Crypto futures and spot exchange BitMEX plans to launch its BMEX exchange token before the end of 2022, the exchange’s CEO announced at the Token2049 conference in Singapore.
“While we are ready to list BMEX, current market conditions are not ideal and we want to list the token in an environment that will give it the best chance of rewarding you, its holders,” BitMEX said in a summer release.
Like other exchange tokens such as BNB and FTT, holders of BMEX tokens will be eligible to receive discounts on trading fees and other benefits.
As the CEO of BitMEX explained, the specific launch date depends on whether another “huge drop” appears on the horizon.
A launch just before the fall would mean that the focus would be on lowering the price of the token, rather than new exchange features or other advances such as its listing in Italy and Switzerland.
“People have been waiting for so long. They can wait another month or two,” Alexander Höptner said.
Let’s hope that in the coming months we will finally be able to see the launch of BMEX tokens and purchase them at the best price.