EventX by BingX is a derivatives product that turns major global events into tradable underlying assets.
Politics, sports, entertainment, economic data, and more. Every event you follow can become a trading opportunity.
Core mechanism of event contracts: Probability equals price.
Event contract's pricing is based on market expectations of an event's outcome probability.
Event probability from 0% to 100% corresponds to a price range from 0.00 to 1.00.
Higher market confidence in an outcome leads to a higher probability and price.
Lower market confidence in an outcome leads to a lower probability and price.
Prices reflect the market consensus on the likelihood of an event occurring. For example, if an event's price of "Yes" is 0.75, the market estimates a 75% chance of that outcome happening. If the event occurs, users trading "Yes" profit. If it does not occur, users trading "No" profit.
Start your first EventX trade in just four simple steps
1. How to access
Go to the navigation bar on the app or website and select Futures → EventX, or enter the EventX page directly from the Markets page.
2. Select "Markets"
In Markets (classic mode), users mainly speculate on the final outcome of an event. Positions can be held until settlement, where the system will settle based on the final result. Users may also close positions before settlement based on price movements to lock in profits or limit losses.
In this mode, positions are not subject to liquidation and there is no funding fee mechanism.
3. Place an order
Transfer funds to your EventX account or use USDT from other accounts to place orders.
Select the event you want to trade.
If you believe the event will occur, meaning the probability of "Yes" will move toward 100%, you can trade "Yes".
If you believe the event will not occur, meaning the probability of "No" will move toward 100%, you can trade "No".
Enter your cost, then place the order. Both market and limit orders are supported.
After placing an order, you can view your positions or orders under Positions or Open Orders. You can also check order history and position details by visiting Orders at the top of the event list.
4. Hold or close early
If you hold your position until event settlement or auto-close, the system will settle or close it based on the event outcome.
You can also sell early before settlement to take profit or cut loss based on the market price movements.