BingX has quickly gained a reputation as a robust mid-tier cryptocurrency exchange that uniquely combines various trading functionalities, including spot trading, futures, and copy trading, all within a single integrated platform.
Summary
BingX has rapidly developed into one of the most utilized global exchanges in the crypto sphere, although it remains relatively underappreciated in comparison to industry giants like Binance.
After evaluating its features, I discovered a lot of strengths and some limitations. This review aims to offer insights about BingX’s overall user experience, costs, security, and market positioning relative to its main competitors.
Key Highlights:
- BingX offers a diverse range of trading products including spot, futures, and various earning tools.
- The standout feature, copy trading, appeals greatly to beginners and more passive investors.
- Competitive futures trading fees alongside strong liquidity.
- The platform lacks significant regulatory scrutiny, affecting its availability in certain regions.
Company Overview
Founded in 2018 by Josh Lu, BingX has attracted a user base of over 20 million worldwide. Recently, it expanded its services to include derivatives, social trading features, and tools for both novice and experienced traders. In 2024, BingX increased its visibility through a partnership with Chelsea FC, a prominent football club.
Earlier in 2025, the company pledged $300 million toward the development of AI-based trading tools, indicating its commitment to remaining at the forefront of technology in the crypto market.
Supported Markets
BingX provides users with access to hundreds of cryptocurrencies, including popular options like BTC, ETH, and XRP.
The exchange’s futures trading system is frequently cited as a primary strength, supporting a wide variety of contracts with competitive leverage options.
Platform Features
BingX’s structure reflects a balance of accessible tools for beginners while still providing robust features for seasoned traders. It utilizes advanced functionalities such as:
- Copy Trading & Social Trading: Enabling users to replicate trades from more experienced traders.
- Grid Trading Bots: Facilitating automated trading strategies without requiring coding knowledge.
- Dual Investment Products: Designed for earning yields based on set contracts and market price movements.
Fees
BingX remains competitive in terms of trading fees, offering a straightforward fee structure for spot and futures trades.
Security & Compliance
BingX places a premium on security, adopting leading industry measures. However, it does operate outside of the regulatory frameworks of the UK, USA, and Canada.
Conclusion
After extensive testing, BingX impresses as a user-friendly and feature-packed cryptocurrency exchange, suitable for those looking to engage with an easy-to-use platform, even with consideration for its regulatory limitations.
