Dear BingX users,

To provide quality service and improve users' Copy Trading experience, BingX will upgrade its Copy Trading function along with the launch of upcoming APPs newer than v2.40.0 in mid-September. Please stay tuned for the update. Looking forward to this can bring you a better trading experience!

 

Update Details

Update 1: 

The original "Profile" section is upgraded to copy traders’ Homepage.

  • Up to 1,000 words of introduction allowed ( 100 words originally);
  • Multilingual translation of copy traders' profile supported;
  • It's not allowed to explicitly or implicitly disclose social accounts and express or imply any pornographic or reactionary information on the platform's personal profile, avatar, and other information display places.

Update 2: 

Conditions for Sharing Trading as a Copy Trader will be changed to:

  • Setting of copy traders' Homepage ( "Profile" section before upgrade), region and nickname required;
  • Balance of the Standard Contract Account must be ≥ 50 USDT;
  • KYC verification required.

Update 3: 

There will be a standardized leverage limit for copy traders. When the leverage limit is exceeded, followers will not copy the traders' orders. The previous tired leverage limit rule based on copy traders' number of followers will be canceled.

  • The maximum leverage for BTC and ETH is 20x;
  • The maximum leverage of other cryptocurrencies other than BTC and ETH is 10x;
  • The maximum leverage for non-crypto currency markets is 20x.

Update 4:

Raise the Amount Limit of each copying trading group’s margin, and remove the previous 75 times margin limit.

  • The copy trader's trading volume will not be limited by the previous multiple times margin limit which will further reduce the restriction on Copy Trading.

Update 5:

Changes in the "Manage Copy Trades" function.

  • Remove "Cumulative Margin" & "Total Amount" statistics to avoid any misunderstanding.
  • Statistics of Copy Trading earnings: Trading fees, PnL of positions will be included in the statistics of the "Cumulative Revenue" of copy trades.

 

Notes: To use the new functions, an App version ≥ 2.40.0 is required. Please update to the latest version to get access to them.

 

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

09/16/2021