BitMEX, a derivative and spot crypto trading platform, has postponed the launch of its native coin, BMEX, because of the current downing market drift. As a result, the company PR has announced today that it will not list the token on BitMEX Spot Exchange.
However, BitMex said it looks forward to listing BMEX on its spot exchange soon as it remains a “top priority.” Because bearish markets are not easy to navigate, and the company has weathered adverse market conditions
“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,” BitMEX said
They further stated that millions of BMEX coins are currently being airdropped to BMEX traders and new joiners for the past few months for trading, and the response has been encouraging. Traders are pooling BMEX and benefiting from its services, such as fee discounts and withdrawal refunds.