Stellar Lumens is launching on Coinbase Pro
According to the Coinbase blog, Stellar Lumens (XLM), will soon be available for trading on its advanced trading platform Coinbase Pro.
Support for XLM will be immediately available for Coinbase Pro users in Coinbase’s supported jurisdictions, with the exception of New York State.
The blog adds that additional jurisdictions may be added at a later date.
Beginning Mar. 13th, 13:00 PT, Coinbase will begin accepting inbound transfers of XLM to Coinbase Pro. Deposits will be available approximately 12 hours prior to full trading.
The move follows the exchange’s full listing of Ripple’s XRP on Coinbase.com.
The blog further points out that XLM is not yet available on Coinbase.com or via their mobile apps. However, they will make a separate announcement when that occurs.
The blog concludes by saying that one of the most common requests they receive from customers is to be able to trade more assets on our platform. ‘Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time.’
Stellar.org tweets that Coinbase is by far the most reputable exchange in the industry and that the launch on Coinbase Pro is a huge step for the Stellar network.
The reactions to Stellar’s launch on Coinbase Pro are mostly positive.
Some point out that a bump in XLM’s price can be expected.
While others claim the Coinbase listing won’t have a huge effect on XLM’s price.