BingX Launches BXUSD Yield Product Backed by Franklin Templeton Fund
BingX, the multi-asset trading platform, has launched BXUSD, a yield-bearing savings product backed by investments in a U.S. money market fund managed by Franklin Templeton. The offering allows eligible users to earn daily yields while retaining flexibility for redemption or using BXUSD as margin for USDT-margined futures trading. BXUSD is available exclusively on BingX with no subscription fee and requires a minimum investment of 0.1 USDT. It features three core benefits: variable APY updated daily, the ability to use BXUSD as trading margin while still earning yield, and flexible redemption options including fast redemptions within about one minute. This launch expands BingX's TradFi offerings beyond trading into fund-based savings, aligning with its strategy of integrating traditional financial products into a unified multi-asset ecosystem.
Tickers: $BEN
Topics: BXUSD digital asset integration Franklin Templeton partnership TradFi expansion