BingX, a major global cryptocurrency exchange founded in 2018, has launched ChainSpot, its new CeDeFi feature. ChainSpot allows BingX users to access decentralized tokens directly from their exchange accounts without using external wallets or complicated on-chain steps.
Marking its seventh anniversary, BingX becomes one of the earliest big exchanges to introduce this hybrid finance product. This launch represents a major step in BingX’s journey to combine centralized and decentralized finance into one seamless experience.
With the slogan “One Tap, All Chains,” ChainSpot offers users an easy method to trade and explore on-chain assets. It combines the reliability of BingX’s centralized system with the openness and innovation provided by decentralized finance protocols.
The core theme of ChainSpot is to make trading on-chain easier and safer for all levels of crypto traders. It offers several significant advantages, such as enhanced security, broadened availability of new tokens, and more effective asset discovery.
BingX ChainSpot revolutionizes Crypto access
However, BingX users are now able to trade decentralized assets with the security of two-factor authentication and cold wallet storage. External wallets no longer need to be set up, nor do they need to use bridges. The whole experience is much simpler.
ChainSpot also incorporates smart discovery features with artificial intelligence, which makes it easy for users to find potential DeFi projects. Traders are able to exchange assets among blockchains with cross-chain compatibility, all in BingX’s safe environment.
Vivien Lin, BingX’s Chief Product Officer, spoke about how ChainSpot originated through attentively hearing the needs of its community. She highlighted BingX’s purpose of providing decentralized opportunities while not compromising on safety and simplicity for its users.
This launch represents an important milestone in BingX’s vision to expand its financial products and provide cutting-edge tools.
With more than 20 million registered users globally, BingX is now an established player in the crypto community, which is always striving to satisfy both novice and professional traders. BingX became Chelsea Football Club’s official crypto exchange partner in 2024, further enhancing its worldwide reputation.
