Tuesday, July 12, Derivatives cryptocurrency exchange BITMEX announced that it will not proceed sooner with the launch of its native cryptocurrency BMEX. Thus, BitMEX will postpone the listing of BMEX tokens on its spot exchange.
The decision to delay the launch comes citing unfavorable market conditions. Explaining the reason behind it, BitMEX said:
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. For such an important launch, timing is just as important as any other factor.
Furthermore, BitMEX also said that they have strong “grassroots support” for its BMEX tokens. Over the last few months, BitMEX has also airdropped millions of tokens to thousands of users for trading.
Besides, several users are already enjoying the utility of BMEX by staking the tokens to receive withdrawal refunds, fee discounts, and other perks.
