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The native BMEX coin will be on sale on November 11 according to a statement made on Tuesday by cryptocurrency exchange BitMEX. On the BitMEX platform, keeping and staking BMEX tokens will grant discounts on trading costs, staking incentives, exemptions of withdrawal fees, and other VIP advantages.
BitMEX will start trading native BMEX tokens on November 11; token ownership and staking will significantly reduce trading expenses.
The native BMEX coin will be on sale on November 11 according to a statement made on Tuesday by cryptocurrency exchange BitMEX. On the BitMEX platform, keeping and staking BMEX tokens will grant discounts on trading costs, staking incentives, exemptions of withdrawal fees, and other VIP advantages. The struggling cryptocurrency exchange hopes to regain market position in the futures sector with the launch of BMEX trading.
BitMEX Announces BMEX Token IEO Date
The BMEX token trading would start on November 11, the cryptocurrency exchange BitMEX announced in its official blog on November 8. According to the claims, this gave clients a unique chance to participate in an IEO from the original bitcoin exchange.
Users can initially start trading the BMEX/USDT pair on the spot exchange at 8 AM SGT. A few hours later, the BMEXUSDT and BMEXUSD permanent swaps will be available for trading on the bitcoin market. The registration process for users, according to BitMEX, just takes five minutes. Additionally, BitMEX distributed a sizable number of airdrops of the token and marketed BMEX as the Token for True Believers in 2022.
The members of the community, including traders, HODLers, whales, and everyone else, who are aware that the future of money, transactions, art, security, investing, and more is being created. True believers are conscious of this potential. They don't just stand by and observe. They are pioneers, doers, and evangelists.
According to the cryptocurrency exchange, owning and staking BMEX will save consumers up to 15% on trading costs. A monthly token burn is also provided in order to raise the value of the BMEX ecosystem, in addition to early product access, BitMEX SWAG, and tickets to sporting events.
BMEX The delay on the Crypto Exchange
Because of unfavourable market conditions, BitMEX decided to delay the July launch of BMEX. The Terra-LUNA and liquidity problems wiped out the cryptocurrency industry. The cryptocurrency exchange BitMEX airdropped millions of tokens after revealing the BMEX Token Litepaper, which outlined the aspirational vision, utility, and strategy for the token.