Difference between Bitmex and BingX

Bitmex and BingX are both popular cryptocurrency platforms, but they offer different services
and features to their users.
Bitmex is a cryptocurrency derivative trading company founded by Hayes, a former bank
employee in Hong Kong. He became a millionaire through bitcoin arbitrage and used that
experience to create BitMEX. Despite being the first of its kind, Bitmex's customer service
has been criticized and it has dropped in popularity, being surpassed by Bybit as the leading
platform. Bitmex does not support spot trading or purchasing bitcoin with fiat currencies, and
its complex calculation and lack of transparency has led to investigation by the FBI. It is also
no longer able to serve US customers due to not having a trading license. Bitmex's affiliate
payout is less attractive compared to competitors and it has been struggling to adapt to the
changing crypto market. The future of the company is uncertain, as it has failed to make
improvements despite customer suggestions and feedback.
On the other hand, BingX is an international digital service financial institution with branches
in North America, Canada, the EU, Hong Kong, and Taiwan. BingX has also obtained
regulatory approval to operate in other countries where it provides services or conducts
business. BingX focuses on providing users with financial services such as lending,
borrowing, and staking, as well as allowing users to buy and sell cryptocurrencies. They also
have a referral program, a trading competition, and a copy trading feature that enables users
who do not have much time or who are new to crypto to choose their trader of choice and
follow their trade(s).
In conclusion, Bitmex and BingX have different features and services that cater to different
user needs, preferences, and purposes. It is advised to research both platforms thoroughly
and consult with financial advisors before making any investment decisions.