BitMEX announces the launch date of its digital currency BMEX
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Answer BitMEX announces the launch date of its digital currency BMEX
Alexander Hauptner, CEO of BitMEX, announced the upcoming date in an interview at the Token2049 conference in Singapore.
It was completed planning Tentatively to launch BMEX P2P crypto product trading platform earlier.
BitMEX then decided to postpone the launch of BMEX, considering the unsatisfactory market conditions at the time and hoping to allow BMEX to be launched in an environment where its holders have the best chance of generating returns.
According to Alexander Hauptner, the official launch of the BMEX digital currency will be at the end of this year 2022.
In an earlier announcement published in July 2022, the company told:
Although we are ready to launch BMEX, the current market conditions are not ideal.Read:Craig Wright is subjected to conclusive evidence that he is a fraud by the addresses he claims to have
We want to include the digital currency in an environment that gives it the best opportunity to reward its holders.
Alexander Hauptner explained that the team will discuss whether there will be another significant drop in the future before evaluating when the specific BMEX cryptocurrency will be listed.
Just like other cryptocurrencies, such as Binance’s BNB and FTX’s FTT, the exchange’s currency is the digital currency issued by the exchange itself.
The platform’s currency has a more diverse value support than traditional assets such as Bitcoin.
As there are many applicable scenarios based on the equity of the trading platform, such as transaction value and trading.
Therefore, BMEX coin holders are entitled to discounts on BitMEX transaction fees and other benefits offered.
In May, the US Commodity Futures Trading Commission (CFTC) fined three BitMEX founders $10 million each for violating anti-money laundering (AML) requirements and received suspended prison sentences.
Prosecutors said the company failed to carry out KYC operations for its US customers, allowing the platform to be effective in money laundering, processing up to $209 million in suspicious transactions.Read:Decentralized Funding Coin Built on Ethereum Rise 200% in 1 Week…For These Reasons!
Last August, BitMEX agreed to pay $100 million to settle years of civil charges that allowed illegal transactions and violated anti-money laundering rules.
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