BitMEX Expands BMEX Token Ecosystem with Higher Staking Rewards, Reduced Trading Fees, and New Utility

BitMEX, the OG crypto derivatives exchange, today announced significant enhancements to its BMEX Token ecosystem, introducing higher staking rewards

Crypto exchange BitMEX is boosting its BMEX Token with higher staking rewards, reduced trading fees, and expanded token utility.

Traders can now enjoy a 50% increase in BMEX staking rewards, up to 70% off trading fees, yield-generating airdrops, and more.

These updates build on the existing benefits of the BMEX Token, which include trading fee discounts, withdrawal fee refunds, and exclusive privileges.

“The BMEX Token is a cornerstone of our ecosystem and the expansion of BMEX’s utility reflects our ongoing commitment to rewarding our users,” said Stephan Lutz, CEO of BitMEX.

“By increasing staking rewards, lowering access to competitive fee tiers and introducing new token incentives, we are empowering traders with more opportunities to optimise their trading experience on our platform.”

The latest updates to BMEX include:

• Increased staking rewards: The staking rewards for BMEX have been significantly increased, providing traders with greater returns on their tokens.

• Reduced trading fees: BitMEX has expanded its competitive fee tiers, allowing traders to access lower trading fees as they increase their trading volume. The new structure also provides a 50% discount on standard trading fees for all traders who hold at least 0.5 BMEX and pay in BMEX.

• liquidity provider program.

• Higher trading tier benefits: The Vivid tier, previously offering a 30% trading fee discount, now offers up to 70% off standard trading fees. At the Empress tier, traders can enjoy a 60% discount on standard trading fees and 25% on liquidity provider fees.

• Yield-generating airdrops: BitMEX will be airdropping BMEX tokens to users who register for an account and complete simple tasks. New traders can earn up to $5,000 in BMEX over their first 30 days on the platform.

These updates to the BMEX Token are part of BitMEX’s broader strategy to provide traders with a best-in-class trading experience.

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