Dear Users,
BingX has always been committed to providing users with a premium trading experience. However, the frequent ultra short-term activities of some users consume a large amount of market liquidity (and even swipe a large number of trading commissions through violations), resulting in a significant increase in trading friction costs for users and a deterioration of the trading experience.
Therefore, in addition to maintaining a good trading experience, the platform will adjust the referral commission rules for Standard Futures (rules for Perpetual Futures are not affected) to restrain ultra short-term trading activities, reducing the impact on the overall trading environment, while encouraging steady trading performance.
The updated rules for the referral commission are as follows:
- Cancel referral commission for positions held for less than one minute. Positions held for less than one minute will not be counted as valid trading.
- Add another 2% referral commission for positions held for more than 5 minutes;
- Referral commission rules for positions held for 1 to 5 minutes are not affected;
- The above adjustment will come into effect from 2020-08-13 00:00 (UTC+8).
Risk Warning
Digital asset derivatives trading is highly leveraged and risky, and may result in partial or total loss of account funds. Before conducting contract trading, investors must ensure that they understand the nature and rules of contract trading, and decide whether to participate in contract trading based on their investment experience, goals, financial status, and ability to bear risks.
BingX Operation Team
2020-08-12