Cryptopolitan 2025-05-20 08:44:57

BingX launches Chainspot: a CeDeFi innovation for easy access to decentralized tokens

PANAMA CITY, May 8, 2025 ‒ BingX, one of the leading global cryptocurrency exchanges, has announced ChainSpot, a pioneering CeDeFi (Centralized-Decentralized Finance) feature that allows users to access decentralized tokens directly from their BingX account, without the need for external wallets or complex on-chain processes. As part of its seventh anniversary celebration, BingX is launching this hybrid product as a showcase of the evolution of its platform. With the promise of “One Tap, All Chains,” ChainSpot offers a simple way to explore and exchange on-chain assets, fully protected by BingX’s centralized infrastructure. This CeDeFi innovation combines the best of the centralized and decentralized worlds, offering the ease and reliability of a centralized exchange with the openness and innovation of DeFi protocols. Chainspot was designed to simplify and secure on-chain trading, offering a number of features that enhance the user experience. In terms of security, users leverage the various tools of a centralized exchange when interacting with decentralized markets. This also allows access to DeFi tokens and on-chain projects without the need for bridges or setting up an external wallet. AI-based filters are also integrated to reduce research time and noise. Vivien Lin, Chief Product Officer at BingX, commented on the launch: “Over the past seven years, BingX has grown by being close to our users. ChainSpot is a direct result of listening to their desire for more flexible and decentralized opportunities, without losing the security and convenience of our platform. Our goal with ChainSpot is to redefine access to DeFi, making it simple, intuitive, and secure. This is not just another feature, but part of a larger vision to forge a financial future where innovation merges with inclusion and security coexists with freedom.” ChainSpot marks a strategic milestone in BingX’s evolution as a CeDeFi catalyst. As the platform continues to expand its ecosystem, it aims to launch more innovative features and ongoing product improvements. Chainspot is designed for a multi-chain future, seeking to facilitate efficient cross-chain asset trading, all from a centralized interface.