Coinbase Pro Is To List Stellar Lumens (XLM)

Stellar Lumens (XLM) attracts more attention from the crypto community day by day, and that influences the growth of the coin price. Now, there will be even more attention: Coinbase Pro has announced the listing of this cryptocurrency. The exchange claimed in the press release that it starts to take XLM deposits to its platform from 1:00 PM Pacific Time on March 13, 2019.

According to the statement, Coinbase Pro draws the attention of users that XLM Memo specification is required for incoming XLM transactions. Coinbase Pro will start the trading only at the moment of sufficient accumulation:

“Once sufficient supply of XLM is established on the platform, trading on the XLM/USD, XLM/EUR, and XLM/BTC order books will start in phases, beginning with post-only mode and proceeding to full trading should our metrics for a healthy market be met.”

Consequently, the Stellar XLM token will receive support in jurisdictions that support Coinbase, with the exception of the New York State. Amid the news, the price of the token is rising again. Over the past 7 days, the price of XLM increased by 28%.

Image courtesy of Coinbase blog