Cryptocurrency Futures and spot exchange BitMEX will be on the market by the end of the year, its CEO said in an interview at the Token2049 conference in Singapore. altcoin BMEX plans to put it on the market.
BitMEX CEO Alexander Hoeptner said in an interview that “if you launch an altcoin in a market that has not seen a clear bottom until now, your coin will move down with the overall environment.”
BitMEX’s BMEX Altcoin Delayed In June 2022 Due To Bad Market Conditions
The exchange announced in July that the launch of the token would be delayed due to market conditions.
“Although we are ready to list BMEX, current market conditions are not ideal and we want to list the altcoin in an environment that gives you the best chance to reward you holders,” the company announced in July.
According to the current information, these token holders will be able to benefit from discounts and other advantages in transaction fees, just like other exchange tokens such as BNB and FTT.
Hoeptner explained that the specific launch date will depend on whether the exchange’s team is convinced that another “massive drop” is on the horizon.
He said that launching just before a drop would mean that attention would focus on the token’s falling price rather than on the exchange’s new features or other successes such as registrations in Italy and Switzerland.
Hoeptner stated that for the BMEX altcoin, people are already waiting too long, so they can wait another month or two.
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!