Comparison between Bitmex and BingX
Bitmex and BingX are two distinct cryptocurrency platforms, each offering a unique set of services and features.
Bitmex is a cryptocurrency derivative trading platform founded by Hayes, a former bank employee in Hong Kong. He became a millionaire through bitcoin arbitrage and created BitMEX. The platform introduced two systems, the Insurance Pool and the Double Price Mechanism, which became widely adopted by other derivative trading exchanges. However, due to poor customer service and lack of support, Bitmex has fallen in rank and is now the No.11 derivative trading platform, with Bybit taking its place as the market leader. Bitmex also faces legal issues as it is under investigation by the FBI and is not currently allowed to target US customers. Despite its past success, it seems that Bitmex's future is uncertain unless significant changes are made to its company culture and development strategy.
On the other hand, BingX is an international digital financial service institution with branch offices in North America, Canada, the EU, Hong Kong, and Taiwan. They have also registered or obtained regulatory approval to operate in other countries where they provide services or conduct business. BingX focuses on providing users with financial services such as lending, borrowing, and staking, as well as allowing users to buy and sell cryptocurrencies. They also have a referral program, a trading competition, and a copy trading feature that allows users to follow the trades of expert traders.
In terms of services and features, Bitmex and BingX offer different options, and the best platform for you will depend on your specific needs and preferences. It is recommended to research both platforms thoroughly and consult with financial advisors before making any investment decisions.