BitMEX Delays Launch of its BMEX Token on Spot Market

Derivatives cryptocurrency exchange BitMEX has decided to postpone the listing of its native BMEX token on its spot exchange. The decision to delay the launch comes citing unfavorable market conditions. BMEX Launch on Spot Exchange Delayed According to an official announcement from today, BitMEX has decided to postpone the launch of its native cryptocurrency BMEX on its spot exchange. The delay to launch the native cryptocurrency comes citing unfavorable market circumstances. “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,” the company wrote in the announcement release. BitMEX also highlighted that they have strong “grassroots support” for its BMEX tokens. For instance, the derivatives platform over the last few months has airdropped millions of tokens to thousands of users for trading. Holders of this token are able to make the best use of the token by staking to receive fee discounts, withdrawal refunds, and other benefits. 📣We’ve decided to delay the listing of BMEX as we wait for general crypto market conditions to improve. Why? We want to list BMEX in an environment that gives it the best chance to reward you: our community. Thanks for your patience & stay tuned.https://t.co/pkSsYvljVN — BitMEX (@BitMEX) J...