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Coinbase’s professional offering, Coinbase Pro announces support for Stellar Lumens (XLM). The blog post on March 13 further elaborated that the platform will accept deposits of XLM for around 12 hours before enabling full trading.
As per the post, after Coinbase establishes sufficient supply of XLM, the trading pairs for the token will open in U.S. dollars, euro and Bitcoin (BTC) in phases. Following a similar process as other coins on the platform, XLM trading will also go through three stages before enabling full trading, including limit, market and stop orders.
The stages are – “transfer-only,” “post-only,” and “limit-only.” The former two will enable users to transfer XLM to Coinbase Pro and post limit orders and the last step will allow customers to match limit order...
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