Stellar Network is delighted to report the inclusion of their proprietary and transactional currency Stellar (XLM) to the KuCoin cryptocurrency trading platform. Instant deposits are now possible with trading pairs including XLM/BTC and XLM/ETH.
What are Stellar and Stellar (XLM)?
Stellar (XLM) is a high-speed settlement system, a peer-to-peer cryptocurrency initially based on Ripple, established and commissioned at the beginning of 2014 by Jed McCaleb, who worked to start Ripple (XRP) but was successful in realizing that his disputes with the Ripple Labs board were unfeasible.
Stellar emerged in the peer-to-peer market and had witnessed the rise of a number of key partnerships with big companies, such as IBM. Aside from technological breakthroughs that have differentiated it from Ripple since its fork, this is the primary distinction that must be grasped when it comes to Ripple and Stellar.
Ripple Labs aims to ease transactions within major financial institutions, whereas Stellar would prefer to be a crypto-demand cryptocurrency for smooth payments for both individuals and retailers.
Stellar (XLM) listed on KuCoin
Stellar advocates for almost instant payouts among the participants and its system includes “anchors,” a trusted third party that helps the participants of the onboard system through traditional centers such as bank accounts and other fiduciary institutions. For instance, partnerships such as those with Mifos and Moni are working to develop banking services using Stellar (XLM) technology.
The goal of the Stellar Development Foundation (SDF) is to assist with global financial access, literacy, and empowerment by providing developers with the technology to create financial resources and services for each area.
Now, Stellar Network announced the inclusion of the Stellar (XLM) on KuCoin cryptocurrency exchange platform.
The XLM buying operation will be open at 19:30 (UTC+8) followed by the sale/withdrawal operation at 20:00 (UTC+8). All trades could be conducted on the official KuCoin apps for iOS and Android or on the official KuCoin website, for those who prefer the web version.
Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.