A Singapore-based cryptocurrency exchange is launching a new platform to support promising digital asset projects.
In a new press release, BingX says it is launching BingX Labs, a new cryptocurrency project incubator that aims to help promising cryptocurrency projects with high potential distribute their tokens efficiently.
According to the press release, BingX is interested in projects that are deemed to “show strong marketing, user acquisition potential, and innovative technical solutions,” though specific digital assets were not mentioned. The company says it will offer market-making services, technical support, and strategic consulting to clients.
“The Lab is open to collaborating with successful and experienced Web3 teams and supporting industry-leading projects that demonstrate significant market potential and traction.
Leveraging the largest trading volume and community on the BingX exchange, BingX Labs is committed to supporting projects from their early stages and helping them succeed in the capital markets.”