This new endeavor by BingX seeks to address a broad spectrum of users’ asset management needs, enhancing their platform’s user experience and diversifying strategies.
The BingX Wealth zone is a novel addition to the BingX family, presenting a holistic asset management solution. The service is explicitly designed to make idle assets more productive for its users, the company said.
Currently, BingX Wealth offers options that guarantee the principal deposit while providing a competitive Annual Percentage Yield (APY). This encompasses major asset classes such as BTC, ETH, and USDT.
In its quest to cater to a diverse user base, BingX Wealth has presented two unique earning categories for its guaranteed principal deposit scheme: Flexible and Fixed-Term. Fixed-Term deposits come with both 30-day and 90-day options, designed specifically for users who prioritize steady returns via a competitive APY over trading.
Notably, the longer the term, the higher the interest rate. On the other hand, the Flexible term empowers users to leverage their idle assets fully, granting them the autonomy to subscribe and redeem as they see fit. These offerings resonate with the varied asset management preferences of BingX users.
A significant perk is the elimination of transaction fees when users subscribe or redeem, ensuring maximized earnings.
Megan Nyvold, BingX’s Head of Branding, said:
BingX Wealth represents the pinnacle of personalized asset management. We are ecstatic about offering our users a novel way to diversify their strategies. With a commitment to delivering top-tier APY rates and unmatched flexibility, BingX Wealth positions itself as a trusted ally in the realm of crypto asset management.
While this product signifies a monumental step, BingX views this as merely the onset of its expedition towards superior crypto asset management. The firm is resolute in its commitment to continually innovate and furnish cutting-edge solutions that cater to the dynamic demands of its users.