In a bid to add more trading options, Coinbase has added Stellar Lumens on its professional trading platform called Coinbase Pro.
In the March 13th announcement, the US-based exchange and wallet platform detailed that it had started accepting XLM token deposits from on the same day at 1 pm Pacific Time and hopefully, after 12 hours, it will gather sufficient liquidity to start full-fledged trading service against USD, EUR, and BTC.
The listing will follow four stages – transfer-only, post-only, limit-only, and full trading.
Developed by Ripple co-founder Jed McCaleb Stellar Lumens is focusing to create a low-cost payment network.
“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,” Coinbase noted. “The Internet-connected the world’s computers so that information could be shared globally. Stellar aims to do the same for money.”
This listing came weeks after the San Francisco-headquartered exchange on the same platform. The exchange also earlier this month.
However, the exchange also faced a bit of criticism as a blockchain analytics firm accused the exchange of by introducing XRP trading.
Streamlining Coinbase.com and Wallet App
In addition, to increase functionality, the crypto exchange has extended support for its users to directly transfer cryptocurrency holdings on Coinbase.com to accounts in the firm’s Wallet app.
The exchange will roll out the feature in its latest update within the “next few days.”
“For Coinbase users that frequently transfer money between their Coinbase.com account and a software or hardware wallet, we believe this new feature will give them the ‘easiest to use’ experience that is a hallmark of all Coinbase products,” Coinbase stated.
Last month, Coinbase also to its Wallet app.
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