BingX Launches EventX, Turning Real-World Events Into Tradable Assets

TheNewsCryptoPublished on 2026-05-12Last updated on 2026-05-12

Abstract

BingX, a leading cryptocurrency exchange, has launched EventX, a new feature that transforms real-world events into tradable assets. This platform allows users to trade on the probability of outcomes across diverse categories like politics, sports, and entertainment. EventX offers two modes: a simple Classic Mode and a Leverage Mode with up to 10x amplification. For a limited time, trading will carry zero fees. The system uses a straightforward Yes/No market structure for ease of use. According to BingX, EventX expands its multi-market ecosystem, catering to growing user interest in event-driven trading opportunities beyond traditional crypto. Availability may vary by region. BingX, founded in 2018, serves over 40 million users globally and is a top derivatives exchange and copy trading pioneer.

BingX, a leading cryptocurrency exchange and Web3-AI company, today announced the launch ofEventX, the platform’s new contracts feature designed to transform real-world events into tradable opportunities. EventX allows users to trade on the probability of events across a variety of categories, with zero fees for a limited time and exclusive leverage of up to 10x.

By combining intuitive market structures with flexible trading mechanisms, EventX expands on BingX’s multi-market ecosystem, enabling users to turn their convictions into actionable trades through a streamlined and accessible experience:

Flexible Dual Trading Mode: Choose Classic Mode for simple event trading, or switch to Leverage Mode for 10X amplified outcomes.
Limited-Time Zero Fee: Competitive fees and integrated VIP tiers reduce trading costs and support more efficient trading.
Diversified Global Events: Trade on major global events across politics, sports, entertainment, economics, crypto, and more.
Simple Market Structure: Each market is built on Yes/No outcomes, making participation straightforward and easy to understand.

“EventX is the next step in evolving BingX’s multi-market and multi-asset ecosystem,” said Pablo Monti, Spokesperson of BingX. “As user interest increasingly extends beyond traditional crypto trading into broader event-driven opportunities, we are creating a more diverse and engaging trading environment that connects users to global conversations without leaving the BingX ecosystem.”

*Availability of EventX trading may vary by region, and access is limited to certain compliant locations.

About BingX

Founded in 2018, BingX is a leading crypto exchange and Web3-AI company, serving over 40 million users worldwide. Ranked among the top five global crypto derivatives exchanges and a pioneer of crypto copy trading, BingX addresses the evolving needs of users across all experience levels.

Powered by a comprehensive suite of AI-driven products and services, including futures, spot, copy trading, and TradFi offerings, BingX empowers users with innovative tools designed to enhance performance, confidence, and efficiency.

BingX has been the principal partner of Chelsea FC since 2024, and became the first official crypto exchange partner of Scuderia Ferrari HP in 2026.

For media inquiries, please contact: [email protected]

For more information, please visit:https://bingx.com/

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Bitcoin Diamond Hands Set New Supply Record Of 14.8 Million BTC

The supply of Bitcoin held by long-term holders (those holding for over 155 days) has reached a new all-time high of 14.8 million BTC, signaling strong investor conviction. After a period of profit-taking and selling during price declines through late 2025 and early 2026, this metric has reversed its trend since February. The rising supply indicates a growing tendency to HODL, as coins enter this category only after being held for over five months. Meanwhile, Bitcoin's price has stalled in its recovery, trading sideways around $80,700.

bitcoinist5m ago

Bitcoin Diamond Hands Set New Supply Record Of 14.8 Million BTC

bitcoinist5m ago

Wall Street's 'Compliance Hunt': The Great Stablecoin Reserve Migration

In a concentrated move over the past week, several Wall Street giants have advanced their tokenized money market fund initiatives, signaling a strategic shift driven by impending U.S. stablecoin regulations. JPMorgan Chase launched its second such fund, JLTXX, on Ethereum, explicitly targeting future stablecoin issuer reserve needs. Concurrently, Franklin Templeton partnered with Kraken to integrate its BENJI tokenized funds onto the exchange platform for use as collateral and cash management tools. BlackRock further solidified its position by filing for two new tokenized funds with the SEC, aiming to convert its massive traditional stablecoin custody business into a tokenized model. These parallel developments represent a multi-pronged institutional "compliance hunt" to capture future crypto liquidity. BlackRock and JPMorgan are focusing on the backend, preparing to serve as the core reserve and settlement infrastructure for compliant stablecoins as outlined by the GENIUS Act. This act defines strict "qualified reserve asset" requirements for stablecoin backing while prohibiting interest payments to holders. Franklin Templeton and Kraken, however, are exploiting a potential regulatory gap. By offering a tokenized fund (BENJI) that is not a stablecoin, they aim to provide yield-bearing, collateralizable digital cash instruments, circumventing GENIUS Act's ban on stablecoin yield. The impending CLARITY Act, which will delineate digital asset market structure, is seen as a complementary piece to GENIUS. Its treatment of passive income could solidify the niche for instruments like BENJI. With conservative market size estimates for tokenized money market funds reaching hundreds of billions by 2030, Wall Street institutions are positioning themselves early, using on-chain settlement as a key competitive differentiator to offer superior liquidity and composability for the next generation of dollar reserves.

marsbit9m ago

Wall Street's 'Compliance Hunt': The Great Stablecoin Reserve Migration

marsbit9m ago

SK Hynix Becomes the 'Capitalist Traitor', Samsung Employees Launch Major Strike

A major labor dispute is escalating at Samsung Electronics, with its union threatening an 18-day strike from May 21st after mediation failed. The core conflict is over profit-sharing, not the wage increase amount. The union, emboldened by a precedent set at rival SK Hynix, demands a permanent, formula-based annual bonus tied to 13% of the semiconductor division's operating profit. Management offered a large one-time payout instead, refusing to institutionalize an annual split, fearing it would set a costly precedent across Samsung's diverse business groups and the wider Korean conglomerate system. SK Hynix's deal, guaranteeing employees 10% of annual operating profit for a decade, has already delivered substantial bonuses due to its dominance in the lucrative HBM memory market for AI chips. This has triggered rare employee movement from Samsung to SK Hynix. The strike, potentially involving tens of thousands, risks impacting global DRAM and NAND production. Analysts see this as the start of a broader recalibration within the AI supply chain, where workers in critical, scarce roles are beginning to renegotiate their share of the massive profits generated, moving beyond traditional models like stock options towards more direct, transparent cash profit-sharing agreements.

marsbit20m ago

SK Hynix Becomes the 'Capitalist Traitor', Samsung Employees Launch Major Strike

marsbit20m ago

Research Debunks AI Layoff Myth: 80% of Companies Cut Jobs, None Made Money From It

Research Debunks AI Layoff Myth: 80% of Firms That Cut Jobs Saw No Financial Gain A Gartner survey of 350 large enterprises (revenue >$10B) found 80% that deployed AI/automation conducted layoffs, but found no positive correlation between the scale of layoffs and financial return. Companies that cut more jobs did not outperform those that cut fewer. The highest returns were achieved by "human-amplified" businesses using AI to augment employee productivity rather than replace them. Meanwhile, nearly 50,000 U.S. jobs were cut due to AI in the first four months of 2026, with tech sector layoffs hitting a three-year high. The report suggests that current AI-driven layoffs may often be small-scale experiments or "AI washing"—using AI as a pretext for cuts driven by other economic pressures. Short-term challenges are significant, with over 40% of AI agent projects predicted to be cancelled by 2027 due to cost and value issues. However, Gartner forecasts AI will become a net job creator by 2028-2029, creating new roles that AI cannot fulfill. Despite high project failure rates, AI software spending is projected to grow rapidly, from $86.4B in 2025 to $376.3B in 2027.

marsbit22m ago

Research Debunks AI Layoff Myth: 80% of Companies Cut Jobs, None Made Money From It

marsbit22m ago

Altman Drops Bombshell While Musk is Away: He Once Wanted His Children to Inherit OpenAI

In a California court, Sam Altman testified for the first time in the ongoing legal battle between Elon Musk and OpenAI. Altman made a striking claim: Musk once suggested that control of OpenAI could one day be passed down to his children. This statement reframes the long-standing conflict not as a simple governance dispute but as a foundational power struggle. Altman sought to counter the narrative that OpenAI betrayed its original non-profit, idealistic mission. He argued that from the beginning, it was Musk who sought increasing control over the organization, including a larger equity stake and ultimate decision-making authority. Altman opposed this, citing OpenAI's core principle that AGI should not be controlled by any single individual. He also addressed the key point of contention about OpenAI's shift to a for-profit structure, claiming Musk was aware of and initially supportive of exploring such a model to secure the massive funding needed for advanced AI research. Altman framed the change as a practical necessity, not a betrayal. Further testimony revealed internal concerns after Musk left OpenAI's board, with worries he might take retaliatory action. Altman critiqued Musk's management style as unsuitable for a research lab, damaging morale and culture. Throughout his testimony, Altman's focus appeared to shift from technological idealism to the realities of organizational governance and resource requirements. Regarding his brief ouster in 2023, Altman stated he seriously considered joining Microsoft but ultimately returned because OpenAI was too important to abandon.

marsbit1h ago

Altman Drops Bombshell While Musk is Away: He Once Wanted His Children to Inherit OpenAI

marsbit1h ago

Trading

Spot

Futures