If you could in a few sentences describe what makes NEM’s blockchain technology different, what would you say? Lon Wong, President, NEM Foundation Lon Wong, President of the NEM Foundation provided CryptoNinjas with more insight into the launch of the NEM dedicated exchange: These companies will be incubated in the new Blockchain Center co-working space in Kuala Lumpur, Malaysia, recently opened as an initiative of the NEM Foundation and Blockchain Global. The NEM Foundation is expected to spend around USD $40 million in the next year to fund its global expansion programs and is planning to allocate USD $5 million towards supporting blockchain companies. “We hope this cutting-edge NEM Exchange will pave the way for more world-leading cryptocurrencies to take control of their future with their own cryptocurrency trading platforms.” William Saunders, Business Development Manager from Blockchain Global said: We’re excited for NEM to leverage our exchange, Blockchain IP and know-how to spearhead the development of this platform with more cryptocurrency exchanges to follow.”īitcoin, with about 45% market share of the $110 billion cryptocurrency market cap, is the most commonly traded cryptocurrency, but this exchange will feature the XEM token with more coins to follow, allowing NEM Foundation to take control of developing their smart asset offering. “There is no one else in Australia building cryptocurrency exchanges, and this partnership places us at the forefront of Australia’s fintech innovation in this cryptocurrency space. In one year, ACX had rapidly grown to dominate 70% of Australia’s bitcoin exchange market share by offering customers deep liquidity, competitive prices, and no trading fees when buying and selling bitcoins. The NEM exchange will be built by white-label technology powering Blockchain Global’s Australian Cryptocurrency Exchange (ACX), which is Australia’s largest bitcoin exchange by volume, with over AUD $600 million bitcoins traded to date. With the global cryptocurrency ecosystem bursting at the seams, we want to make sure businesses using NEM’s smart asset offering are not set back by the inability of global cryptocurrency exchanges keep up with demand.” “This NEM exchange is the world’s first cryptocurrency exchange of its kind and we’re looking forward to working with Blockchain Global to build it. Lon Wong, President of NEM Foundation said: The partnership between the organizations was first announced last month and the exchange is the initial development of the collaboration’s expansion plan. Blockchain Global, an Australian blockchain company, today announced it will power the first dedicated exchange to be built exclusively for the NEM ecosystem and native crypto-asset (XEM), which has a market share of USD $1.4 billion and is currently the sixth most valuable blockchain token in market cap.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |