The Gibraltar Blockchain Exchange (GBX) has added Stellar’s XLM Token to its Digital Asset Exchange (GBX-DAX), and is now available for trading. The move follows the recent addition of XRP, EOS, and TRON.
As a distributed payment network built on the Blockchain, Stellar facilitates cross-asset transfers of value, including payments in both fiat-based currencies as well as cryptocurrencies. Lumens aka XLM is the native digital asset of the network and can be used for payments and as a bridge for multi-currency transactions, facilitating trades between pairs of currencies where there may not be a large direct market.
XLM will be available in the following pairs: XLM/USD, XLM/EUR, XLM/GBP, XLM/ETH, and XLM/BTC. Brought to the GBX by Sponsor Firm Rampart Corporate Services, XLM follows the addition of XRP, EOS, and TRON this month.
Peter Howitt, Founder of GBX Sponsor Firm, Rampart Corporate Services, said: “We are delighted to have worked with Kurt and the GBX team and Boris Reznikov of Stellar Partnerships to act as the sponsor firm for Stellar (XLM) on the Gibraltar Blockchain Exchange. Stellar is a great brand with the potential to help bring borderless safe and low-cost payments to the world and is a great fit for GBX.”
The Gibraltar Blockchain Exchange (GBX) was the first cryptocurrency exchange to be granted a full DLT licence from the Gibraltar Financial Services Commission (GFSC). Nick Cowan, CEO of the GSX Group, commented: “As a blockchain exchange, GBX continues to go from strength to strength — building a better experience for our users. Stellar is an exciting and welcome addition to our already strong roster of tokens available for trading on the GBX-DAX. The promise of a more liquid, frictionless payments infrastructure built on the blockchain is one that aligns greatly with our mission at the GBX, and one that we hope will help us achieve our overall goal, as an industry, to increase global and institutional adoption of digital assets as the next stage in the evolution of finance . Already, we have made significant strides in 2019 in delivering on our mission to set the highest standards in institutional-grade token sales, providing our users with the most dynamic trading experience possible. The addition of XLM is another landmark moment for the exchange, as our status continues to rise within the global trading community.”
GBX is an institutional-grade, regulated and insured token sale platform and digital asset exchange. A subsidiary of the Gibraltar Stock Exchange (GSX), an EU-regulated stock exchange, theGBX opened for business in June 2018.
“I’m pleased to add yet another leading token to the GBX-DAX. XLM tokens are built on the principles of efficiency and speed – the same principles that underpin our efforts here at GSX Group. We have outlined an ambitious roadmap for the year ahead which will see us continue to expand our token listing offering. Adding tokens such as XRP, EOS, TRON, and now XLM this month alone assertively underlines our credentials as a bonafide platform for the trading of high-profile tokens,” concluded Cowan.