It’s been a big week for alt coins. Coming off the back of Coinbase announcing that they are ‘exploring’ listing XLM amongst 4 other coins, Stellar’s digital currency – Lumens – has now been listed on South Korean exchange KuCoin. Supported trading pairs will include BTC and ETH, with deposits effective immediately.
Stellar (XLM) is now on KuCoin, you can deposit now. Trading pairs include XLM/BTC and XLM/ETH. Withdrawal opens July 18, 2018 at 22:00 (UTC+8), buying starts July 16, 2018 at 21:30 (UTC+8), and selling starts July 16, 2018 at 22:00 (UTC+8). @StellarOrg #KCS #XLM #BTC #ETH #ICO pic.twitter.com/t9ImdaKvZf
— KUCOIN (@kucoincom) July 16, 2018
This exchange news will come as little surprise to supporters of the Stellar protocol and digital currency, which has seen a marked increase in media and market attention. Whilst the 24-hour trading volume may seem low compared to trading behemoths such as Binance, the increased exposure to South Korean and Asian markets cannot be overstated. This listing could be seen as confirmation of the Stellar Development Foundation’s and partner IBM’s continued intentions, with their targeting of the South East Asian and Pacific remittance and exchange corridors.
Since the Coinbase announcement, XLM’s price has climbed from $0.18 to over $0.23. With further project news in the pipeline, including an exclusive from cryptocoinspy, as well the revamped SDEX (StellarX’s) summer launch, the good news seems set to continue for Stellar a little while yet.
