You can buy the native coins of Electra Protocol (XEP) on a number of exchanges. The amount of exchanges is still limited, as Electra Protocol was officially launched just in January 2021. Since Electra Protocol is running on its own blockchain, exchanges have to manually connect to this new network, which takes time. As of today, you cannot buy XEP yet on any top 10 exchange like Coinbase, Kraken, or Binance. More exchange listings are planned to happen.
As a result, the liquidity of Electra Protocol is very limited, compared to any global top 20 crypto project, such as Bitcoin or Ethereum. A lack of liquidity means that each buy/sell can make a significant move in the XEP price. Buying a large amount of XEP coins on an exchange for market price can easily move the price up, if you buy coins for a significant US dollar amount (for example 10K USD). That’s why it is suggested to buy XEP coins in batches and not all at once.
What does for the upside, also goes for the downside: A significant buy or sell market order can influence the XEP price sharply by two-digit percentage values. Experienced users trading XEP do not worry about this as this is a typical behavior of crypto projects having not much liquidity. It is suggested to stay relaxed and get used to these phenomena when dealing with low-liquid assets. These moves usually happen because there are not many coins on the markets.
Before you consider buying or selling XEP, make sure that you picked one of the exchanges which have a better liquidity than others.
