• BingX has launched BingX Labs to support digital asset startups with technical and strategic support.
• Crypto startups in Asia and Africa surged in 2024.

The leading cryptocurrency exchange, BingX, has unveiled BingX Labs, its new investment division planned to fuel the growth of digital asset startups. This initiative comes at a time of increasing optimism within the crypto market, highlighted by a surge in investment and heightened participation from traditional financial players.

BingX Labs focuses on providing comprehensive support to emerging crypto projects, offering more than just financial backing. The new division will bring various services, including technical guidance, strategic consulting, and market making.

The exchange is on the lookout for projects that display strong growth in user acquisition and possess marketing strategies. This focus lines up with the exchange’s broader goal of enhancing its ecosystem via strategic partnerships and integrations with other cryptocurrency platforms.

In addition to the launch of BingX Labs, BingX has introduced a new feature, BingX Pre-Market Trading. This feature aims to improve market efficiency by providing users with access to coins at more favorable prices, facilitating better price discovery, and enhancing liquidity.

According to a recent report, a surge in crypto-based startups in Asia and Africa has increased in 2024. In recent months, these regions have also witnessed progress in regulations and new developments within the cryptocurrency sector.