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BingX launches BXUSD in partnership with Franklin Templeton, offering yield from U.S. Treasury funds
BingX has announced the launch of BXUSD, a new product developed in partnership with Franklin Templeton that offers exposure to yields from Franklin Templeton-managed U.S. Treasury funds and can be used as collateral in futures trading.
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BingX has introduced BXUSD, a flexible wealth product created in collaboration with Franklin Templeton, which allows users to gain exposure to yields from U.S. Treasury funds managed by Franklin Templeton. Users can subscribe to BXUSD using USDT on a 1:1 basis, receive daily interest payments, redeem their holdings at any time using fast or standard options (with applicable fees), and use BXUSD as futures trading collateral; BXUSD is not a stablecoin or tokenized asset and does not confer direct ownership of underlying assets.
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BingX is a cryptocurrency exchange established in 2018, offering spot trading, conversion, grid trading, and access to standard and perpetual futures across over 100 countries. Users can trade major cryptocurrencies, benefit from a social trading platform with passive income options, and use a mobile app with TradingView integration; however, there is no leverage for spot trading and some withdrawal fees are comparatively high. For more detailed information, read the broker profile on Traders Union.
For more context on BingX's ongoing developments, including recent token listings, new licenses, and trading contests, see our earlier news about BingX in the previous BingX update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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