Major cryptocurrency exchange platform, Netcoins yesterday, on August 20, announced that the platform is officially listing Stellar Lumens (XLM). The information was passed on the exchanger’s official Twitter account which stated: “we have listed Stellar, available for immediate purchase, via our OTC Private Brokerage Services business and our 21000 + retail locations in Australia, Europe and Canada! To learn more, visit our newsblog”.
The official announcement posted on the company blog talked about the cryptocurrency explaining that “Stellar is currently number 6 by market cap for cryptocurrencies according to coinmarketcap.com. Stellar is an open-source protocol for exchanging money using blockchain technology”.
Mark Binns, the CEO of Netcoins commented on the recent important listing stating that “adding Stellar brings us to having 5 of the top 7 coins available via Netcoins. The network effect of having more coins available continues to make Netcoins a 1-stop shopping destination for crypto, which in turn supports our revenue growth. We look forward to completing the top 7 in the coming months, along with further paid alt coin listings using our LaaS revenue model”.
Netcoins is a software developing company which platform allows purchasing and selling cryptocurrencies easily. Mass consumers and investors hence get the opportunity to make transactions through brokerage services. As stated in the official website of the company, “Netcoins has helped thousands of customers buy and sell Bitcoin. Our Virtual Bitcoin ATM software provides retailers and individual professionals an awesome way to sell Bitcoin in store. Best of all? It’s free to become a reseller!”
The announcement also encouraged users to start making transactions in Stellar straight away giving key two options of purchasing the coin on the platform. “To purchase Stellar now, please contact Netcoins at (844)-515-COIN or OTC@goNetcoins.com”, the official message concluded.