Crypto exchange Coinex will pay out long-term dividends, interest, in bitcoin cash (BCH) for coinex token (CET) holders, according to its website announcement. “If your CET holdings are on Coinex, we’ll calculate the dividends into BCH and allocate directly to your accounts,” the company explained.
Coinex to Pay Out Long-Term Interest in Bitcoin Cash
What began as a widely circulated subreddit rumor appears to be confirmed. Cryptocurrency exchange Coinex will be paying out long-term dividends, or interest, in BCH for their CET holders, according to the company’s website.
Hong Kong-based Coinex, of which mining giant Bitmain is an investor, is a relatively young exchange, offering a range of crypto assets to be traded against the likes of BCH, bitcoin core (BTC), ether (ETH), and tether (USDT). It has a native token, CET, which can be traded against the others as well. Market makers are not charged a fee, while market takers pay a somewhat low 0.10% on trades. Coinex also processes over-the-counter trades and offers referral rewards. They employ a transparent method of token distribution, as all transaction fees collected and how they are distributed are displayed on the site in real-time.