BitMEX CEO Says To Launch BMEX Exchange Token Later This Year

Bitmex CEO Alexander Hoeptner said in an interview that the launch of the BMEX exchange token on the spot trading market that was delayed in July will be rolled out by the end of 2022.

According to Coincu, Alexander Hoeptner, CEO of BitMEX shared in an interview at the Token 2049 event held in Singapore recently, that crypto futures and spot exchange BitMEX are planning to launch its exchange token, BMEX, later this year.

“If you launch a token in a market which clearly is not at all at the bottom, then your token will be drained down with the general environment,”

He said

Earlier in July, the exchange announced that it was delaying the launch of BMEX, citing the fact that the market was in a tough period.

“Although we are ready to list BMEX, the present market conditions are not ideal, and we want to list the token in an environment that gives it the best chance to reward you, its holders,”

The company said in the July announcement

Token owners will be eligible for reductions on trading fees as well as other benefits, just as holders of other exchange tokens like BNB and FTT.

Hoeptner said the precise launch date is dependent on whether the exchange’s management thinks there won’t be another “tremendous dip” in the near future. The token’s dropping price would be the focus of attention rather than the exchange’s new features or other successes, like its registrations in Italy and Switzerland, he claimed, if it were to launch right before a dip.

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