XEM is the native cryptocurrency of the NEM blockchain. It is used to settle transactions, pay fees and participate in network management. XEM can also be used to create private tokens and other digital assets.
NEM (XEM), which fell 30% in the last 24-hour period and at the time of writing, was among the day's top decliners. The world's largest cryptocurrency exchange announced that it will delist 4 altcoins from spot and futures trading. XEM, which is among the four altcoins, may have caused a drop in price after the announcement.
