BingX has added access to over 300 new spot trading pairs and the number is expected to grow this quarter and next.
BingX has announced that its users will be able to freely access WOO Network’s institutional liquidity solution, Wootrade, to benefit from deep liquidity pools across major pairs.
The partnership will enable the Wootrade network to act as a key liquidity support for BingX traders, who can easily “log in” to the network and access a rapidly growing list of assets with a maximum daily trading volume of more than $600 million.
Ran Yi, Head of Ecosystem Development at WOO Network, said, “WOO Network is excited to explore the possibility of providing liquidity to BingX, a platform that plays a very innovative role in introducing commerce of crypto-assets on the world stage. BingX’s focus on compliance and security makes it an ideal partner to expand into new markets and bring more volume to our network.”
Elvisco Carrington, Director of Global Communications at BingX, commented: “Recently we have added several coins to our platform which we are happy to say has resulted in an increase in our average daily trading volume. That being said, it is critical that liquidity becomes a frontrunner at this point. BingX works continuously to create a trading environment that minimizes market volatility as much as possible. By partnering with Woo Network, we believe we are better able to achieve this goal.
Greater liquidity on BingX should boost investor confidence and improve the overall trading experience along with an increase in order books for investors. This means greater market transparency and better price execution, thereby reducing the cost of trading.
BingX has added access to over 300 new spot trading pairs and the number is expected to grow this quarter and next. The partnership with Woo Network is expected to expand to further develop a more satisfying shopping paradise that generates profitability and provides more value to users.
The crypto exchange recently updated its Copy Trading solution to provide more flexibility to users with the launch of a Spot Grid feature, which combines the benefits of Grid trading with those of Copy trading, using spot trading strategies. professional traders to earn money from crypto asset volatility.
Grid trading is similar to providing liquidity on DEX AMMs, as it sets incremental buy and sell orders within a set price range. As long as the price is oscillating within the band, users can reliably profit from these fluctuations.
Strategies are created by professional traders subject to strict selection by BingX. Up to 8% of subscriber profits will be donated to the strategy creator, incentivizing them to be as effective and efficient as possible. Users have several strategies to choose from, which can be evaluated based on investment amounts, past returns, projected annualized returns, and many more.
For new crypto users, Spot Grid Copy Trading is particularly valuable because it is easy to set up. Consistent income can be incredibly valuable, especially in a stable market like early 2022.
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BingX Leverages WOO Network’s Institutional Liquidity Solution For Over 300 Crypto Point Pairs
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