SINGAPORE, Sept. 7, 2023 /PRNewswire/ -- BingX, one of the world's leading cryptocurrency exchanges, continues to work on improving the cryptocurrency trading experience by updating its Price Guarantee feature, ensuring Zero Slippage in Perpetual Futures. This innovative feature will cover all 166 trading pairs available on BingX Perpetual Futures, including the popular BTC/USDT and ETH/USDT, among others.
Slippage in perpetual futures refers to the difference between the expected price at which a trade is made and the actual price at which that trade occurs. It generally happens when there is low market liquidity or when there is high volatility. There may be fewer participants in the market to take the other side of a trade, so more time is required between placing the order and executing it after a buyer or seller has been found.
Price Guarantee allows BingX users to execute their trades precisely at the predetermined price without worrying about market fluctuations. By choosing this function when creating a "Trigger Order" or a "Stop-Loss Order", BingX users can ensure that their positions are executed without slippage, with BingX assuming the associated risks. BingX's Guaranteed Price feature has a fee based on the actual trading volume upon successful order execution.
Megan Nyvold, Head of Branding at BingX, said: "With the introduction of our enhanced Price Guarantee feature, we are putting the power of accurate trading in the hands of our users. BingX's dedication to innovation and solutions focused on user stand out as we continue to push the boundaries of what is possible in the cryptocurrency trading space."
BingX is committed to increasingly improving user experiences. With these revolutionary features, BingX is at the forefront of providing a secure and efficient trading environment, solidifying its dedication to driving innovation in the cryptocurrency trading environment.
About BingX
BingX is one of the leading cryptocurrency exchanges offering spot trading, derivatives, copy trading and grid trading services; to more than 100 countries and regions around the world, with more than 5 million users. BingX continues to connect users with expert traders and the platform in a secure and innovative way.
Visit BingX at www.bingx.com/es-es/
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