Coinbase Amateur Platform Adds Support For Stellar
The American platform Coinbase started supporting the Stellar cryptocurrency (XLM) in the desktop version and its mobile applications. This was reported in the exchange’s blog.
The new position has been available in most jurisdictions since March 18, 2019. However, traders from the UK and the state of New York initially will not be able to work with the asset.
Stellar is the eighth by capitalization in the CoinMarketCap rating. As of March 19, the price of one coin is $0.11, while it has grown by 6% over the last 24 hours. This cryptocurrency was launched in 2014 and is used as the principal tool in the Stellar payment blockchain network, which unites traders, enterprises, and banking institutions.
Earlier, Coinbase Pro added the Stellar cryptocurrency to the listing.
Currently, there are two products working under the Coinbase brand: a professional crypto exchange Coinbase Pro and a platform for amateurs Coinbase.com, accessible on the same name website.
The Coinbase Pro exchange replaced the previous GDAX brand in July 2018, transferring its customers to the new platform without problems. Unlike Coinbase.com, where only five digital assets are available together with Stellar, the professional platform offers a broader listing of tokens and stablecoins, as well as trading statistics for each of the positions. Coinbase Pro also works with US dollars, euros, and other fiat currencies.
In March, Coinbase acquired an Italian startup Neutrino for $13.5 million. The deal triggered a wave of criticism as it turned out that two of the three project founders created the hacker group Hacking Team in 2003, which was selling virus spyware to authoritarian states in the East.