Recently the exchange revealed the initiation of exchange of XYM, a digital currency that belongs to the Symbol blockchain.
HBTC will commence the trading of XYM in multiple stages. XYM submitting will start on the 21st of March, and the withdrawal option will be unlocked the next day, which will be on the 22nd of March. In celebration of the launch, HBTC will also host many promotional events during the week in which XYM traders will be able to earn prizes and rewards by participating in different activities. HBTC is a widely known crypto exchange platform for trading Bitcoin, Ethereum, and Litecoin.
Although HBTC was the first one to reveal the trading of XYM, its movement in the market had already given hints about the launch of the trading of the new coin in the minds of many analysts. The movement included the addition of XYM on the CoinMarketCap website and the airdrop from Huobi Global, which was basically a promotional spread of the currency into several wallet addresses as a marketing strategy to turn heads towards XYM.
Community Reaction
As the trade launch commenced, many XYM long-term community members were also complaining about HBTC being the only one trading XYM and that no other well-known exchanges had taken any measures to launch the trading of XYM.
Some of the community members were also concerned about not receiving any of the XYM they were promised, heating up the matter. Meanwhile, the community members who successfully received their XYM helped calm down the others, asking them to be patient and optimistic as they are not forgotten in any way.
Future of Symbol
The security-orientated platform Symbol is still focused on its mission and does not have any plans to provide better security token offerings as the number of system attacks, and illegal exploits have risen at a substantial rate. Blockchain solutions developer NEM has emphasized that as time passes, the demand for new and improved security solutions will increase.
As we all know, hackers are also working hard in finding different exploiting and hacking methods to breach systems. So, it is necessary to have the latest and update security solutions present to prevent such dangerous attacks. Symbol also focused on working to improve systems to deal with potential users involved in money laundering.
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