Dear BingX users:

To provide you with better service and copy trading experience, BingX will upgrade the Copy Trading function in early August. Please keep an eye on the following upgrade！

 

Update notice of App v2.36.0 & Web v2.19. Details as follow：

Updated Section 1: Data update on the trader page

 

Update 1:

The scope of statistics of  the trader's data has changed from the USDT assets of the entire BingX account to only the USDT assets of the standard contract account.

Note: To enable the entrance of becoming a trader you need a deposit ≥ 50 USDT (need to be credited to the standard contract account in advance)

 

Pros after the update:

By avoiding the trader's profit rate from being affected by deposits/withdrawals or other trading activities, the statistics will become more precise.



Update 2:

1) Changes to trader's indicator data: (Please refer to the attached table for the specific calculation rules)

  • Copy Traders’ Account Assets, Cumulative PnL, Cumulative Earnings of Followers, and the current Number of Followers will be displayed.
  • Calculation update on Max. Drawdown.
  • 3w Win Rate, Trade Days, and the cumulative number of Followers will be removed.

 

2) Changes to copy trader's Trade History:

  • Margin, Number of Followers, Earning of Followers will be added.
  • Order Type will be removed.

 

3) Changes to the data of followers

  • Algorithm updates on  "Changes in the followers in the past 7 days".

 

4）Profit Trend Charts Added

    • Profit Rate Chart added: Time-weighted calculation based, different from the calculation of Profit Rate displayed at Trader’s Homepage. (The Profit Rate displayed at Copy Trader’s Homepage will also apply the time-weighted calculation method in the future. )
    • Cumulative PnL Chart added
    • Account Assets Chart added

Pros after the update: To show more trading information reasonably can reveal the true level of traders.



Update 3:

1) Account assets and its change curve, accumulated profit and loss and its change curve, accumulated profit by following, and order principal. If not available it will be displayed as "******",If the cumulative profit rate is larger than 10000%, it will be displayed as 10000+%, and if less than -100%, displayed as -100%.

2) Historical traders will be closed by default. If you need to open it you will get a priority to be recommended. Please go to Share Trading - Settings in the upper right corner to set it up manually (recommended).



Pros after the update：Traders can enable "Community Priority Recommendation" in Setting to get priority to be recommended in the community. At the same time, the following data will be disclosed to allow community users to have a more complete understanding of the true level of traders.

 

Attachment:

Terms

Definition

Account assets

USDT assets of standard contract accounts. Renewed every 30 minutes.

Cumulative profit rate

Cumulative Profit Rate = (Net Assets of Account + Withdrawal - Deposit - Non-Contract Assets Changes)/Deposit. Profit rate will change due to changes in unrealized PnL of positions. Data is updated every 30 minutes.

Cumulative profit and loss

The sum of the daily profit and loss during the statistical period, which is the net profit and loss excluding handling fees, funding rates and bonus profits. The data is updated every 30 minutes.

Maximum drawdown

The maximum observed loss from a peak to a trough in a specific period of time in the Standard Contract account.  The data is updated every 30 minutes.

Cumulative profit by following

The cumulative profit by following obtained by all followers of the trader. The data is updated every 30 minutes.

Followers

The number of people who are following this trader. The data is updated every 30 minutes.

Changes in the past 7 days

Change in the number of followers in the last 7 days = Current number of followers - Number of followers 7 days ago




Update Section 2: Changes to traders list

 

Update 1, 

The trader list only displays traders who meet the following conditions:

Account assets > 50 USDT

Cumulative profit rate >  0%

Trading days > 10 days

Active trading within 14 days

30D Profit Rate >-30%

 

 Pros after the update: Optimized data dimensions help to filter out better-quality traders

 

Update 2, 

Added filtering and sorting functions, users can filter based on the list data.

Pros after the update: Users can search for traders to follow more easily

 

Update 3,

The "Search" function searches based on all traders.

Pros after the update: Users can search for traders to follow more easily

 

Tips:

To use the new version, an App version ≥ 2.36.0 or Web version ≥ 2.19 is required. Please update to the latest version to use. 

 

Download APP

iOS

Android

 

BingX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

 

Risk Warning:

Trading digital assets and their derivatives is highly leveraged and risky and may result in partial or total loss of account funds. Before conducting spot/contract trading, investors must ensure that they understand the nature and rules of spot/contract trading, and decide whether to participate in spot/contract trading based on their investment experience, goals, financial status, and ability to bear risks.

BingX Operation Team

2021/07/24