The US crypto exchange Coinbase added Stellar Lumens XLM to its
Coinbase Pro platform for full trading.
Trading on the XLM/USD, XLM/EUR, and XLM/BTC order books will soon start in phases, beginning with post-only mode and proceeding to full trading should Coinbase’s metrics for a healthy market be met. Support for XLM will be immediately available in Coinbase’s supported jurisdictions, with the exception of New York State. Additional jurisdictions may be added at a later date.
XLM is also soon to be available on Coinbase.com, as well as via the exchange’s consumer mobile apps.
Coinbase has recently added XRP to its CoinbasePro platform.
There will be four stages to the launch:
- Transfer-only. Starting at 1pm PT on March 13, customers will be able to transfer XLM into their Coinbase Pro account. Customers will not yet be able to place orders and no orders will be filled on these order books. Order books will be in transfer-only mode for approximately 12 hours.
- Post-only. In the second stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of one minute.
- Limit-only. In the third stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of ten minutes.
- Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.