Bitmax exchange token launch It was postponed due to dire market conditions. The CEO of Bitmax exchange plans to launch this token before the end of 2022.
CEO of BitMex exchange At the Token2049 conference in Singapore, he was interviewed by the CoinDesk news website. In this interview, he mentioned that Bitmax spot and futures trading exchange plans to unveil its native token by the end of 2022.
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Unveiling of Bitmax exchange token
Bitmax CEO Alexander Hoeptner told CoinDesk: “If you launch a token that is normally in good shape, the general atmosphere will bring it down.”
The reputable exchange Bitmax announced in July that it had delayed the launch of its native token due to unfavorable market conditions. “We are ready to list the BMEX token, but the current market conditions are not ideal and the company’s policies are to market the token under the best possible return conditions,” Bitmax said in its June statement.
Benefits of BMEX Token
Holders BMEX token as well as other exchange tokens like BNB And FTT They will benefit from discounts on transaction fees and other similar benefits. Bitmax exchange has adopted a similar approach to Binance. Binance users will pay lower transaction fees if they use the BNB token. Bitmax exchange token It also provides the same conditions for the traders of this exchange.
Höptner stated that the timing of the launch of the Bitmax exchange token depends on certain things. The exchange team must ensure that there will not be another heavy fall in the digital currency market.
According to Hauptner, the early launch of BMEX means that users will pay more attention to the token price drop than other news and other achievements of the company, such as official registration in Italy and Switzerland, will be diminished. “People have been waiting too long, and they can wait another month or two,” Hauptner continued.
What do you think about Bitmax exchange token release until the end of 2022? Will this token become a competitor to Binance’s BNB? Please leave your comments in the comments section duplicate share it.