Futures and Spot exchange BitMEX plans to launch its own BMEX token by the end of the year, according to the CEO in an interview with CoinDesk at the Token2049 conference in Singapore.
“If you launch a token in a market that is clearly not at its bottom, Your tokens will be sold out in the general environment,” BitMEX CEO Alexander Hoeptner told CoinDesk in an interview.
BitMEX previously announced in July that the token launch would be delayed due to market conditions.
“Although we are ready to list BMEX, the current market conditions are not ideal. And we want to list the tokens in an environment that offers the best opportunity to reward its holders,” the company said in its July announcement.
And just like other token exchanges such as BNB and FTT, BMEX token holders receive discounts on trading fees and other perks.
Hoeptner explains that the exact launch date depends on whether the team believes it won’t. He said the launch before the broader market declines meant that all attention would be focused on the token’s falling price rather than its new features. Exchanges or other achievements such as being registered in Italy and Switzerland.
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