BingX Labs Partners with Babylon to Secure Bitcoin Staking and Boost PoS Networks
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 03 2025BingX Labs and Babylon Partnership: BingX Labs has partnered with Babylon to enhance Bitcoin staking security through UTXO-based locking and PoS networks, contributing $5.3 million from its Ecosystem Fund to improve DeFi accessibility and safety for Bitcoin holders.
Introduction of the ALTCOIN Index: BingX launched an ALTCOIN Index that tracks various altcoins, allowing users to monitor market trends and trade efficiently without needing to purchase individual tokens, thus simplifying portfolio management and reducing volatility risks.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
