XEM, NEM’s native cryptocurrency, is now listed on bitFlyer

CryptoMode NEM XEM

Tokyo, Japan – 6th August 2020 – XEM, NEM NIS1’s native cryptocurrency, is now listed on bitFlyer, one of Japan’s largest cryptocurrency exchanges. The listing will enable NEM’s extensive Japanese community to benefit from the liquidity of the bitFlyer platform.

XEM is the native cryptocurrency of NEM NIS1, the original blockchain offering from NEM which launched in 2015. With the highly anticipated launch of  Symbol from NEM, the next-generation enterprise-grade blockchain solution, the Symbol chain will be introduced in parallel with NEM NIS1 to give XEM holders agency through the migration. By opting-in, XEM holders will obtain an XYM balance equal to their XEM balance at the time of the snapshot,  a predetermined time when users’ XEM balance across the NEM blockchain will be recorded. As a result, XEM holders will be able to participate in the launch of Symbol with a 1 XEM = 1 XYM allocation at snapshot later this year.

Iain Wilson, Chief Financial Officer of NEM Group and Managing Director of NEM Trading, commented, “Our Japanese community has played an instrumental role in the growth of the NEM ecosystem over the last five years. This listing will promote further momentum and growth of the community, both in Japan and beyond. We’re delighted that bitFlyer, one of the most established and trusted exchanges in Japan, has decided to list XEM. This decision deepens their involvement in both NIS1 and Symbol, and brings increased liquidity to our community.”

Symbol is the next-generation enterprise-grade blockchain solution from NEM, purpose-built to help businesses cut costs, reduce complexities, and streamline innovation. With major upgrades in flexibility, security, speed and ease of use, the Symbol platform is the best-in-class blockchain enterprise solution.

About NEM Group

NEM Group supports the development of Symbol from NEM, a trusted and secure enterprise blockchain that smooths business friction, increasing the flow of data and innovation to supercharge the creation, exchange and protection of assets.

NEM Group comprises three separate entities: NEM Software, NEM Trading, and NEM Ventures. NEM Group shapes the future of blockchain by nurturing a strong and healthy ecosystem that will contribute to the development of blockchain technology for generations to come.

About bitFlyer

bitFlyer is a Bitcoin exchange and marketplace that is dedicated to providing its customers with convenient and exciting ways to buy, sell, and spend Bitcoin and other virtual currencies.

Alongside JADA, the Japan Authority of Digital Assets, bitFlyer hopes to spread the usage of Bitcoin in Japan and around the world, making the process to buy, sell, and spend Bitcoins streamlined and seamless.

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