Stellar Lumens (XLM) Makes It Big
’s long lost cousin, Lumens (XLM), has finally been added to . In a blog made just hours ago, the San Francisco-headquartered exchange revealed that it had added the crypto asset, one of the most popular in the broader industry,
Starting today, members of the clientele of Pro will be able to deposit their XLM coins onto the platform. The deposit period will last 12 hours starting March 13th at 1 PM PST.
Following the 12 hour period, will assess whether there is enough liquidity/depth on its USD, EUR, and () pairs with XLM. The phases that XLM will be launched in are as follows:
- Post-only — This phase will allow investors and clients of Pro to place limit orders for the XRP trading pairs. Order books will be in post-only mode for a minimum of one minute.
- Limit-only — This is the final stage before full trading. This phase will see Coinbase’s trading engine matching limit orders, but not market orders. Order books will be in limit-only mode for a minimum of ten minutes.
- Full Trading — In the final stage, full trading services will be available, including limit, market, and stop orders.
All users in ’s supported jurisdictions will be able to trade XLM, save for New York State, whose financial regulators still need to approve the asset’s addition.
It is expected that XLM support on .com and the startup’s array of other products will be added within the coming weeks. But, considering that XRP was added to .com just days after the Pro listing, users of the former may not be waiting for too long. That’s the hope anyway.
As of the time of writing, Lumens has found itself at $0.11, up 5% in the past 24 hours.
All this comes after XRP was to just a week or two ago.
A Monumental Week For Stellar
All this only underscores the monumental week that has had in terms of fundamental developments.
The project, heavily utilized by crypto-friendly technology giant IBM, underwent a full redesign last week. ’s logo went from a cartoon-esque rocketship to a sleek, modern, abstract circle design that seems much more 21st century. Funnily enough, in an announcement from the Development Foundation, founded by and Mt.Gox creator Jed McCaleb, it was explained that a “cartoon” logo just didn’t make sense for use in formal banking systems, known for its suits.
Crypto startup has recently revealed that it has partnered with German media outlet Börsenmedien. This business deal will purportedly see the companies harness a -based solution, which will transfers payments from readers/viewers to the portal.
Published at Thu, 14 Mar 2019 01:57:07 +0000
