CoinWorld news, according to BeInCrypto, BingX's innovation department BingX Labs announced a strategic partnership with the Bitcoin staking protocol Babylon, investing $5.3 million in the Babylon project through its $100 million ecosystem fund. BingX Labs stated that its support for Babylon is a key step in unlocking higher security, accessibility, and innovation in the blockchain space. It was introduced that Babylon focuses on bringing Bitcoin into the PoS ecosystem, allowing users to stake Bitcoin for PoS blockchains and earn rewards without the need for third-party custody, bridging solutions, or wrapping services.