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What is bingx exchange?

BingX Exchange is the largest leveraged exchange (Margin Trading) in Taiwan. Founded in December 2017, BingX received a $10M investment from technology company Grand Shores – a listed company of Hong Kong (stock code 1647HK) in June 2018.

What is leverage & how does it work?

The concept of leverage is used by both investors and companies: Investors use leverage to significantly increase the returns that can be provided on an investment. They leverage their investments by using various instruments, including options, futures, and margin accounts. Companies can use leverage to finance their assets.

What does 'highly leveraged' mean?

When one refers to a company, property, or investment as "highly leveraged," it means that the item has more debt than equity. Leverage might have played a factor in the 2008 global financial crisis.

Is leverage a risky investment?

If winning investments are amplified, so are losing investments. Using leverage can result in much higher downside risk, sometimes resulting in losses greater than your initial capital investment. On top of that, brokers and contract traders often charge fees, premiums, and margin rates.

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