Altcoins

Stellar Lumens (XLM) to be Traded with Fiat Pair for Free During First Week of Listing

BitOasis, which is a cryptocurrency exchange platform specialized in the markets of the Middle East and several important regions of North Africa, announced that they will be trading Stellar Lumens (XLM) on their platform for free during the first week of the listing. The users can hence still trade XLM with fiat currency without a fee till November 27.

The initial announcement by BitOasis on their offiicial Twitter page stated: “we are very pleased to announce that Stellar (XLM) is now available on our digital asset trading exchange platform with 0% trading fees until November 27th, 2018”.

In addition, BitOasis also confirmed that their users are able to “buy and sell XLM paired against the local fiat currency (the United Arab Emirates Dirham)”. Meanwhile the official message confirmed that the free transactions can be possible only in case users live in specifically listed countries. The list includes countries as Oman, Bahrain, Kuwait, Saudi Arabia, and the United Arab Emirates. “What makes this move particular is, precisely, that pairing with the local currency instead of Bitcoin, which is the usual way to go in most crypto exchanges in the world”, continued the announcement.

Currently the exchange platform offers trading in list of different popular cryptocurrencies. The current list includes Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), Bitcoin (BTC), Bitcoin Cash (BCH), ZCash (ZEC), Litecoin (LTC), and Monero (XMR). And hence Stellar Lumens (XLM) becomes the newly added 8th cryptocurrency.

More from Stellar

This recent important listing however is not the only good news from the cryptocurrency. Recently Stellar Lumens registered several important developments as well. Earlier Coinbase announced that they would be considering listing the cryptocurrency on their exchange platform. In addition, Stellar signed an important strategic partnership with tech giant IBM. The recent partnership is especially important, as currently Stellar is the only crypto partner of IBM.  

 

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