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Dubai Cryptocurrency Event ’24: Life in the Blockchain
The Blockchain Life conference has been the center of attraction for cryptocurrency enthusiasts globally amidst the hustle and bustle of Dubai Crypto Event ’24. We caught up with Vivien Li, Chief Product Officer (CPO) at BingX, during this eventful time to discuss strategic alliances that are fueling its growth.
Vivien Li, CPO of BingX, explains the company’s core principles and how they have taken a different approach than other players in the competitive cryptocurrency exchange market.
Question 1
In the crowded cryptocurrency exchange market, what does BingX do differently?
Yes we can. BingX focuses on being clear, responsible, reliable and trustworthy. We create products that are easy to use and affordable for all people; This is why we always keep an eye on user needs. This strategy helps us find simple answers for complex situations, which ultimately creates seamless experiences.
Question 2
How does BingX stand out from its competitors?
What makes us different is that we strive to be open about everything we do and focus on the well-being of our users. Sometimes the technical terms used in cryptocurrency might scare people, but not in our case; Here at BingX, we do our best to simplify things without losing their functionality. Our system may seem elementary, but it actually works very well; Most customers also get recommendations from other satisfied users.
Question 3
How is product design influenced by BingX’s mission and vision?
BingX’s goal is to have secure platforms and easy-to-use products. This means that every single step of our development process is guided by this goal so we can solve problems before they occur and be transparent when they arise. For example, if problems are detected, they will be addressed immediately because keeping them quiet would be against transparency, thus creating a better relationship between the company and its customers.
Question no. 4
How does BingX address linguistic and cultural diversity on its platform?
We have users from all over the world and offer our platform in more than 15 different languages, supported by 24-hour global customer service. It is also understood that the design must be culturally sensitive; translations and graphics should resonate appropriately with various cultural groups. We also tailor marketing campaigns to connect with local habits and preferences.
Question no. 5
What are some of the key areas BingX focuses on?
While we operate across all continents with a distributed workforce model, Turkey, Africa and Asia have been our largest growth markets.
Question no. 6
In light of security challenges, how does BingX ensure the safety of user resources?
Our security system has multiple layers; the majority of assets (over 85%) are stored in cold wallets not connected to the Internet, therefore less subject to cyber attacks. Additionally, we use AI-powered monitoring tools to detect and block suspicious activity. Regular checks are performed to test for security threats while keeping up with industry standards through timely updates.
Question no. 7
What does BingX do to help users when the market becomes highly volatile?
We have partnered with some of the best liquidity providers to ensure the market remains stable. Furthermore, in contract trading, our functionality protects prices, ensuring that orders are executed at the desired prices even in case of low liquidity. Trading robots also create stability and give users the ability to take advantage of price fluctuations.
Question no. 8
Can you tell us about any strategic partnerships BingX has made?
In an effort to reach a wider audience around the world, this year we announced our partnership with Chelsea Football Club and Korean UFC fighters. These relationships allow us to access new markets and introduce cryptocurrencies into different communities.
Question no. 9
How does BingX use user feedback during the product development process?
Our product development revolves around user feedback; is an integral part of what we do. Most features and products come from what people say. For example, a wealth management business unit was launched because users requested such services.
Question no. 10
Over the next five years, what are the main developments you expect to see in the cryptocurrency exchange industry?
Our commitment is constant as we continue to offer valuable items and work with leaders in various industries to bring new creations. We seek to make digital currency more widely acceptable, thereby increasing its popularity among people and leading to the creation of a strong network.
Question no. 11
Does BingX have any long-term goals or upcoming developments?
Over the next few months we will be making several additions, such as our first launch pool and launch pad. These steps are taken to enable us to fulfill our mission of providing useful services to all users.
In summary, what BingX has experienced is a demonstration of a willingness to transparently trust people when it comes to cryptocurrencies, which are characterized by many changes. As the platform continues to thrive over time, users should anticipate wider reachability and fun-filled inventions, as well as collaborating with others within their reach, so continue to watch out for other cool things that may be happening related to it as it takes shape. cryptocurrency trading futures on BingX.
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Disclaimer The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for personal financial loss.