• Bitget has added Stellar (XLM) to its cryptocurrency derivatives platform’s Innovation Zone and Payment Zone.

Bitget has recently announced the listing of Stellar (XLM) on its platform. The token can now be traded on Bitget’s Innovation Zone and Payment Zone.

According to a Tweet by Bitget, deposits and trading for Stellar (XLM) are now open, while withdrawals will be available starting August 25, 2023. The supported trading pair is XLM/USDT, as mentioned in the blog post by Bitget.

Innovation Zone on Bitget features trending tokens, and the listed trading pairs undergo a 60-day valuation period. The exchange has certain criteria that need to be met for a token to remain listed, such as having sufficient market depth. Otherwise, the exchange has the right to delist the token.

Stellar (XLM) Price

Stellar is an open-source cryptocurrency network that enables cross-border digital payments through the use of Stellar Lumens (XLM). XLM has been a popular coin in the market. Although its recent performance has been affected by the overall market weakness, the long-term outlook remains positive.

Bulls are optimistic about XLM’s potential to rise above $0.13 after recovering from losses when Ripple won a significant legal battle against the SEC.

On Thursday, XLM was 1.4% higher, trading at around $0.12, while the crypto markets faced uncertainty following last week’s sell-off.