The Gibraltar Blockchain Exchange , an institutional-grade, regulated and insured token sale platform and digital asset exchange, has announced the addition of Stellar Lumens (XLM) to its Digital Asset Exchange (GBX-DAX) exchange.
XLM has been brought to the GBX-DAX by Sponsor Firm Rampart Corporate Services, a European business group with regulated legal and fiduciary practices based in Gibraltar and the UK.
“We are delighted to have worked with the GBX team and Boris Reznikov of Stellar Partnerships to act as the sponsor firm for Stellar,” said Rampart founder, Peter Howitt.
Managing Director and Founder of the Gibraltar Exchange Group Ltd, Nick Cowan, said: “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.” He continued, “The addition of XLM is another landmark moment for the exchange, as our status continues to rise within the global trading community”.
The Stellar network enables money to move directly between people, companies and financial institutions quickly and simply. According to a press release, Lumens, or XLM, the native digital asset of the network, are used to “pay transaction fees and act as a bridge for multi-currency transactions, facilitating trades between pairs of currencies where there may not be a large direct market”.
Nick Cowan added: “I am 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”.
Stellar XLM Will Be Available In The Following Pairs On Gibraltar Blockchain Exchange
XLM/USD, SLM/EUR, XLM/GBP, XLM/ETH, XLM/BTC