Cryptocurrency exchange BingX has launched a new product, Dual Investment, which has gathered over $1 million in user investments within two weeks. This tool provides users with the opportunity to earn income using simplified strategies, regardless of market fluctuations.
Overview of Dual Investment Product
Dual Investment is designed to offer users high-yield strategies that do not require active trading. The product is based on comparing the price movements of two cryptocurrencies and includes key parameters such as investment currency, settlement currency, annual percentage rate (APR), subscription amount, target price, and settlement time.
Investment Strategies and Terms
Users can choose from three investment durations: less than 7 days, between 7 and 30 days, or more than 30 days, each offering different annualized yields tailored to various trading strategies and risk appetites. Dual Investment provides two strategies: Buy Low and Sell High. Buy Low allows investors to accumulate crypto assets at a discounted price, while Sell High enables them to sell at higher price points. In both scenarios, users earn interest similar to premiums in traditional options markets.
New Features and Updates from BingX
BingX states that the product was developed to help users manage market volatility and explore hedging or arbitrage opportunities. The platform positions Dual Investment as a simpler and more flexible alternative to conventional derivatives trading, reinforcing BingX's broader mission to democratize access to advanced cryptocurrency investment tools. Additionally, BingX recently unveiled Copy Trading 2.0, an upgrade to its social trading feature for perpetual futures, enhancing precision and risk management.
The launch of the Dual Investment product illustrates BingX's commitment to expanding available tools for investors and strengthening its position in the cryptocurrency investment market.
