BingX, the leading cryptocurrency exchange, has announced the launch of BingX Labs to provide technical and strategic support to digital asset startups. This move comes during a period of growing optimism in the crypto market, marked by increased investment and participation from traditional financial institutions.
BingX Labs is dedicated to assisting emerging crypto projects beyond just financial investment. The division will offer a range of services, including technical guidance, strategic consulting, and market making support. The exchange is particularly interested in projects with strong user growth and effective marketing strategies, aligning with its goal of expanding its ecosystem through strategic partnerships and collaborations with other crypto platforms.
In addition to the introduction of BingX Labs, BingX has also unveiled a new feature called BingX Pre-Market Trading. This feature aims to enhance market efficiency by providing users with the opportunity to access coins at more favorable prices, improving price discovery and increasing liquidity.
A recent report has shown a significant increase in crypto startups in Asia and Africa in 2024. These regions have also seen advancements in regulations and new developments within the cryptocurrency sector. In other news, the South Korea Financial Services Commission has announced supervisory fees for crypto exchanges.
