StellarX, a Stellar-based zero-fee global crypto exchange has finished its beta testing phase and was completely launched last Friday i.e. on 28th Sept. This launch was confirmed by the official web post post by the corporate behind the platform ‘Interstellar.’
The exchange, originally revealed earlier in July this year that is based on Stellar’s [XLM] universal marketplace. Stellar is an open source protocol for cryptocurrency to rescript transfers. Its own cryptocurrency XLM which is presently the sixth largest, within the market market within present capitalisation of around $4.9 Bln.
In line with the latest update, StellarX positions itself as a real fiat onramp, as it permits users to deposit United States dollars directly from a U.S. bank account. Additionally, the exchange shows digital tokens for variety of fiat currencies, including Chinese yuan, Euro, Hong Kong Dollar, British pound, and others.
In the web blog post, StellarX conjointly unconcealed its plans to feature digitized versions for other forms of assets along with bonds, stocks, real estate and commodities.
Comparing itself to Robinhood, a major United States fInancial services supplier that started giving zero-fee crypto trading in the month of Feb. this year, StellarX has stressed that employing its platform price the users nothing. This is because of the company’s promise to refund [all network fees].
In early Sept., Robinhood itself unconcealed its plans to conduct an IPO crowdfunding, claiming that it’s undergoing audits by the United States Securities and Exchange Commission [SEC] along with the Financial Industry Regulatory Authority [FINRA], so as to make sure full regulatory compliance.