BingX, a leading cryptocurrency exchange established in 2018, has unveiled ChainSpot, a new CeDeFi (Centralized Decentralized Finance) innovation designed to simplify and secure on-chain trading for its over 20 million users worldwide. The launch coincides with BingX’s 7th-anniversary celebration. With this move, BingX has established itself as one of the first global and influential exchanges to launch this kind of hybrid product.
ChainSpot: Redefining DeFi Access
ChainSpot is passionate about helping you across the divide from centralized to decentralized finance. It gives users a less intimidating and safer overall experience as they dip their toe into on-chain trading. BingX’s leading centralized infrastructure safeguards the platform from threats. It combines with security practices like two-factor authentication and cold wallet storage to protect user assets. ChainSpot has a vision to make DeFi more accessible for everyone. We’re bringing simple, intuitive, secure on-chain trading to the metaverse.
Over the past seven years, BingX has grown by staying close to our users. ChainSpot is a direct result of listening to their desire for more flexible, decentralized opportunities — without losing the security and convenience of our platform. Our goal with ChainSpot is to redefine what access to DeFi looks like, making it simple, intuitive, and protected. This isn't just another feature — it's part of a broader vision to shape a financial future where innovation meets inclusivity, and where security coexists with freedom. - Vivien Lin, Chief Product Officer of BingX
BingX: A CeDeFi Enabler
As a CeDeFi enabler, BingX is committed to providing cutting-edge solutions to its users. They take the best elements of both centralized and decentralized finance—all in an intuitive user experience. ChainSpot is an example of our dedication to accessibility. With a native, user-friendly interface and built-in security measures, Neon’s technology brings down barriers and makes on-chain trading accessible to all. Earlier this year, in 2024, BingX became the official crypto exchange partner of Chelsea Football Club. This strategic move continues to establish BingX as a major player in the global cryptocurrency industry.
Seven Years of Growth and Innovation
BingX has impressively developed over these past seven years. With the above in mind, it has put users’ needs first, and quickly adopted to the fast-paced and constantly growing cryptocurrency market. The launch of ChainSpot embodies this user-first philosophy, meeting the increasing desire for more flexible and decentralized investment options. ChainSpot’s goal is to bring you safe, easy, and intuitive on-chain trading.
