[Vraaggesprek] NEM Philippines chief discusses the importance of XEM’s listing on South Korea’s Bithumb and why users vereiste not leave behind the “unique message” when sending XEM to exchanges.
NEM’s XEM tokens experienced some enhanced volatility recently after being listed te South Korea’s largest cryptocurrency exchange, Bithumb.
Te an special vraaggesprek with Bitpinas, NEM Philippines head Emerson Fonseca voiced he and his team’s enthusiasm on the fresh exchange listing. Spil Bithumb is one of the largest exchanges te terms of trading volume, the listing added more exposure and credibility to NEM.
“It adds market exposure for NEM because traders ter Bithumb can now acquire XEMs ter the exchange itself, and it also adds credibility with the public that wij are listed again.” – Mr. Emerson Fonseca, NEM Philippines, Head
Mr. Fonseca also said that not all traders are registered to all exchanges. There are people like him who only joined a few. Spil such, if a user is only registered at Bithumb, it permits that user to purchase XEM without attempting to register to other exchanges.
With the Bithumb listing, Mr. Fonseca reminded traders to take precaution when sending XEM to the exchanges from the NEM Nano Wallet.
“Do not leave behind the “message” linked on a Crypto Exchange. All exchanges have the same NEM address and they only differ on the “unique message” that will identify spil to which exchange the tokens will get sent.”
Bithumb is celebrating the fresh addition of the token with a listing commemoration event. The event targets traders who will trade Aeternity (AE) or Fresh Economy Movement (XEM) and will give 1% payback on all AE or XEM deposit and trades. It will run from June 7, 2018 to June 13, 2018. For more details, you can check Bithumb’s official postbode.
Update: NEM has also bot listed on Singapore’s Bcoin.sg.
* Presently, NEM has the largest trading volume on Korea’s UPbit with $11.1 million XEM/KRW trades. This is followed by Zaif from Japan with $7.Trio million XEM/JPY trades, and Binance from Hong Kong with $Five.Trio million XEM/BTW trades.