Today marks another major milestone for New Economy Movement (XEM) as it gets listed on the largest cryptocurrency exchange in South Korea. Although the exchange had earlier indicated that the listing time may change depending on the market, they have just indicated on their official Twitter account that NEM (XEM) deposits are now available.
Bithumb, the largest cryptocurrency exchange in South Korea, indicated that NEM will also be available on Bithumb PRO. To help kickstart the trading of the new listing, Bithumb indicated that they will ‘run a 1% pay-back event if you deposit and trade newly listed cryptocurrency.’ Withdrawals will be allowed at a later date.
The exchange cautioned that when using ERC-20 tokens, the transaction speed will depend on the status of the network.
The reward for trading in NEM will be availed on Friday the 29th of this month. To ensure that you get the giveaway, you will have to generate the deposit address when you deposit NEM (XEM).
A few hours before being listed on the largest cryptocurrency exchange in South Korea, XEM had started showing signs of recovering from a massive beating it received from the bears. The token currently trades at a price of $0.27 which indicates a percentage increase of 6.82% according to coinmarketcap.
NEM (XEM) was not listed on the largest cryptocurrency exchange in South Korea alone.
Aeternity enthusiasts will also be treated to the same delicacy from Bithumb as NEM enthusiast. The same giveaways that early NEM traders will enjoy will also be replicated to those who will take the first lane in trading Aeternity (AE) on Bithumb.
Recently, the Korean Financial supervisory Services published an audit report which revealed that the crypto exchange was holding 6 billion worth of digital tokens by the end of 2017 and recorded a profit of more than 500 billion won.
Do you think XEM being listed on the largest cryptocurrency exchange in South Korea will help the coin recover fully from the effects of the bearish forces?
Let us know your thoughts in the comment section below.