Bitstamp, the world’s longest-standing cryptocurrency exchange, has added Stellar to its platform.
Stellar(XLM) is one of the biggest cryptocurrencies, working with industry giants like IBM, which has built its World Wire on top of Stellar.
The cryptocurrency was created by Jeb McCaleb, who is also a co-founder of Ripple.
Getting a listing on Bitstamp is no small feat, as only seven other cryptocurrencies are on the platform.
Bitstamp is one of the few companies that can operate in New York, which is the strictest state for cryptocurrency exchanges, as they need a BitLicense to be able to serve New York residents.
The exchange was given a BitLicense in 2019.
Stellar Deposits were enabled on Monday, June 15th, 2020, while Limit orders will go live on the 17th.
As soon as there is enough liquidity, Bitstamp will enable all order types and card purchases too.
Stellar will be traded against:
- US Dollar
- British Pound
The company behind Bitstamp has also listed Paxos Standard(PAX), just a week ago, making it the first stablecoin on their exchange.
There will be a zero-fee trading period until September for both cryptocurrencies.
Stellar is a trademark of the Stellar Development Foundation.