Coinbase Still Exploring Stellar (XLM)

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Coinbase Still Exploring Stellar (XLM): XLM Gets another Coinbase Mention Days Ahead of a Rebound

On December 7th, in the middle of the dipping cryptocurrency market with the majority and all major cryptocurrencies dropping against the fiat, Coinbase shared another announcement, this time sharing news about exploring 30 different assets for listings.

Stellar (XLM) was once again mentioned in the latest blog post on the official Coinbase blog, alongside assets like XRP and Cardano (ADA), still waiting for the listing to become official.

Coinbase is one of the top trading exchange platforms, and easily one of the most well-known, famous by common price pump that follows almost every listing for at least a single day from the official listing date.

In the meanwhile, XLM is managing to take a 48 hour-break from dipping, still trading in the green on December 10th, starting a day before at over 4.4% of gains.

Stellar (XLM) Still a Subject of Coinbase Support Exploring

Several days ago, XLM was mentioned once again by one of the greatest exchange platforms for trading crypto. This time, the fourth-largest crypto was mentioned with 30 digital assets in total.

These assets that also include top gainers like Cardano (ADA) and Ripple’s XRP would all need to go through the listing process that includes determining whether these assets are compliant with the Digital Asset Framework that Coinbase uses for determining the compatibility of cryptos with the platform.

As Coinbase added in their announcement, some of the mentioned assets won’t be available for direct sending and receiving to a personal wallet, while further stating that the exchange is planning on adding over 90% of all digital assets that are found compliant.

The ultimate goal is to push the adoption of digital assets.

Stellar (XLM) was mentioned months before in another Coinbase blog post with Cardano (ADA), Basic Attention Token (BAT), 0x (ZRX), and ZCash. Cardano and Stellar are still waiting for the official listing, being recently mentioned for support exploring, which means that the assets are still to be tested for compliance on Coinbase.

Many believe that out of the list of the 30 newly announced assets that are to be listed on Coinbase, Stellar or Cardano will get to a Coinbase listing next.


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