Blockchain Global, an Australia-based bitcoin miner in addition to central that develops bitcoin blockchain software, volition launch the kickoff dedicated NEMFoundation exchange, according to Finance Magnates. Blockchain Global’s central claims to accept traded to a greater extent than than $A600 meg to date.
NEM is currently the 5th largest cryptocurrency, amongst to a greater extent than than $1.5 billion inward marketplace capitalization, according to coinmarketcap.com.
Sam Lee, CEO of Blockchain Global, said the partnership puts his central at the forefront of cryptocurrency project design since no i else inward Commonwealth of Australia is edifice exchanges. Lee said Blockchain Global is excited to accept NEM leverage its exchange, blockchain IP in addition to know-how to Pb the platform’s development, amongst to a greater extent than cryptocurrency exchanges to come.
More Platforms to Come
William Saunders, Blockchain Global’s draw organisation evolution manager, said the NEM central volition pave the agency for to a greater extent than leading cryptocurrencies to seize command of the futurity amongst their ain trading platforms.
Lon Wong, president of the NEM Foundation, said the foundation wants to travel certain that companies using NEM’s smart property offering are non compromised past times other exchanges’ inability to continue upward amongst demand, given that the global cryptocurrencies ecosystem is bursting at the seams.
Also read: NEM gains 500% inward May every bit the 5th largest cryptocurrency; factors & trends
NEM Valuation SoarsNEM has followed crypto marketplace trends this year, making pregnant gains inward recent months. It reached a peak valuation of $2 billion inward May, thence tumbled to $1.1 billion on July xv earlier rebounding to $1.6 billion on July 23, according to coinmarketcap.com. Even the July xv depression was good to a higher house the pre-March valuations, which were less than $100 million.
NEM was initially developed in addition to introduced inward Nippon past times Makoto Takemiya, the co-founder in addition to CEO of Soramitsu, the companionship that introduced the Iroha blockchain projection to the Linux foundation’s Hyperledger Project.
Takemiya’s involvement inward roughly of the largest blockchain projects too every bit the Japanese government’s legalization of bitcoin led to a surge inward involvement inward altcoins such every bit NEM that originated inward Japan. (Takemiya is no longer involved inward the project.)