Binance, one of the most active crypto-only exchanges, has finally listed NEM (XEM) after the clearing of the Coincheck debacle. Deposits are already open for XEM tokens, and trade is available in 3 pairs: XEM/BTC, XEM/ETH, and XEM/BNB. Minimum withdrawal is 8 XEM, the cost is 4 XEM.
— Binance (@binance) March 20, 2018
At the moment, XEM marketplace prices are on the mend, but it is still early to decider the Binance effect. After a low sell-off, XEM rose by more than 15% in the past day, to $0.33, the common cost range. Trading volumes are picking up after the long solidify at Coincheck. There are still no information on the volume for the Binance pairing, but XEM trade has reached a monthly rise of activity.
The smallest sequence value on Binance would be 0.001 BTC, or 0.01 ETH, or 1 BNB. Trading opposite BNB would be vastly more accessible, but pairs would also have varying liquidity.
Until now, the most active trade has been on Bittrex, but comment stipulations have tempered the bearing to XEM for ubiquitous investors. The XEM item still heavily depends on Asian suppositional trading, and stays rarely volatile.
It is probable XEM goes back up to $0.50, as it did a few days ago after Coincheck trade resumed. But the peaks of the silver have been short-lived, and with the ubiquitous marketplace mood still depressed, altcoins might continue to drift.
Lessons from Coincheck
The NEM group recently announced an refurbish on the stolen supports situation. There will be no more tracking of XEM coins, as the Foundation has assisted with ensuring enough information for authorities to serve examine the theft.
“Beginning Mar 18, the NEM.io Foundation has infirm the tracking mosaic that was put into place to guard XEM movements from the Coincheck theft. This bid was effective at shortening the hacker’s ability to repay stolen XEM and supposing law coercion with actionable information.”
After the burglary of potentially traceable coins, the Japanese sell decided to stop trade unknown coins Monero, DASH and ZCash, where in the box of detriment no pill is possible.
Article source: https://cryptovest.com/news/nem-xem-finally-listed-on-binance/