Stellar Coin Continues To Shine With A Growth Of 6.12%! Why?

According to coinmarketcap, we can analyze that Stellar Lumens [XLM] is enjoying Green days. At the time of writing, the coin is trading at$0.109339 with a major push of 6.12%. Moreover, in terms of market cap and positioning, XLM is now at 8th position with marketcap $2,101,007,950.

What Enhanced XLM Growth?

Recently, the popular US based crypto exchange and wallet, Coinbase announced its partnership with Stellar.

At present, Coinbase Pro will accept deposits of XLM for nearly 12 hours prior offering full trading. Coinbase notes that after implementing enough supply of XLM, it will open trading pairs in U.S. dollars, euro and Bitcoin (BTC) in phases.

According to Coinbase’s blog post,

Since its launch in 2014, its vision has been to unite the world’s financial infrastructure so that money can flow quickly and cheaply between banks, businesses, and people. The Internet connected the world’s computers so that information could be shared globally. Stellar aims to do the same for money.

Basically, XLM trading will go through three stages before enabling full trading, including limit, market and stop orders. The stages involve:

  • transfer-only
  • post-only
  • limit-only

The initial 2 stages provide users to transfer XLM to Coinbase Pro accounts and post limit orders. On the other hand, the limit-only phase will see Coinbase’s trading engine matching limit orders, but not market orders.

Initially, XLM trading will be available for users in Coinbase’s supported jurisdictions, except the state of New York.

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