Coinbase Pro platform started to list Stellar Lumens on March 13, 2019, as the company began accepting deposits of XLM, according to a press release published by the exchange.
The first day of Stellar Lumens in the Coinbase Pro platform was most of a deposit focused transaction to enable full liquidity trading.The launching will have four stages, including a transfer-only phase, where customers will be able to deposit XLM into their Coinbase Pro account. The second stage will be the post-only phase, with customers posting limit orders but with no matches or completed orders.
Then, the third stage will take place with the limit-only to match orders for a minimum of ten minutes. Customers will not be able to submit market orders.
Finally, the full trading condition will be available with limit, market, and stop orders. Coinbase will support trading on XLM/USD, XLM/EUR, and XLM/BTC after enough supply of XLM is established on the platform.Users that want to transfer Stellar Lumens into the Coinbase Pro ecosystem will need a specification of an XLM memo.
Launched in 2014, XLM powers the Stellar payment ecosystem that is mainly focused on payment systems, banking connections, and remittances.
The XLM support is available now with the exception of the New York State. However, XLM support is not yet available on Coinbase retail platform, including iOS or Android platforms and Coinbase.com.
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