/_next/static/media/1INCH.f548940e.svg-price-marquee1INCH/_next/static/media/AAVE.8bdc1e23.svg-price-marqueeAAVE/_next/static/media/ADA.2b5390d0.svg-price-marqueeADA/_next/static/media/ALGO.429e26b9.svg-price-marqueeALGO/_next/static/media/APE.2bb07d55.svg-price-marqueeAPE/_next/static/media/ARB.c374ca89.svg-price-marqueeARB/_next/static/media/ATOM.6448b1ae.svg-price-marqueeATOM/_next/static/media/AVAX.3692f54e.svg-price-marqueeAVAX/_next/static/media/BAND.93829565.svg-price-marqueeBAND/_next/static/media/BAT.2f77ff6a.svg-price-marqueeBAT/_next/static/media/BCH.1ef8a5da.svg-price-marqueeBCH/_next/static/media/BTC.8fa897a7.svg-price-marqueeBTC/_next/static/media/CELO.c557cee5.svg-price-marqueeCELO/_next/static/media/COMP.9a95d2d2.svg-price-marqueeCOMP/_next/static/media/COVAL.9cb46e85.svg-price-marqueeCOVAL/_next/static/media/CRV.d2867970.svg-price-marqueeCRV/_next/static/media/DAI.1ec2c1f1.svg-price-marqueeDAI/_next/static/media/DNA.60f3295e.svg-price-marqueeDNA/_next/static/media/DOT.2c404454.svg-price-marqueeDOT/_next/static/media/ENJ.95d6f2b3.svg-price-marqueeENJ/_next/static/media/ETH.7f19530c.svg-price-marqueeETH/_next/static/media/FLUX.a18e8fe1.svg-price-marqueeFLUX/_next/static/media/GRT.86b53d4f.svg-price-marqueeGRT/_next/static/media/HBAR.53be5454.svg-price-marqueeHBAR/_next/static/media/HTR.9e688fdb.svg-price-marqueeHTR/_next/static/media/KDA.6a0e5424.svg-price-marqueeKDA/_next/static/media/KSM.e3d7cee5.svg-price-marqueeKSM/_next/static/media/LINK.b45559ae.svg-price-marqueeLINK/_next/static/media/LRC.7dc6e3a4.svg-price-marqueeLRC/_next/static/media/LTC.f25eedcc.svg-price-marqueeLTC/_next/static/media/LTO.f7cdcd13.svg-price-marqueeLTO/_next/static/media/MANA.5a8eb80d.svg-price-marqueeMANA/_next/static/media/MATIC.e5d1467d.svg-price-marqueeMATIC/_next/static/media/MKR.3b4a857b.svg-price-marqueeMKR/_next/static/media/NEAR.d8e4a184.svg-price-marqueeNEAR/_next/static/media/NMR.c3e8608d.svg-price-marqueeNMR/_next/static/media/NOIA.fad17fe6.svg-price-marqueeNOIA/_next/static/media/NXRA.41b00fc1.svg-price-marqueeNXRA/_next/static/media/OCEAN.428884dd.svg-price-marqueeOCEAN/_next/static/media/OMG.1aab174f.svg-price-marqueeOMG/_next/static/media/OP.3f626481.svg-price-marqueeOP/_next/static/media/PRQ.b3bbb60f.svg-price-marqueePRQ/_next/static/media/PRQB.00884b40.svg-price-marqueePRQB/_next/static/media/QNT.ac30c15d.svg-price-marqueeQNT/_next/static/media/QRDO.d3f40a4b.svg-price-marqueeQRDO/_next/static/media/SAND.6b1ccaff.svg-price-marqueeSAND/_next/static/media/SNX.7018836b.svg-price-marqueeSNX/_next/static/media/SUSHI.c550036f.svg-price-marqueeSUSHI/_next/static/media/THT.d0ae324c.svg-price-marqueeTHT/_next/static/media/UNI.d6228c4e.svg-price-marqueeUNI/_next/static/media/UOS.2890b316.svg-price-marqueeUOS/_next/static/media/USDC.e8d8597d.svg-price-marqueeUSDC/_next/static/media/VSP.d65cacc5.svg-price-marqueeVSP/_next/static/media/VXV.d0b97bcd.svg-price-marqueeVXV/_next/static/media/WHL.67715cfb.svg-price-marqueeWHL/_next/static/media/XCM.5e3640ca.svg-price-marqueeXCM/_next/static/media/XLM.d1f43c2e.svg-price-marqueeXLM/_next/static/media/XRP.915611ce.svg-price-marqueeXRP/_next/static/media/XTZ.14b588ea.svg-price-marqueeXTZ
Go back to home

Coinmetro

I'm new to crypto!

XCM Price Floor Update

by Kamil S

Share

We’ve got some important news to share.

There will be several updates to the XCM token within the CoinMetro ecosystem ready for expanded utility and adoption.

Firstly, we will be introducing increased limits for XCM on the exchange as organic liquidity has grown along with demand. We have many small funds and wealthy individuals showing interest who have tried to buy large amounts of XCM but have been met with limitations. We recognise the need to increase these limits.

Market orders currently 50k XCM  – This will be increased to 100k

Margin exposure currently 50k  – This will be increased to 100k

This will allow traders to quickly enter larger positions in either direction and should help boost volumes even further, along with solving the problem many may face when trying to buy large amounts of XCM. 

Secondly, we will be moving the XCM floor price to €0.03 to reflect the significant growth in the company. All clients with buy limit orders under €0.03 have been contacted and provided with 48 hours notice to remove/amend their buy orders to the new floor price or higher.

During a 48 hour window starting from 1pm UTC 9th December, users will still be able to place sell orders (market/limit) under €0.03. This is to ensure that any XCM holders who need to sell are able to exit the market even at the lower price. At 1pm UTC on Friday 10th December any remaining buy orders under €0.03 will be cancelled. 

We will monitor the order book on an ongoing basis and ensure there is liquidity to support the additional services that we are looking to add to the platform, which have a strong relationship with XCM.

We are always looking to protect our clients and ensure there is a healthy trading environment. Over time the limits will be increased further with a long term vision to remove all limits as liquidity and volume grows. 

Coming soon:

XCM Staking 

XCM as collateral on Margin 

XCM as Collateral on Copy Trading  

XCM sat at 0.03 for some time and was very stable, so we have carefully picked a fair floor price after months of analysis. If you have any questions, contact oursupport team for 24/7 assistance.

0

Related Articles

NFT Art Galleries: Revolutionizing Digital Art Ownership

NFT art galleries have seen significant growth, with the market for NFTs projected to reach over $80 billion by 2025, according to a report by…

Intermediate
Metaverse, Web3, NFT

6m

The Evolution of Synthetic Assets in DeFi: Opportunities and Risks

The decentralized finance (DeFi) market has seen explosive growth, surging from $1 billion in total value locked (TVL) in early 2020 to $100 billion…

Advanced
Financial competence

7m

Smart Contract Vulnerabilities: Case Studies of Major Exploits

Smart contracts are automated agreements embedded in blockchain technology. They execute the terms of a contract when certain conditions are met,…

Intermediate
Security & Privacy

7m

Decentralized File Storage Solutions: IPFS & Filecoin

Decentralized file storage distributes data across multiple physical locations, often managed by different entities. Unlike traditional file…

Intermediate
Crypto & blockchain

8m