Crypto trading platform Bitmex has announced the launch of its own native cryptocurrency called “BMEX”, following a number of crypto platforms that have issued exchange tokens. According to the company, a user who registers and completes the KYC process will receive five BMEX coins and ten Tethers. Bitmex to Airdrop BMEX Tokens to Registered and KYC Processed Users On Tuesday, crypto exchange Bitmex announced the minting of its own token called BMEX. The digital currency exchange said on Twitter that the newly minted asset is a “sign of true believers.” Bitmex is an exchange founded in 2014 by It was founded by Arthur Hayes, Ben Delo and Samuel Reed. It...
Crypto trading platform Bitmex has announced the launch of its own native cryptocurrency called “BMEX”, following a number of crypto platforms that have issued exchange tokens. According to the company, a user who registers and completes the KYC process will receive five BMEX coins and ten Tethers.
On Tuesday, the crypto exchange Bitmex announced the minting of its own token called BMEX. The digital money exchange said on Twitter that the newly minted asset is a “sign of true believers.” Bitmex is an exchange founded in 2014 by was founded Arthur Hayes, Ben Delo and Samuel Reed. There are multiple ways to get the BMEX token and one way is to register as a new user and complete the KYC process. People who do this will receive five BMEX and ten Tether ( USDT ) tokens.
Bitmex says the company will send coins to existing and new users by February 1, 2022. Users can also earn BMEX by trading on the exchange or referring at least three friends to register. Referrals will give one person 15 BMEX tokens if one person can get three people to register and complete Bitmex's KYC process. According to the announcement, traders can save up to 25% on trading by using BMEX tokens.
Bitmex follows a long list of trading platforms such as FTX, Binance, Coinflex and others that have launched exchange tokens. Bitmex states that BMEX will begin trading in the second quarter of 2022, and the company will also develop the coin’s tokenomics. Following the announcement, some people registered to claim their rewards but faced problems. Bitmex then disclosed that there were “some temporary delays in account creation and” USDT Deposit addresses.”
Another person jokingly wrote that Bitmex was a few years late to the game when it came to releasing exchange tokens. “4 years late, but nice try,” the individual said in response to Bitmex's BMEX announcement tweet. Another person wrote: “Do I get a token for every liquidation notice?”
Bitmex has had some problems, such as the founders being charged with violating the US Bank Secrecy Act. Reed was arrested, Hayes turned himself in and so did Delo has presented itself to the authorities. When Hayes turned himself in, he was released on bail and all three co-founders are scheduled to appear at a trial scheduled for March 28, 2022 in New York.
What do you think about Bitmex airdropping a token called BMEX? Let us know your thoughts on this topic in the comments below.
Photo credits: Shutterstock, Pixabay, Wiki Commons
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