Does BingX have margin trading?

Could you please clarify if BingX offers margin trading? I've been exploring different cryptocurrency exchanges and noticed that margin trading can significantly enhance trading strategies. I'm particularly interested in BingX's features, given its reputation in the cryptocurrency sphere. Could you elaborate on whether BingX allows users to engage in margin trading and, if so, what are the key advantages and risks associated with this type of trading on the platform? I'm keen to understand how it could potentially increase my trading profits while managing risk effectively.