BMEX’s launch was delayed by market conditions. However, the CEO of the exchange wants it to be launched before 2022. BitMEX, a crypto futures and spot exchange, plans to launch its exchange token, BMEX by the end of 2018, its CEO stated in an interview with CoinDesk during the Token2049 conference.
Alexander Hoeptner, CEO of BitMEX, said in an interview that if you launch a token on a market that is clearly not at the bottom, your token will be drained with the environment.”
The exchange stated in July the delay of the token’s launch due to market conditions.
The July announcement stated that BMEX is ready to list, but the market conditions are not favorable and that the token should be listed in an environment that rewards its holders.
Token holders, like other exchange tokens like FTT and BNB, will have access to trading fees discounts and other perks.
Hoeptner said that the exact launch date will depend on whether the exchange’s team believes there isn’t another “tremendous drop” in the horizon. He explained that launching just before a dip would mean that attention will be on the token’s falling price, rather than its new features or other achievements, such as its registrations in Italy or Switzerland.
“People waited so long. Hoeptner stated that they can wait another month or so.