Coinbase Pro has announced support for Stellar Lumens (XLM) in a blog post on March 13th.
According to the post, Coinbase Pro will now accept deposits of XLM for around 12 hours before enabling full trading. Coinbase notes that after establishing sufficient supply of XLM, it will open trading pairs in U.S. dollars, euro and Bitcoin (BTC) in phases.
XLM trading will 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 first two stages will allow users to transfer XLM to Coinbase Pro accounts and post limit orders, while the subsequent one will enable customers to match limit orders.
XLM trading will be initially available for customers in Coinbase’s supported jurisdictions, expect the state of New York.
Remember that Testboo reported that Coinbase Pro added support for Ripple (XRP) last month that joined already listed Ethereum Classic (ETC), Basic Attention Token (BAT) and privacy oriented altcoin Zcash (ZEC).