The cryptocurrency exchange BingX has rolled out a new feature allowing users to utilize their USDT savings from BingX Wealth accounts as collateral for futures trading. This innovation enables traders to optimize their futures positions while continuing to earn interest on their savings.
BingX users can now leverage their USDT funds from flexible or fixed-term BingX Wealth accounts as a margin in perpetual futures trading. A key benefit is that interest will keep accruing on these savings even if the futures positions experience losses. BingX calculates the maximum savings amount that can be used for margin, prioritizing longer-term deposits to maintain flexibility. The financing rate applied to eligible wealth products used as a margin is a competitive 100%.
As long as the account remains risk-healthy, BingX users can expect uninterrupted interest income. Interest is automatically credited to the user’s account when fixed-term savings expire, with the savings remaining available as margin in the futures account. If forced liquidation occurs, interest accrual halts, forced redemption takes place, and the savings are used to offset losses. Users must return the principal of any savings used as a margin before redeeming them, with BingX prioritizing returning the shortest-term financial product first to maximize flexibility.
This new functionality underscores BingX’s commitment to continuously rolling out innovative features that provide users exceptional opportunities, per BingX’s Head of Branding Megan Nyvold. It empowers traders to employ BingX Wealth savings as futures margin while maximizing earning potential in crypto.