
BingX launched a payment card that converts crypto to fiat at checkout, with tiered rewards and global acceptance. The card integrates with the exchange's copy trading and derivatives products.
BingX launched a payment card that lets users spend crypto at merchants, withdraw cash, and earn rewards on purchases. The BingX Card works through existing payment networks, meaning it can be used anywhere cards are accepted.
Pablo Monti, a BingX spokesperson, said the card is part of a broader shift in how people use digital assets. "Crypto is evolving beyond a purely trading and investment asset class into a practical financial tool that people can use in their everyday lives," Monti said. "The BingX Card is a natural extension of this evolution."
The card offers tiered rewards and global usability. Users load it with crypto from their BingX wallet, and the platform converts the digital assets to fiat at the point of sale. That removes the step of manually selling crypto before spending it, which has been a friction point for crypto payment cards in the past.
BingX is a derivatives-heavy exchange that ranks among the top five globally for crypto derivatives volume, according to the company. It also runs a copy trading platform where users can mirror the trades of top performers. The exchange says it serves over 40 million users worldwide.
The card launch follows a pattern seen across the industry. Several exchanges have rolled out payment cards in the last two years, including Binance and Crypto.com, as they try to push crypto beyond speculative trading and into daily transactions. The difference with BingX's card is the direct integration with its copy trading and derivatives products, which could give active traders a way to spend profits without cashing out to a bank account first.
BingX was founded in 2018 and is based in Panama City. The company has been expanding its product line beyond exchange services, adding AI-driven trading tools and traditional finance offerings alongside its core crypto products.
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