NEM [XEM] now available for trading on Bitpanda, European Exchange

Here you go! Now the users of Bitpanda which is a European exchange can now trade in NEM [XEM] cryptocurrency. The news came to limelight when Bitpanda in August confirmed that they will soon trade with XEM on their platform.

Bitpanda GmbH is a firm that provides fintech services based in Vienna, Austria that is expertise in buying and selling of the Bitcoin and other related cryptocurrencies.

The point to be noted is that the platform has rapidly marked their presence in Europe by becoming the country’s number one broker having a volume of around 850,000 users in the cryptocurrencies sphere.

The website of Bitpanda, that is the ‘Bitpanda.com’ is completely an automated board. The moment your payment is done it automatically displays to the receiver’s account. With this, the customers can utilize the fastest services with advanced technologies.

As per the CoinMarketCap XEM is ranked at 17th position on the cryptocurrency list having a market capitalization of around $876 million with a price of $0.09.

On August 14 Bitpanda announced that they are planning to list XEM on their platform XEM witnessed a hike in its price as the currency was regulating with a market capitalization of $1 billion depicting the price at $0.12 by August 18.

Let’s get brush up with the NEM platform it is basically a distributed tech platform that works with the ‘permissioned private blockchain’. The platform most probably delivers the firms leading payment rates for the internal and private ledgers.

The Proof of Importance (POI) consensus plays a vital role on the NEM platform. The platform has the algorithm that actively uses the network protocol in order to allocate to rate the individual’s account and their significance in the network.

XEM, last week was listed on Coinspot, a trading platform famous in Australia. In addition, the Coinspot also collaborated with the NEM foundation to make the growth of the blockchain and the cryptocurrencies ecosystem in the nation.

The comments made by the crypto users and the enthusiast demarcates their happiness for the platform. The users are free to trade with XEM on the European trading platform, Bitpanda.