Binance, the world’s fastest growing crypto - currency exchange, today announced that it has started to add Stellar Lumens (XLM), the native digital currency of the Stellar network. Lumens will now be tradeable on Binance.com and users can deposit Stellar Lumens starting today. With the new listing of XLM on Binance, the crypto community will have an additional avenue to purchase or sell XLM tokens easily.
“We’re thrilled that Binance is now supporting XLM,” said Jed McCaleb, cofounder of Stellar.org. “We believe that as more people hold XLM, it will positively contribute to the growth of the Stellar network. This will help Stellar reach its goal of becoming an open standard for our financial system, in order to make financial transactions quicker and more cost-effective than ever before.”
“We like the strategic approach of Stellar’s results-driven team and its growing community. We believe the collective efforts of focused projects like this are necessary to move the blockchain industry forward,” says Changpeng Zhao, CEO of Binance.
But in the end what is Stellar you might ask?
It is an open-source blockchain network that provides interoperability between financial institutions an different payment networks, making the cross currency and cross asset payments much faster,efficient and less costly than before. Stellars also provide an instant clearing and settlement platform, enabling money to move directly between institutions and people as easily as an e-mail.
I personally think it is a good investment considering they are also partner with IBM.
But we still have to see what it has to happen to it in the future!
If you have any experience with it ,please share about it.
I am curious to see what other people think of Stellar Lumens!