BitMart Announces Listing of BitMart Token (BMX) on Its P2P Marketplace with Limited Time Zero Fees

BitMart Exchange
3 min readMay 14, 2024

BitMart, a leading cryptocurrency exchange platform, announced that the BitMart Token (BMX) was listed on its Peer-to-Peer (P2P) Marketplace. BitMart Token (BMX) is an ERC-20 token issued by BitMart with an issuance of 1,000,000,000 tokens.

P2P trading offers numerous advantages for cryptocurrency enthusiasts, providing a wide range of trade options and flexibility in payment methods. BitMart’s P2P Marketplace allows users to access multiple sellers with varying exchange rates and payment options, while sellers gain access to a larger pool of potential buyers. One of the key advantages of BitMart’s P2P trading is the availability of multiple payment options. Users can make payments through various wallets, bank accounts, or choose face-to-face transactions, enhancing convenience and accessibility.

Furthermore, for a limited time, there are zero fees for buying and selling using various local payment methods, making transactions even more accessible and cost-effective. The P2P marketplace also features a user-friendly interface that simplifies the transaction process for users. This design eliminates concerns about complex fees and restrictions, thereby further enhancing the user experience.

In February, BMX was successfully listed on KuCoin, a move aimed at further enhancing the liquidity of the BMX token and strengthening its value in the overall ecosystem. In March, BitMart deepened its collaboration with cryptocurrency payment infrastructure provider Banxa to launch a fiat-to-BMX seamless purchase service for its global users.

Currently, BMX holders can use BMX to pay for BitMart platform fees and enjoy a 25% discount. Additionally, BMX holders can participate in various platform activities such as Launchpad, Vote Listing, Vote-to-Earn II NFT issuance, and more. Starting in 2024, the BMX ecosystem will enter a new phase of development. BMX will play a more central role in the ecosystem’s wallets, DEX, and other infrastructure, serving both as a value asset and a utility token.

Looking to the future, the BMX ecosystem plans to launch a brand-new Layer 2, where BMX will be used as Gas for paying transaction fees and smart contract operations. The long-term vision of the BMX ecosystem is to establish a comprehensive ecosystem that encompasses technology, products, and users. As the ecosystem continues to develop and expand, BMX is expected to have a wider range of applications and a growing market presence.

About BitMart

BitMart is the premier global digital asset trading platform. With millions of users worldwide and ranked among the top crypto exchanges on CoinGecko, it currently offers 1,000+ trading pairs with competitive trading fees. Constantly evolving and growing, BitMart is interested in crypto’s potential to drive innovation and promote financial inclusion. To learn more about BitMart, visit its website, follow its X (Twitter) or join its Telegram for updates, news and promotions. Be sure to download the BitMart App to easily trade your favorite crypto anytime, anywhere.

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