NEM Arbitrage in US Dollar
XEM Cryptocurrency arbitrage refers to the process of instantly trading one or more pairs of digital tokens or other cryptocurrency assets denominated in USD in order to generate risk-free profit.
Macroaxis provides an easy way to lookup arbitrage opportunities across multiple exchanges using arbitrage table for a given base currency.
| Base Currency | US Dollar | Coin | NEM | All Cryptos | Correlation |
Unable to build a meaningful arbitrage cloud for XEM with USD as a base currency. Please select another coin or pick a different base currency. NEM is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 8 exchanges in multiple currencies. NEM is a blockchain platform that was launched in 2015 and aimed to improve on the imperfections of other chains at the time. It was one of the first non-turing complete chains to offer user-defined tokens, namespaces, multisignature accounts, and a P2P reputation system. It introduced the proof-of-importance consensus mechanism to reward on-chain activity and deter wealth concentration. NEM's client, NIS, is written in Java. In 2021, NEM was hard forked by a team aiming to turn it into the world's leading payments platform for on-chain and off-chain media content.