Coinbase Lists XLM and LINK for New York-Based Traders

By September 26, 2019 Ethereum
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Leading US-based crypto exchange Coinbase has added two more digital currencies – Stellar Lumens (XLM) and Chainlink (LINK) – to its offerings to New York-based traders, the company announced on Thursday.

The exchange listed Stellar Lumens on its platform in March, while Chainlink debuted on it for trading in June. Though traders in all jurisdictions were able to trade with these digital currencies, New York residents were barred due to regulatory hurdles.

Stellar Lumens (XLM) is now available to Coinbase users who are New York residents. New Yorkers can now log in to buy, sell, convert, send, receive, or store XLM on https://t.co/bCG11KMQ6s or using our iOS and Android apps. https://t.co/gArFJPP6K7 pic.twitter.com/eTtVaH9JdT

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With this extension of service, New York residents can now buy, sell, send, and receive both the digital currencies either from Coinbase.com or the mobile applications of the platform.

Two promising blockchain projects

XLM is the native token of the Stellar Network which facilitates cross-asset transfers of value. With a market capitalization of more than $1.2 billion, XLM is one of the top ten digital currencies available in the market. In the past 24 hours, the coin rallied up around 8 percent and is currently trading at $0.059 apiece, per Coinmarketcap.com’s data.

Chainlink, on the other hand, is Ethereum-based digital token developed to power the decentralized platform of the company which provides an API bridging service to connect smart contract platforms. Launched in 2017, the coin performed remarkably on the market and is now trading at $1.73 with a market cap of over $605 million.

Coinbase is constantly trying to expand its services in new markets and also by offering new trading digital coins to its existing customers. The exchange recently listed Dash, while two exchanges – Upbit and OKEx – delisted the coin.

The San Francisco-headquartered exchange also has plans to list 17 more coins with include Telegram’s Gram token, Polkadot, and Filecoin.

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