In line with a recent official ‘web-blog‘ post published, leading U.S. based cryptocurrency exchange and wallet service provider ‘Coinbase Pro’, has proclaimed support for Stellar Lumens [XLM].
In line with the post, Coinbase Pro would now accept deposits of Stellar [XLM] for around twelve hours before enabling full trading. Coinbase added that once sufficient supply of XLM is established, it’ll open trading pairs in U.S. dollars, Euro along with Bitcoin [BTC] in subsequent phases.
Stellar [XLM] trading will undergo 3 stages before offering full trading mode, as well as limit, market and stop orders. The stages involve “transfer-only,” “post-only,” and “limit-only.” the primary two stages can enable users to transfer Stellar [XLM] to Coinbase Pro accounts and post limit orders, whereas the subsequent one will assist customers to match limit orders.
As usual, Stellar [XLM] trading is initially available for the customers in ‘Coinbase’s‘ supported jurisdictions, expect the state of New York. Coinbase is expected to add further jurisdictions within the upcoming days.
Earlier in Feb., Coinbase Pro ‘added‘ support for Ripple [XRP], that joined already listed Ethereum Classic [ETC], Basic Attention Token [BAT] along with Zcash [ZEC]. Within the past, these tokens were also added to Coinbase Pro, before support for them was eventually extended to Coinbase.com and its applications for iOS and Android.
The recent listing of Ripple [XRP] to Coinbase was long-awaited by the crypto currency community. The coin reacted promptly to the news regarding its listing on Coinbase Pro, that turned out to be one amaongst the biggest winners on that day.
However, a report by blockchain analysis firm Diar ‘added‘ that Ripple [XRP] breaks one amongst ‘Coinbase’s‘ listing requirements. In its “Digital Asset Framework,” Coinbase stipulates that “the possession stake [in a token] preserved by the team is a minority stake,” while, in line with Diar, Ripple [XRP] holds around 60% of the availability in escrow with the released schedule.
However at the reporting time, Stellar [XLM] is presently trading at a price around ‘$0.108 USD‘ which is 4.94% higher than yesterday.