Following the listing of the token, Coinbase said it will allow users to transfer XLM tokens from other exchanges to the platform ahead of enabling trading after 12 hours.
Also, once sufficient liquidity of XLM is available on Coinbase, the exchange will roll out trading in XLM/USD, XLM/EUR, and XLM/BTC pairs simultaneously.
Users in all Coinbase supported jurisdictions aside from New York will instantly have access to using XLM on the Pro Platform while the exchange promised to add support for other jurisdictions later.
XLM Outlook — Steady Increase
As was the case with the listing of Ripple (XRP) on Coinbase’s exchange, one would expect the addition of XLM to also have a significant impact on the value of the token.
The coin has not totally disappointed, seeing a healthy 2.8% growth in the last 24 hours and prices on the $0.108 mark at press time.
With Coinbase’s announcement only a few hours ago, time will tell whether XLM will sustain the steady increase and spike in value in the coming days.
Meanwhile, getting listed on Coinbase is significant progress for the Stellar project which is also in the middle of a $125 million token airdrop initiated late last year.