financeFebruary 7, 2025

Driving Trading Volume at Scale: How We Delivered $100M+ in Monthly Volume for BingX

BingX is a global crypto trading platform operating in over 100 countries, offering spot, derivatives, and copy trading for both new and advanced crypto investors. In a competitive and volatile market, BingX sought sustainable user acquisition methods that not only brought new users — but also drove meaningful trading volume and long-term revenue.

The Challenge

As a crypto platform with presence in 100+ countries, BingX needed more than just global user acquisition — they needed users who would trade actively, and GEOs where trading volume per user was high. Operating under a rev-share model added another layer of complexity: acquiring users was not enough — they had to generate commissions, or the campaign wouldn’t be profitable.

  • Identify GEOs with high brand awareness
  • Test and prioritize GEOs with the highest trading volume per user
  • Ensure trader quality and retention, not just sign-ups
Challenge visual
Challenge visual

The Objective

Our core mission was to acquire high-quality trading users with strong long-term value, drive monthly trading volume at scale, and achieve profitability under a revenue share model. We focused on expanding in GEOs with the highest potential for trading activity and ROI-positive user acquisition, ensuring that every user brought meaningful value to the platform. These goals were designed to support sustainable growth, optimize net revenue, and maximize return on ad spend for BingX.

Key KPIs included:

  • High average trading volume per user
  • Strong conversion from registration to first trade
  • ROI-positive scaling across top-performing GEOs

Our Strategy

To achieve BingX’s growth and revenue goals, we implemented a performance-driven acquisition strategy focused on high-value GEOs, behavioral segmentation, and real-time revenue optimization. Our approach balanced global reach with local precision, ensuring scalable results under a rev-share model.

  • Performance-Based GEO Targeting

    To unlock trading volume at scale, we began by running geo-performance analyses across a wide range of markets. These tests evaluated brand familiarity, average trading volume per user, and commission potential across regions. The insights allowed us to build a tiered GEO strategy focused on countries with high trading activity and efficient acquisition costs. This localized, data-driven approach gave us the ability to scale global reach while prioritizing performance and ROI.

  • Behavioral Segmentation to Optimize for Trading Intent

    Beyond user acquisition, our efforts concentrated on identifying and nurturing high-value traders. We segmented users by their trading behavior — distinguishing first-time from returning traders, mapping conversion lag from registration to first trade, and evaluating trading volume tiers. These insights enabled us to tailor bidding strategies and campaign messaging to attract users most likely to engage deeply and trade consistently.

  • Revenue-Focused Campaign Optimization

    With a rev-share model in place, profitability depended not just on acquisition volume, but on the revenue users generated after onboarding. We aligned campaign optimization around volume per user, time-to-first trade, and net commission return. Using continuous performance analysis and in-house analytics, we refined campaigns in real time to accelerate time-to-profitability and maximize long-term value — without exposing BingX to upfront financial risk.

Our Results

$100M+ Monthly Trading Volume

Sustained across multiple months, with consistent user engagement

3,500+ New Trading Users per Month

With a high percentage contributing meaningful trading activity

Global ROI-Based Scaling

Identified and focused on top-performing GEOs that consistently delivered high LTV users under rev-share conditions

If you’re ready to scale user acquisition with a performance-driven strategy built for global growth

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