Coinbase Launches Stellar Lumens (XLM) Trading in New York

Coinbase Stellar Lumens trading

United States-based cryptocurrency exchange Coinbase has made Stellar’s Lumens (XLM) trading available to residents of New York.

The exchange made the announcement via a tweet sent by its official Twitter handle on September 25th. New York state residents can now trade, send, receive and store Stellar Lumens using both the service’s official website and mobile app.

The company announced:

“Stellar Lumens (XLM) is now available to Coinbase users who are New York residents. New Yorkers can now log in to buy, sell, convert, send, receive, or store XLM on Coinbase  or using our iOS and Android apps.”

It is worthy of note that the state of New York is known for stringent cryptocurrency regulation after the introduction of the BitLicense in August 2015.

The license requirement has driven various crypto companies to vacate the state and stop offering services to New York residents,

Leave a Comment