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.
<h2>BMEX Launch on Spot Exchange Delayed</h2>
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.
<blockquote><em>"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,"</em> the company wrote in the announcement release.</blockquote>
<a href="https://www.cryptoknowmics.com/news/former-bitmex-ceo-arthur-hayes-expects-more-forced-selling-of-crypto/" target="_blank" rel="noopener">BitMEX</a> 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.

https://twitter.com/BitMEX/status/1546684273243340800
<h2>BitMEX Facing the Heat of Crypto Winter</h2>
The crypto world is currently going through one of its biggest dips in recent years. BitMEX too has been facing the heat, but so far, has been managing to overcome the challenges.
<blockquote><em>"Bear markets are not easy; we have seen our share over the years and stayed strong, even with Bitcoin at much lower levels. As we look to the future, listing BMEX on our spot exchange remains our top priority and we hope to celebrate this milestone with you soon,"</em> the company explained in its <a href="https://blog.bitmex.com/bmex-launch-rescheduled/" target="_blank" rel="nofollow noopener">blog post</a>.</blockquote>

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.

Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

BitMEX Delays Launch of its BMEX Token on Spot Market

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