada, the USA, Lithuania, and Australia and recently being given the best rating by CertiK for asset and trading security, BingX is giving back to the community.