Coinbase Pro adds new altcoin trading
Coinbase Pro today announced that customers will be able to trade altcoin Stellar (XLM) on their platform. This report came quite unexpectedly and the reaction to itself did not wait long. According to the data on the KMcap site, the average XLM price rose by ~ 8%.
Obviously, crypt-speculators are guided by the motto "buy the rumor, sell the news." However, the cryptocurrenncy community is already buying preventively. Today's volume on the XLM market is $ 181 million.
The listing of Stellar on CB Pro will, like XRP, take place in phases. We are currently in the first phase when Coinbase Pro accepts deposits on an XLM account. Subsequently, it will be possible to create limit orders for purchase and sale. Then, a matching engine is tested to fill all limit orders so that the orderbook is consistent (on the one hand, limit purchases and on the other, limit sales). In the last phase, the market function is activated and trading starts. If everything goes as planned, it will be today.
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