Wednesday 5 April, will mark a milestone for BitMEX, when BMEX Tokens begin trading on Gate.io – the first exchange outside of BitMEX, to list our token.
From 05:00 UTC, Gate.io traders will be able to buy and sell BMEX – via a BMEX/USDT spot pair – on their Spot Exchange.
BitMEX users will continue to be able to trade BMEX either via BitMEX Spot and BitMEX Convert. As well as going long or short on BMEX – via our BMEXUSD and BMEXUSDT listings – and with up to 50x leverage.
The listing of BMEX on Gate.io aligns with our ongoing focus to grow and enhance the utility ecosystem for BMEX holders, with more listings on other exchanges to come soon.
For more on Gate.io’s upcoming listing, BMEX Tokens and the offers available for traders in celebration of this milestone, read on.
If you haven’t yet created a BitMEX account, you can do so here.
Celebration Offer: Win up to 10,000 BMEX Tokens
To celebrate the start of BMEX trading on Gate.io, users who join our Trading Competition (further details to follow) will stand the chance to win up to 10,000 BMEX (and bragging rights). Winners will be those with the highest PnL within the competition time frame*.
Key times and dates:
- BMEX deposits on Gate.io will be supported from 02:00 UTC on 4 April 2023.
- The BMEX/USDT spot pair will begin trading on Gate.io at 05:00 UTC on 5 April 2023 here.
- The BitMEX Trading Competition will begin on 5 April 2023 at 12:00 UTC and end on 11 April 2023 at 12:00 UTC.
Gate.io BMEX/USDT Spot Pair Specs
- Symbol: BMEX_USDT
- Underlying currency: BMEX
- Quote currency: USDT
- Lot size: 1
- Tick size: 0.001
For more info on the Gate.io listing specifications, read this.
For all info about BMEX spot and perpetual listings at BitMEX, read this.
More About BMEX, the BitMEX Token
BitMEX exists to provide institutional and professional traders with a cryptocurrency exchange platform that caters to their needs including lower latency, better liquidity and availability.
The BMEX Token was created for those who truly believe in the power of digital assets, and designed to fuel their financial potential through benefits including trading fee discounts, withdrawal fee refunds, VIP services, and more.
On 11 November 2022, BMEX’s launch marked a new chapter for BitMEX and our users – our true believers.
Since the launch, we’ve continued to grow and enhance the BMEX utility ecosystem for token holders – by introducing even better fee discounts and maker rebates, withdrawal fee waivers, and monthly token burning.
BMEX listing on Gate.io is another chapter for BMEX.
Key Features of the BMEX Token
The BitMEX Token (BMEX) is our utility token, designed to incentivise participation within the BitMEX ecosystem and reward traders via a range of benefits:
- Taker fee discounts of up to 15%
- Maker rebates of up to 0.004%
- Refunds on withdrawal fees
- Accelerated scarcity via the monthly buying and burning of BMEX
- The amount of BMEX eligible for buying and burning are:
- 4% of the Net Fee from derivatives markets
- 8% of the Net Fee from spot markets
- 50% of the Net Fee from BMEX Token trading pairs (on the BitMEX Derivatives & Spot Markets)
- The amount of BMEX eligible for buying and burning are:
- Exclusive privileges and experiences, such as early product access, BitMEX SWAG, and tickets to sporting events
Further details on our token utilities – including the BMEX Token vesting schedule and allocation – can be found in our Litepaper.
About Gate.io
Gate.io is seen as a leader in the altcoin space, and has been operating reliably and stably for over 10 years. Similar to BitMEX, Gate.io is one of the world’s original cryptocurrency exchanges. It also shares strict operational guidelines, complying with regulatory requirements and stance against market manipulation.
Those seeking to learn more about trading BMEX on Gate.io can visit the Help Centre or contact their Support team.
To be the first to know about new BMEX Token listings and giveaways, connect with us on Discord, Telegram, and Twitter. If you have any questions in the meantime, get in touch with Support.
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