BingX disclosed that the daily trade in traditional financial stock products within the platform had increased by more than 700 per cent over the past five days. The company attributed this change to the increased demand from users for single-account multi-asset transactions, i.e., the simultaneous trading of encrypted assets, equities, foreign exchange, indices and bulk commodities on the same platform.
Two-month cumulative disclosure
The company disclosed that over the past two months, the cumulative trade in the Platform ' s stock products had exceeded $2.7 billion, and that the stock was the cumulative trade in products over $8 billion. According to BingX, this indicates that it is expanding from a single encrypted trading platform to an entry point covering more asset classes.
It is mentioned that recent trading interests have been concentrated in several global hotspots, including those related to SpaceX, Weibo and Samsung. BingX also mentioned that some users were also focusing on product themes related to opportunities before OpenAI was listed.
The company claims that the users are biased over the market.
BingX spokesman Pablo Monti stated that the way users deal was changing and that a growing number of traders were no longer focusing on a single asset but wanted to enter multiple markets through one account. Companies believe that this has contributed to the recent trade-off of their traditional financial products.
This increase is more reflective of the changes in the operational structure of the Platform in terms of disclosure. By contrast with the model of providing only encrypted spot or derivatives, BingX is trying to strengthen the positioning of the “multi-assets trading platform” in order to increase user activity and stay.
Launch activities to increase participation in stock exchanges
At the same time as the increased volume of transactions was disclosed, BingX announced the launch of a $1 million stock exchange to attract more users to global stock market transactions. According to the company, the follow-up will also launch monthly activities around different market themes and continue to expand the use of multi-asset products.
BingX was established in 2018. According to the company, the global number of users now exceeds 4 million and has positioned itself as an encrypted exchange and web3-AI.
Additional information:This section is based primarily on corporate unilateral disclosures and does not provide third-party transaction data or independent validation results.