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  • Binance VS BingX Trading Fees Comparison
    Cryptocurrency trading operates on exchanges, similar to stock exchanges. Many exchanges use a tiered fee structure based on a percentage of the user's 30-day trading volume. It is important to understand the fees associated with trading cryptocurrency in order to create profit-maximizing strategies.   Cryptocurrency exchange fees can vary significantly depending on the exchange you use....
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  • Trading Fees Explained: BingX VS Kraken
    Cryptocurrency trading is similar to trading on a stock exchange, but is only available on cryptocurrency exchanges. Many of these exchanges use a tiered fee structure based on the user's 30-day trading volume. To maximize profits, it is important to understand and compare the fees associated with different exchanges.   Cryptocurrency exchange fees can vary greatly from one platform to...
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  • BingX Donates NT$3 million to Assist in Taiwan Earthquake Relief Efforts
    On 20 September 2022, BingX, the leading social trading crypto exchange, announced a donation of NT$3 million to assist in the September earthquake relief efforts in Taiwan.   A 6.8 magnitude earthquake at a depth of 7km hit the South-eastern part of Taitung and Hualien, with aftershocks felt across the whole of Taiwan and disasters reported in the Huadong area.   The earthquake...
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  • BingX Secures Compliance Licenses in the United States and Canada to Further Improve the Global Security System
    As of 9 February 2022, BingX, the world’s leading social trading platform, is proud to announce that it has received official approval in the United States and Canada to become one of the few Money Services Business (MSB) exchanges under regulatory control.   BingX has also taken initial steps to form a compliant and secure crypto asset system. A series of regulatory approvals mark...
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  • BingX Completes Audit Report with CertiK to Enhance User and Asset Security
    As of 20 May 2022, BingX is proud to announce the completion of its audit report with CertiK to ensure the safety of investors and the security of their digital assets.   As the world’s leading social trading platform, security of identity and digital assets are the top priorities BingX focuses on to boost investor confidence.   A leader in blockchain security, CertiK has worked...
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  • BingX Launches Signal Trading and Stays Ahead in Crypto Innovation
    BingX, one of the leading crypto exchanges, is excited to introduce Signal Trading, another advanced futures trading tool. It takes BingX one step closer to its mission – being an open, reliable, and innovative crypto ecosystem.   Signal trading is an advanced feature that carries out automatic execution of complicated perpetual futures trading strategies based on triggering signals...
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  • Mazars Group cut ties with Larger Crypto exchanges after releasing Proof Of Reserves for other Crypto Exchange

    A week ago, top copy trading crypto exchange, BingX released Proof of Reserves after an audit done by Mazars Group.

    Proof of reserves is a way for a company or organization to prove that it holds a certain amount of assets or financial instruments, such as cash, securities, or cryptocurrency, in reserve. This is often done to demonstrate financial stability, transparency, and accountability to customers, stakeholders, or regulators.

    There are various ways to provide proof of reserves. A company may publicly disclose its financial statements, which are audited by an independent third party and include details about the company's assets and liabilities. The audited company may also provide proof of reserves by allowing an independent auditor to verify the existence and ownership of its assets.

    In the context of cryptocurrency, proof of reserves is a way for a cryptocurrency exchange or wallet provider to prove that it holds the amount of cryptocurrency that it claims to hold. This is important because it ensures that customers can trust that the exchange or wallet provider has sufficient funds to meet customer withdrawals and other financial obligations.

    Binance's Spokeperson told CNBC ,“Mazars has indicated that they will temporarily pause their work with all of their crypto clients globally, which include Crypto.com, KuCoin, and Binance.”

    After news broke, crypto exchanges , Crypto.com and Kucoin added that Mazars Group had already delivered the Proof of Reserves.


    Mazars Group cut ties with Larger Crypto exchanges after releasing Proof Of Reserves for other Crypto Exchange A week ago, top copy trading crypto exchange, BingX released Proof of Reserves after an audit done by Mazars Group. Proof of reserves is a way for a company or organization to prove that it holds a certain amount of assets or financial instruments, such as cash, securities, or cryptocurrency, in reserve. This is often done to demonstrate financial stability, transparency, and accountability to customers, stakeholders, or regulators. There are various ways to provide proof of reserves. A company may publicly disclose its financial statements, which are audited by an independent third party and include details about the company's assets and liabilities. The audited company may also provide proof of reserves by allowing an independent auditor to verify the existence and ownership of its assets. In the context of cryptocurrency, proof of reserves is a way for a cryptocurrency exchange or wallet provider to prove that it holds the amount of cryptocurrency that it claims to hold. This is important because it ensures that customers can trust that the exchange or wallet provider has sufficient funds to meet customer withdrawals and other financial obligations. Binance's Spokeperson told CNBC ,“Mazars has indicated that they will temporarily pause their work with all of their crypto clients globally, which include Crypto.com, KuCoin, and Binance.” After news broke, crypto exchanges , Crypto.com and Kucoin added that Mazars Group had already delivered the Proof of Reserves.
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