Coinbase announces support for Stellar Lumens

19 Mar, 2019
by Richard Allen
Coinbase announces support for Stellar Lumens

San Francisco-based crypto exchange and wallet provider Coinbase has announced it’s added support for Stellar Lumens (XLM), the company confirmed in a blog post.

Users are now able to buy, sell and store XLM on the Coinbase website as well as in the Android and iOS apps.

The release adds that XLM will be available to all customers except those in the United Kingdom or in the state of New York.

As Chepicap reported, the exchange’s professional trading platform, Coinbase pro announced last week that it began accepting XLM deposits.

Stellar has been one of the top performing currencies over the last several days. Largely fueled by the Coinbase pro announcement, XLM saw an impressive surge at the end of last week that resulted in it leapfrogging Tether out of 8th position. It now looks ready to start tackling Binance Coin.

Read more: Stellar overtakes Tether following Coinbase Pro listing and rebrand

Additionally, it was reported yesterday that six international banks will launch stablecoins on IBM’s cross-border payment network, which is built on Stellar’s public blockchain.

At the time of writing, XLM is up over 6% to trade at $0.115.

Read more: Stellar Long-term Price Analysis: Can XLM get above $0.18 in 2019?

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