- 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.
Cryptocurrency derivatives platform Bitget has added Stellar (XLM) to its Innovation Zone and Payment Zone. The listing allows users to deposit and trade XLM, with withdrawals becoming available on August 25, 2023. Bitget’s Innovation Zone features trending tokens and enforces specific criteria for token listings. Stellar (XLM) is an open-source crypto network known for facilitating cross-border digital payments. Despite recent market weakness, the long-term outlook for XLM remains positive.
1. What is Bitget?
Bitget is a cryptocurrency derivatives platform that offers various trading options and features for users.
2. What is the Innovation Zone on Bitget?
The Innovation Zone on Bitget is a section that lists trending tokens with a 60-day valuation period for the trading pairs. Tokens listed in the Innovation Zone must meet certain criteria to remain listed.
3. What is Stellar (XLM)?
Stellar (XLM) is an open-source cryptocurrency network that specializes in cross-border digital payments. It uses the XLM symbol and has been a popular coin in the market.
4. What is the current price of XLM?
As of now, XLM is trading at around $0.12.