Stellar XLM outperforms by surging 10 percent

Stellar XLM outperforms by surging 10 percent

US-based Coinbase exchange has launched trading pairs with Stellar (XLM) and Chainlink (LINK) to New York traders, XLM outperforms the top 10 coins by surging 10 percent
Today, Stellar XLM  coin of the Stellar blockchain has exceeded the top coins by value when it surged 10 percent. This coincided with news from Coinbase saying that it has launched trading XLM and Chainlink (LINK) for New York investors. "Stellar XLM outperforms by surging 10 percent"

Stellar XLM outperforms by surging 10 percent

Coinbase exposes XLM and LINK to New York traders

Earlier today, the major US-based Coinbase exchange tweeted that New York traders are now allowed to work with XLM and LINK. The exchange exposed these Stellar XLM and LINK to its customers in other regions earlier this year, in March (XLM) and June (LINK).

New York Coinbase stellar user can now trade and store these tokens both on Coinbase.com and on the company’s mobile apps on iOS and Android.

On this report, Stellar xlm recorded a 10-percent surge and it keeps climbing, as per data from CoinMarketCap. Currently, Stellar XLM occupies spot #10 on CMC and is the best performing asset among the top coins.

The Coinbase exchange made the announcement in a tweet sent by its official Twitter account on Sept. 25. New York state residents Coinbase users can now trade, store, send and receive Stellar Lumens using both the service’s official website and mobile app. 

The Coinbase company announced:


“Stellar XLM is now available to Coinbase users who are New York residents. New York traders can now log in to buy, sell, convert, send, receive, or store XLM on Coinbase  or using our iOS and Android apps.”

New York’s stringent crypto regulation

New York state is known for stringent cryptocurrency regulation after the introduction of the BitLicense in August 2015. 

The license regulation requirement has driven various cryptocurrency companies to leave the state and stop offering services to New York residents, which some referred to as “BitExodus.”

As Cointelegraph recently reported news, Coinbase exchange is considering adding support for Telegram’s Gram and 16 additional digital assets. That being said, the coinbase exchange admitted that the trading of those assets may not start everywhere at the same time suggesting that places like New York may once again have to wait.

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