The cryptocurrency trading platform Bitmex has announced the launch of its own original cryptocurrency called “BMEX”, following a series of crypto platforms that have issued exchange tokens. According to the company, the user who registers and completes the KYC process will receive five BMEX coins and ten tethers.
Bitmex will issue BMEX tokens to registered and KYC processed users
On Tuesday, the crypto exchange Bitmex announced forging its own token called BMEX. Digital currency exchange he said on Twitter that the newly minted property is a “sign for true believers”. Bitmex is a stock exchange they founded in 2014 Arthur Hayes, Ben Delo and Samuel Reed. There are several ways to get a BMEX token, and one way is to register as a new user and complete the KYC process. People who do this will get five BMEX and ten tether (USDT) tokens.
Bitmex says the company will deliver coins to existing and new customers by February 1, 2022. Users can also earn BMEX by trading on the stock exchange or recommending at least three friends to register. Referrals will get a person 15 BMEX tokens if a 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 using BMEX tokens.
Bitmex is late for the Exchange Token Party
Bitmex follows a long list of trading platforms such as FTX, Binance, Coinflex and others that have introduced exchange tokens. Bitmex states that BMEX will start trading in the second quarter of 2022, and the company will also explain the coin token. After the announcement, several people applied to receive their awards, but had problems. Bitmex then discovered that there were “some occasional delays in creating accounts and USDT deposit addresses. ”
Another individual jokingly wrote that Bitmex was several years late in the game when it came to issuing exchange tokens. “4 years late, but a good try”, individual he said in response to Bitmex’s BMEX announcement tweet. Another person wrote: “Do I receive a token for each liquidation notice?”
Bitmex has had several problems such as the founders accused of violating the U.S. Banking Secrecy Act. Reed was arrested, Hayes surrendered, and so did Delo surrendered authorities. When Hayes surrendered, he was released on bail, and all three co-founders are due to appear at a trial scheduled for March 28, 2022 in New York City.
What do you think about Bitmex dropping a token called BMEX? Tell us what you think about this topic in the comments section below.
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