The US crypto exchange Coinbase has set itself the goal of supporting as many cryptoassets as possible with its wallet service. So the company has now announced on Medium, that on Coinbase Pro now also Stellar Lumens (XLM) has noted. This allows traders to trade the cryptocurrency there.
“Support for [Stellar Lumens] XLM is now available in Coinbase-supported jurisdictions. Except for the US state of New York. Other jurisdictions may be added later. “
Since March 13, customers can deposit Stellar Lumens on Coinbase Pro. Coinbase then phased out the trading pairs Stellar Lumens / US Dollar, Stellar Lumens / Euro and Stellar Lumens / Bitcoin. Full trading should begin when “the metrics for a healthy market are reached”. Coinbase is the world's leading Bitcoin exchange.
Like most of the other quotes on Coinbase, Stellar Lumens goes through four stages of listing. First, there is a “transfer-only phase,” which lasts twelve hours and can only be deposited. This is followed by a “delivery-only phase”. This takes at least a minute and allows users to place orders without them being fulfilled. This is followed by the “limit-only phase”, which lasts at least ten minutes. During this time, the client's limit orders are executed. However, market orders can not be made by the traders during this time. This is followed by the full trading phase. From this phase all users can trade freely and issue limit, market and stop orders.
At the time of going to press, the listing had already gone through all four phases. That's why Stellar Lumens can now trade fully on Coinbase Pro. However, that's not yet the case on the Coinbase.com platform and the consumer mobile app.
The goals and development of Stellar Lumens
Like Ripple XRP, Stellar aims to improve global cash flows. The payment network is based on the Stellar token XLM. Stellar's goal is to make sending funds as easy and cheap as sending e-mails. The aim is to simplify payments between banks, businesses and individuals around the world. This will happen via an integration into a large payment network.
Coinbase has already written down some new cryptoassets. However, new recordable coins must meet some requirements.
Stellar Lumens (XLM) is currently ranked eighth on the list of largest cryptocurrencies by market capitalization. In addition, the cryptocurrency has recently gained in value. The followers of Stellar Lumens hope that this trend will be further enhanced by the listing on Coinbase. At the time of going to press, Stellar Lumens posted an increase of 6.64 percent. That was the highest increase in the top 10 cryptocurrencies on CoinMarketCap.
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/nach-ripple-xrp-ist-jetzt-auch-stellar-lumens-auf-bitcoin-boerse-coinbase-pro-notiert/
Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for entertainment and information purposes only. We are not an investment advisor and do not provide financial advice.
We can not review all articles posted on CoinNewsDesk.com. Please independently research and verify any information here before relying on it as fact. It's also important to do proper due diligence and analysis, including consulting a professional financial advisor. No content on Coin News Desk makes any recommendation to enter into any type of investment or engage in any investment strategy on this website.