BingX Launches BXUSD Yield Certificate for USDT-Margined Futures

BingX has launched BXUSD, a yield certificate supported by the exchange’s investment in a U.S. money market fund managed by Franklin Templeton; eligible users can use BXUSD as margin for USDT-margined futures.

Eligible users receive daily distributions in BXUSD. The annual percentage yield (APY) is variable and updated each day, so the rate may change while a user holds the certificate. BXUSD can be used only within BingX.

Subscriptions start at 0.1 Tether (USDT) and carry no subscription fee. For each 1 USDT subscribed, BingX immediately deposits 1 BXUSD into the user’s spot account. Distributions are paid separately in BXUSD.

To use the certificate for futures trading, users transfer BXUSD to a USDT-margined futures account and enable Multi-Assets Mode. Each 1 BXUSD then counts as 1 USDT of margin. The holdings remain eligible for daily distributions under the product’s terms while serving as margin.

BingX offers fast and standard redemption options. Fast redemption typically takes about one minute when the applicable conditions are met.

The launch adds a fund-linked yield product to BingX’s trading platform. The exchange previously opened trading in more than 7,000 U.S. stocks and exchange-traded funds through Alpaca’s brokerage infrastructure. Eligible users of that service can fund stock and ETF trades with USDT or USD Coin (USDC), without depositing fiat currency or opening a separate brokerage account.