Cryptocurrency futures and spot exchange BitMEX is planning to launch its exchange token, BMEX, later this year, its CEO said in an interview with CoinDesk at CoinDesk. Token2049 conference in Singapore.
Alexander Hoeptner, CEO of BitMEX, told CoinDesk in an interview: “If you launch a token in a market that is clearly not a bottom, your tokens will be consumed accordingly. common environment.
In July, the exchange announced that the token launch would be delayed due to market conditions.
“While we are ready to list BMEX, the current market conditions are not ideal and we would like to list the token in an environment that gives it the best chance of rewarding you, its holder,” the company said in a July announcement.
Like other exchange tokens like BNB and FTT, token holders will enjoy discounted trading fees and other perks.
Hoeptner explained that the specific launch date depends on whether the exchange’s team believes there are no other “serious drops” in the future. Launching just before the drop means that attention will be focused on the token’s falling price, he said, rather than the exchange’s new features or other achievements like its registration in Italy and Switzerland.
“People have waited too long. They can wait another month or two,” says Hoeptner.