Stellar Lumens (XLM) has officially been listed on cryptocurrency exchange Coinbase Pro, according to an announcement on Wednesday.
XLM, which is the seventh-largest cryptocurrency in terms of market cap, will not yet be available on the Coinbase retail platforms including Coinbase.com and the mobile apps.
Stellar was launched in 2014 by Ripple co-founder Jed McCaleb, with all XLM tokens being premined.
In Coinbase’s announcement, it claims that: “Stellar aims to connect banks, payment systems, and individuals quickly and reliably. Since its launch in 2014, its vision has been to unite the world’s financial infrastructure so that money can flow quickly and cheaply between banks, businesses, and people. The internet connected the world’s computers so that information could be shared globally. Stellar aims to do the same for money.”
XLM/USD, XLM/EUR, and XLM/BTC order books will soon enter transfer-only mode, accepting inbound transfers of XLM in supported regions. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/NgCiWEkii8
— Coinbase Pro (@CoinbasePro) March 13, 2019
The addition of XLM is the latest in a long line of coin listings on Coinbase over the past few months, with more than 30 being added in December.
Despite being cautious in 2017 by only listing Bitcoin, Ethereum, and Litecoin, Coinbase has been exercising a gung-ho attitude to the listing of coins recently, with the likes of Loom Network, MANA, XRP, Dai, Golem Network, and Zilliqa all finding their way onto the exchange.
This evident change in approach from Coinbase could suggest that regulatory pressure is waning, which would tie in with SEC chief Jay Clayton’s recent statement confirming that Ethereum “is not a security.”