BitMEX Expands BMEX Token Utility with Enhanced Staking Rewards and Reduced Trading Fees

MAHE, Seychelles, April 01, 2025 (GLOBE NEWSWIRE) -- BitMEX, the OG crypto derivatives exchange, today announced significant enhancements to its BMEX Token ecosystem

Crypto derivatives exchange BitMEX has announced a substantial upgrade to its BMEX Token ecosystem, introducing higher staking rewards, reduced trading fees, and expanded token utility, designed to provide greater value and flexibility for traders on the platform.

Crypto derivatives exchange BitMEX has announced a substantial upgrade to its BMEX Token ecosystem, introducing higher staking rewards, reduced trading fees, and expanded token utility, designed to provide greater value and flexibility for traders on the platform.

These latest updates to BMEX include:

* Increased Staking Rewards: To reward users for their long-term commitment, BitMEX has raised the APY for staking BMEX to 12%. This allows users to maximize returns on their tokens. Previously, the platform offered a 5% APY for staking its token.

* Lower Access to Competitive Fee Tiers: BitMEX is lowering the required trading volume to reach the lower trading fee tiers. This change aims to provide new and smaller traders with better access to competitive trading fee structures, allowing them to optimize their trading costs.

* *New Token Incentives: BitMEX will introduce additional token incentives to reward traders for specific activities on the platform, such as trading different instruments or referring new users. These new incentives aim to encourage traders to explore the full scope of BitMEX’s offerings and contribute to the growth of the exchange.

“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 the BMEX Token structure include:

* Higher Staking Rewards: BitMEX is boosting the APY for staking BMEX to 12%. This move is designed to provide traders with greater incentives to stake their tokens in the long term and contribute to the stability of the platform.

* Lower Trading Fee Tiers: BitMEX is adjusting the required trading volume to reach the lower trading fee tiers. This change aims to provide new and smaller traders with better access to competitive trading fee structures, allowing them to optimise their trading costs. To achieve the lowest trading fee tier, traders must trade at least 50 lots per quarter. A lot is defined as 100,000 units of the underlying instrument.

* New Token Incentives: In addition to existing benefits, BitMEX will be introducing new token incentives to reward traders for specific activities on the platform, such as trading different instruments or referring new users. These new incentives aim to encourage traders to explore the full scope of BitMEX’s offerings and contribute to the growth of the exchange.

BMEX, the native utility of the BitMEX exchange, is designed to fuel traders' financial growth through staking rewards, trading fee discounts, withdrawal fee refunds, and exclusive privileges. The token's benefits are further enhanced by BitMEX's monthly token burn programme, which drives long-term demand and ecosystem growth.

For more details on the revamped BMEX structure, visit here. Additionally, new and returning traders on BitMEX can enjoy up to $5,000 in BMEX airdrops within their first 30 days. You can sign up here.

About BitMEX

BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.

BitMEX was also one of the first exchanges to publish their on-chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter, Discord, and its online communities. For further inquiries, please contact press@bitmex.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ca560c62-a114-45d8-9b4b-3a7eff9d6070