Australia’s Blockchain Global has just announced that it is set to power the first dedicated cryptocurrency exchange platform for the NEM Foundation, built exclusively for trading of the NEM cryptocurrency (XEM).
“This NEM exchange is the world’s first cryptocurrency exchange of its kind and we’re looking forward to working with Blockchain Global to build it,” said Lon Wong, President of NEM Foundation.
The NEM exchange will be built by white-labelling the technology powering Blockchain Global’s Australian Cryptocurrency Exchange (ACX), which claims to be Australia’s largest bitcoin exchange by volume, with over $A600 million traded to date.
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“There is no one else in Australia building cryptocurrency exchanges, and this partnership places us at the forefront of Australia’s fintech innovation in this cryptocurrency space,” said Sam Lee, CEO of Blockchain Global.
“We’re excited for NEM to leverage our exchange, Blockchain IP and know-how to spearhead the development of this platform with more cryptocurrency exchanges to follow,” said Lee.
“We hope this cutting-edge NEM Exchange will pave the way for more world-leading cryptocurrencies to take control of their future with their own cryptocurrency trading platforms,” said William Saunders, Business Development Manager at Blockchain Global.
“With the global cryptocurrency ecosystem bursting at the seams, we want to make sure businesses using NEM’s smart asset offering are not set back by the inability of global cryptocurrency exchanges keep up with demand,” added Wong.