Stellar Lumens (XLM) now listed on Coinbase!
No matter where XRP goes, it looks like XLM will always follow.
Last week Coinbase announced its official integration of Ripple XRP on the Coinbase platform. One week later, Stellar Lumens (XLM) has joined the show.
As of today, Coinbase Pro members will be able to deposit their XLM onto the platform. A deposit period began yesterday March 13th at 1PM PST. After the deposit phase, Coinbase will determine whether there is enough liquidity/depth on its USD, EUR, and Bitcoin (BTC) pairs with XLM. Coinbase has set forth the following phases for XLM:
Post-only — This phase will allow investors and clients of Pro to place limit orders for the XRP trading pairs. Order books will be in post-only mode for a minimum of one minute.
Limit-only — This is the final stage before full trading. This phase will see Coinbase’s trading engine matching limit orders, but not market orders. Order books will be in limit-only mode for a minimum of ten minutes.
Full Trading — In the final stage, full trading services will be available, including limit, market, and stop orders.
All jurisdictions, with the exclusion of New York, will be able to trade XLM. New York needs additional approval of asset addition in orders for users to trade.
As of the time of writing XLM is up 6.03% and is expected to rise as the “Coinbase effect” takes place. *Editors note, the “Coinbase effect” has been lackluster ever since Coinbase listed Basic Attention Token (BAT) so take this with several grains of sodium chloride (NaCl) 😜*
Did you know you can keep your XLM safe on sound using a Ledger Nano S or X? Don’t delay, order yours today!