BingX Adds Multi-Asset Collateral For Crypto Perpetual Futures

Cryptocurrency exchange BingX has launched a Multi-Assets Mode for perpetual futures trading, allowing traders to use multiple cryptocurrencies as margin collateral, including Bitcoin, Ethereum, Tether and USD Coin.

The new feature marks a shift from traditional single-asset margin models by enabling users to cross-utilise different cryptocurrencies as collateral without first converting them to stablecoins. The system allows margin sharing across both USDT-M and USDC-M perpetual trading pairs.

Vivien Lin, Chief Product Officer at BingX said: "At BingX, we are always looking for ways to enhance the trading experience for our users. The introduction of Multi-Assets Mode is a significant step in improving both flexibility and efficiency in perpetual trading. This feature gives our users greater control over their funds, allowing them to trade across multiple trading pairs without the need to convert their assets. It's about giving traders more options and optimizing the resources they already have."

The development aims to improve capital efficiency by allowing traders to leverage their entire cryptocurrency portfolio as collateral without requiring asset conversion.

BingX, founded in 2018, serves over 10 million users globally with spot, derivatives and copy trading services. The exchange recently became a principal partner of Chelsea FC football club.