Bitmex and BingX are both cryptocurrency platforms, but they offer different services and features.
Bitmex is a cryptocurrency derivative trading company that was founded by Hayes, a former banker from Hong Kong. He became a millionaire through bitcoin arbitrage and then created BitMEX, an exchange for bitcoin derivative trading. Hayes is known for designing two systems, the Insurance Pool and the Double Price Mechanism, which have been adopted by other derivative trading exchanges. However, Bitmex’s customer service has been criticized and the company has fallen in popularity, with Bybit becoming the top derivative trading platform. Additionally, Bitmex does not support fiat currencies or spot trading, and is under investigation by the FBI. As a result, Bitmex has closed accounts for US customers and the company’s future is uncertain.
On the other hand, BingX is an international digital service financial institution with branch offices in North America, Canada, the EU, Hong Kong and Taiwan. BingX has also registered or obtained regulatory approval to operate in other countries where it provides its services or carries on any form of 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. BingX also has a referral program and a trading competition to attract customers. BingX also offers a copy trading feature, where users who do not have the luxury of time, or users who are new to crypto may want to choose their trader of choice and follow their trade(s).
In terms of services and features, Bitmex and BingX are quite different, and the best option will depend on the user’s needs and preferences. It is recommended that you research both platforms thoroughly and consult with financial advisors before making any investment decisions.