0 Fees on Spot Grid: Arbitrage More and Make Bigger Profits

Dear Users,

In order to thank you all for your continued support,

Spot Grid trading pairs will all have "0 fees". Arbitrage with higher frequency and make bigger profits!

New users get to enjoy extra "$88 subsidy on the first order". Keep all the profits and we'll cover your losses. Let us guard your first Spot Grid order!

1. All User Reward: 0 Fees on Spot Grid Trading

Subsequent to 0 trading fees on BingX Spot, the Spot Grid now launches 0 fees as well.

Run Spot Grids at 0 fees and enjoy bigger profits!

📖Note:

The rules for the 0 fees on Spot Grid are the same as those for Spot trading.

The trading fees will be returned to the Fund Account of eligible users monthly (trading fees of the current month will be credited next month). For more information please check the announcement Enjoy "0 fees" on BingX Spot Trading and Take More Profits!

2. New User Exclusive: $88 Subsidy on Your First Spot Grid Order

>Sign Up to Receive<

⏰Deadline: 2022-10-16 00:00 (UTC+8)

✅ Event Eligibility:

1. Sign up for the event on the event page.

2. Only new Spot Grid investors are eligible, i. e., users who have never conducted Spot Grid trading before.

📖 Subsidy Details:

1. After signing up for the event, if your first Spot Grid order incurs a loss during the event period, it will be subsidized up to a maximum of $88.

2. Said Spot Grid order, should be held for no more than 7 days. Orders not closed within 7 days are not eligible for subsidy.

3. This event is limited to autonomous Spot Grid trading only. Spot Grid Copy Trading falls outside the remit of this event.

4. Subsidies for eligible users will be issued within 5 working days after the event has concluded.

🤔️ What Are the Advantages of Running Spot Grids at 0 Fees?

Grid Trading is a type of quantitative trading strategy. After initiating the grid, the bot will automatically buy low and sell high, 24 hours a day, 7 days a week.

The profit per grid is the difference between the buying and selling price minus the trading fees. Offering 0 trading fees enables users to run more grids without any charge and increase profits. For Spot Grid trading enthusiasts, being able to run denser grids at a higher frequency is a great perk.

Example Scenario:

Taking the simplified model of the Spot Grid of ETH/USDT as an example, the target profit per grid is 2%. Suppose you have invested 500 USDT in a total of 5 grids, and have completed 1,000 arbitrages:

The final profit before introducing the trading fee exemption would be 9,790 USDT (Total 10,000 USDT, fees 210 USDT)
The final profit after waiving the trading fees will be 10,000 USDT (Total 10,000 USDT, fees will be collected and then returned at a later date)

*The trading fee in the above scenario is based on the 0.05% maker fee, which is for reference purposes only.

📖Note:

1. BingX will verify each user's eligibility, disqualify anyone involved in unfair activities such as wash trades, price manipulation, multiple accounts, and self-dealings from the trading fee exemption, and retrieve the exempted trading fees.

2. BingX reserves the right to the final interpretation of the event. Users involved in unfair activities to get subsidies will be disqualified.

BingX Operation Team

2022-09-21

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Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material is for reference only and should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.

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