The exchange commenced operations in 2018, with little information available about the founders and management. It is registered in the British Virgin Islands. In addition to the headquarters in Singapore, it has offices in the USA, Canada, Australia, Hong Kong, Taiwan, and Lithuania.
The exchange's reserves were verified by the independent auditor Mazars; they significantly exceed client assets.
Exchange clients have access to derivative trading, copy trading, and trading bots for algorithmic deals.
There are many educational materials available, including a handy Cryptopedia with explanations of crypto-related terms. On the occasion of the 5th anniversary, they offer promotions and bonuses for clients.
In March 2023, the company raised $10 million for the development of the copy trading system through BingX Fund. The company has announced its intention to develop a first-class ecosystem in this service segment. It also disclosed plans to expand the number of partners among professional traders.
