The Gibraltar Blockchain Exchange (GBX) just added NEM’s XEM token to its Digital Asset Exchange (GBX-DAX). XEM was brought to the GBX-DAX by the Sponsor Firm Techemy and will have trading pairs with USD, BTC, and ETH on the GBX-DAX.
Six new tokens have already been listed on the exchange since the beginning of 2019, including ICNQ, Stellar Lumens XLM, Tron (TRX), Ripple XRP, OST, and EOS. The exchange officially launched to the public in July 2018.
Nick Cowan, Managing Director and Founder of the GSX (Gibraltar Stock Exchange) Group Limited said:
The NEM project is spearheading the drive for mass adoption of blockchain and digital assets by reducing the cost and barriers to entry for established enterprises — a goal that is reflected in our own objectives. The listing of XEM on the GBX-DAX is further demonstration of our commitment to introducing strong, viable trading opportunities to our community of users.
Fran Strajnar, Chairman of Techemy Group commented:
Techemy Advisory partnered with GBX last year and we are delighted to see our first sponsorship listing to be such a high calibre asset as XEM. We have been carefully watching the NEM ecosystem and see longevity in their protocol developments and its adoption in the months and years ahead.
David Mansell, Co-Founder and Director at NEM Ventures added:
We are delighted to have XEM listed on the GBX, as a regulated exchange, with insurance. It is a great opportunity for the NEM community to trade XEM and safely store their digital assets with confidence. We believe the NEM project is key to bringing about greater Blockchain adoption, their core values are aligned with those of GBX and we look forward to building a tokenised future together.
As we continue to add to our diverse range of tokens listed on the GBX-DAX, we are identifying the tokens that will bring real value to our community of users, while also accelerating the overarching goals of the GSX Group. We are making steady progress on our roadmap to facilitating global mass adoption of a tokenised economy backed by innovative blockchain technology,” concluded Cowan.