BingX has made an announcement on its portal that its TradFi business has recorded a 24-hour trading volume exceeding $1 billion. Thanks to the recent insane gold rally, the TradFi Gold accounted for more than $500 million.
Since the launch of its TradFi offering, which covers traditional financial assets such as commodities, forex, stocks, and indices, user participation on the platform has continued to increase.
TradFi copy trading has also seen growth, reaching a single-day peak trading volume of $51.84 million within 15 days.
Crossing $1B in 24h for TradFi, with gold alone making up half a billion, proves the massive demand for traditional assets within crypto-native platforms.
Bingx is bridging the gap between tradfi and crypto, and that gold volume is a game changer. It has also been making waves in the football arena by being the main partner of Chelsea FC and also in the racing field by being partner of Scuderia Ferrari HP.
BingX is currently powering a bunch of products and services like copy trading, futures and spot trading. Right now, it has more than 40 million users worldwide.
Want to know more about Copy Trading? See this copy trading video about eToro.