BingX Integrates Crypto Trading Bots
The Singapore-based BingX exchange has announced its collaboration with WunderTrading, aimed at enhancing automated trading. This strategic partnership stems from the notable demand and interest from BingX users in copy trading features.
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On September 27, BingX CEO Josh Lu officially announced the integration of automated trading bots into the platform. The strategic partnership with WunderTrading, a prominent cloud platform specializing in crypto trading and known for its reputable copy trading services in the American market, is set to provide users with enhanced features. In addition, BingX will provide various bot configurations and a solution for transforming TradingView scripts into automated applications.
For a more comprehensive understanding of the pros and cons of WunderTrading, you can refer to our detailed review here.
BingX USA users will have the opportunity to mimic the trades of successful traders by setting up automatic order following.
BingX СЕО believes that this feature will help beginners diversify their portfolios and counteract the challenges posed by the high volatility of the cryptocurrency market.
Megan Nyvold, the Head of Branding at BingX, expressed:
Our partnership with WunderTrading is a significant step forward. With this integration, we empower our users to trade smarter, diversify their portfolios, and navigate the crypto market with newfound confidence.
The BingX exchange was established in 2018. It supports around 600 trading pairs in the spot, futures, and P2P markets.
In 2022, BingX received official approval to operate in the USA and Canada as a regulated financial services provider and has also secured the necessary licenses and certifications to adhere to local regulatory standards.
The platform is highly popular among American users due to its policy of not requiring retail clients to undergo a Know Your Customer (KYC) procedure. For unverified users, the only restriction is that withdrawals must not exceed $50,000 per day, a limit more than sufficient for beginner traders.
Josh Lu expects that the launch of trading bots on BingX will significantly boost the number of clients.
Integrating fiat currency pairs could be the next logical progression for BingX.
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