StellarX, a Stellar-based zero-feeglobalcrypto exchange has finished its betatesting phaseand wascompletelylaunched lastFriday i.e. on 28thSept. This launch wasconfirmed by the official web post post bythe corporate behind the platform ‘Interstellar.’
The exchange, originallyrevealedearlier in July this year that is basedon Stellar’s [XLM] universal marketplace. Stellar isan open sourceprotocol for cryptocurrency torescript transfers. Its own cryptocurrency XLM which ispresentlythesixthlargest, within the market market within present capitalisation of around $4.9 Bln.
In line withthe latest update, StellarX positions itself as a realfiatonramp, as itpermits users to deposit United Statesdollarsdirectly from a U.S.bank account.Additionally, the exchange shows digital tokens forvarietyoffiatcurrencies,including Chinese yuan, Euro, Hong Kong Dollar,Britishpound, and others.
In theweb blog post, StellarXconjointlyunconcealedits plansto featuredigitized versions forother formsof assets along with bonds, stocks,real estate and commodities.
Comparing itself to Robinhood, a major United States fInancialservicessupplierthat startedgivingzero-fee cryptotradinginthe month of Feb. this year, StellarX has stressed thatemployingits platformpricethe users nothing.This isbecause ofthe company’s promise to refund [all network fees].
In earlySept., Robinhood itselfunconcealedits plans to conductanIPO crowdfunding, claiming thatit’sundergoing audits by the United States Securities and Exchange Commission [SEC]along with the Financial Industry Regulatory Authority[FINRA],so asto make surefullregulatorycompliance.