Stellar Lumens (XLM) Added to Coinsquare Crypto Trading Platform
As the crypto industry evolves, exchanges watch for the cryptocurrencies that consumers seem to be wanting to use. To provide more variety to consumers, Canada-based Coinsquare decided to add a new token to their platform – XLM. XLM is also known as Stellar Lumens, and it is the first coin from Stellar, a global payment system.
XLM is responsible for powering the Stellar payment network, offering instant fund transfers. The entire system involves a network of banks, payment systems, and other individuals. By adding XLM to the lineup of tokens with Coinsquare, the platform now features 10 crypto assets.
CEO Cole Diamond of Coinsquare said that the addition of XLM helps with their efforts to provide “convenient and safe access to the highest-quality cryptocurrencies.” He added that the crypto asset has been “highly requested” by users, and their delivery of this listing follows their longtime mission to improve digital currency offerings.
By adding XLM, the CEO believes that the Canadian market will see the commitment to investing and their commitment to safety.
Diamond commented on the current circumstances around Bitcoin SV, which has recently been dealing with heavy criticism as a result of Craig Wright’s recent actions. Wright has been coming after major names in the crypto industry with legal action as they have denied that BSV’s creator is the true identity of Satoshi Nakamoto.
As a result of Wright’s aggressive actions to find the identity of one of his naysayers, there are multiple exchanges that have decided to delist BSV. The trend was started by Binance, followed by Kraken and ShapeShift, after CEO Changpeng Zhao of Binance said that Wright is a fraud.
Coinsquare, however, is not following these exchanges, instead of saying that they will not be delisting. Diamond added that all platforms have “the right to play politics and express their own judgment on coins,” but this does not appear to be a game that Coinsquare plans to play.