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While the change in Coinbase Pro fees is still the trending topic in the cryptocurrency space, Stellar (XLM) is enjoying the Coinbase effect that comes from Coinbase listing. The Coinbase effect is an informal phrase that is used to refer to a situation where the price of a token suddenly surges higher against the USD due to a Coinbase listing. Coinbase Effect: Stellar (XLM) Gets Listed On Coinbase Coinbase is the most popular cryptocurrency exchange in the United States. So, when a token gets listed on Coinbase, the market sentiment becomes positive and the token usually begins to outperform the rest of the market. During a bear market, the Coinbase listing effect is usually a big deal. This is because as the bears take control of the market, most cryptocurrencies start losing the price value against the USD. So, it’s kind of a big deal for a cryptocurrency, especially a small market capitalization altcoin, to outperform the bear market after a Coinbase listing. The cryptocurrency w..
Coinbase announced that support for Stellar Lumens (XLM) has been added to its services, including iOS and Android apps. United States-based cryptocurrency exchange and wallet service provider Coinbase has added support for Stellar Lumens, according to an announcement published on March 18. The update states that users can now store, buy, and send Stellar’s cryptocurrency, the Stellar Lumen (XLM), on the Coinbase website, as well as on the Coinbase iOS and Android apps. The publication underlines that the newly added cryptocurrency will be available for the majority of the customers, with the exception of Coinbase users in the United Kingdom or in the U.S. state of New York. Last week, the company’s professional trading platform, Coinbase Pro, announced the start of accepting XLM deposits. As Cointelegraph reported on March 17 in a market analysis, the price of the Stellar’s cryptocurrency XLM has risen sharply, making XLM the best performing major cryptocurrency of the past week. Yes..
Major United States-based cryptocurrency exchange Coinbase announced a new market structure for its professional trading platform, Coinbase Pro. Major United States-based cryptocurrency exchange Coinbase announced a new market structure for its professional trading platform, Coinbase Pro, in a blog post published on March 15. Per the announcement, the changes aim to increase liquidity, enhance price discovery and ensure smoother price movements. The changes include a new fee structure, reportedly designed to increase liquidity, updated order maximums, new order increment sizes, the turning off of stop market orders and added market order protection points. According to the post, Coinbase Pro and Coinbase Prime — the firm’s institutional trading platform — will cease their support for stop market orders. The announcement further explains that all stop orders must now be submitted as limit orders and include a limit price. On the other hand, the market protection points that will be int..
The past few days have been brought very good price movements for Stellar Lumens (XLM). XLM has soared on the news of its rebranding which includes a new logo. The cryptocurrency has now been added to Coinbase Pro trading platform. Coinbase Adds Support for Stellar Lumens (XLM) On Wednesday, March 13, 2019, United States-based cryptocurrency exchange Coinbase announced that it has added support for Stellar Lumens (XLM) starting with its Pro trader’s platform. “After 1 pm PT on March 13, 2019, we will begin accepting inbound transfers of XLM to Coinbase Pro,” Coinbase wrote in a blog post. The exchange explained that it will accept deposits for about 12 hours prior to enabling full trading to allow for sufficient liquidity of XLM. In a manner similar to its previous listings, the Stellar XLM is being added to the platform in four phases, Coinbase noted are “transfer only”, “post only”, “limit only” and then the full trading phases. In the first two stages, customers can only transfe..
Coinbase Pro is adding support for Stellar Lumens token, which will be fully tradable after the platform establishes sufficient liquidity. Coinbase Pro, the professional offering of United States-based crypto exchange and wallet service Coinbase, has announced support for Stellar Lumens (XLM) in a blog post on March 13. Per the post, Coinbase Pro will now accept deposits of XLM for around 12 hours before enabling full trading. Coinbase notes that after establishing sufficient supply of XLM, it will open trading pairs in U.S. dollars, euro and Bitcoin (BTC) in phases. XLM trading will go through three stages before enabling full trading, including limit, market and stop orders. The stages involve “transfer-only,” “post-only,” and “limit-only.” The first two stages will allow users to transfer XLM to Coinbase Pro accounts and post limit orders, while the subsequent one will enable customers to match limit orders. XLM trading will be initially available for customers in Coinbase’s suppor..
Coinbase Custody has conducted its first OTC trade directly from cold storage. Coinbase Custody, the custodial tool of United States-based crypto exchange Coinbase, has completed its first over-the-counter (OTC) trade from cold storage, according to a blog post published on March 13. The post reveals that Coinbase Custody is now directly integrated with Coinbase’s OTC desk, which enables customers to use the OTC desk to price and confirm trades prior to moving funds. The product purportedly provides easy and immediate liquidity on users’ offline funds, meaning that it now takes less time for Custody users to get access to their funds and avoid the waiting period to access them. In February, co-founder and CEO of Coinbase Brian Armstrong outlined what he believes to be four common misconceptions about crypto custody solutions. Armstrong’s arguments tackled the perception that hot storage is always necessary to provide the flexibility and speed required to execute trades. Armstrong note..
Coinbase links its main app to its wallet product, allowing users to fund the wallet directly from Coinbase.com accounts. Cryptocurrency exchange and wallet service Coinbase has introduced a service to link users’ accounts on its main platform to its Coinbase Wallet app, according to an announcement on March 12. According to the company, Coinbase Wallet is slightly different from the main app, referred to as Coinbase.com. With the latter, a customer’s cryptocurrencies and private keys are stored by Coinbase. With Coinbase Wallet, users store their own crypto protected by their unique private keys. The exchange has explained that the wallet can now be connected to accounts on its main platform for quick transfers from the main account to the wallet. As per the announcement, Coinbase Wallet will be updated within a few days and users will then receive an in-app notification to activate the new feature. In future, the company promises to allow customers to send crypto back to their main ..
Coinbase had spent $13.5 million to purchase controversial blockchain intelligence startup Neutrino, documents allegedly show. Major United States cryptocurrency exchange Coinbase had bought blockchain intelligence startup Neutrino for $13.5 million, according to an acquisition contract reportedly obtained by Bitcoin Magazine on Wednesday, Mar. 6. The legal document, whose authenticity has not been independently verified by Cointelegraph, is dated Feb. 15, and it reportedly provides the exact amount of the two firms’ purchase contract, which was previously unknown. The document states that the crypto exchange has agreed to acquire “the units of the respective total ownership representing the entire share capital of the Company [Neutrino].” According to the document, Neutrino’s founders, CTO Alberto Ornaghi, CEO Giancarlo Russo and CRO Marco Valleri, will each receive $2.9 million, proportional to their shares in Neutrino. In the meantime, 360 Capital, an EU venture capital firm that i..
Blockchain analytics firm Chainalysis has published a statement clarifying that it does not collect or sell users’ personal data when it provides its services to cryptocurrency exchanges. New York-based blockchain analytics firm Chainalysis has published an official statement clarifying that it does not collect or sell users’ personal data when it provides its services to cryptocurrency exchanges. The statement was published in a company blog post on March 5. Chainalysis is one of the highest-profile firms in the blockchain intelligence industry, providing technology — such as its proprietary KYT (Know Your Transaction) tool — that enables firms, governments and law enforcement agencies to monitor blockchain transactions and track suspected illicit activities, such as money laundering or terrorist financing. As reported, allegations that such firms may be circulating their clients’ user data surfaced last week in the midst of community backlash over Coinbase’s controversial acquisitio..
Major United States crypto exchange Coinbase has reportedly hired a veteran of Amazon Web Services to develop staking and governance solutions for its crypto custodial services. Major United States crypto exchange and wallet service provider Coinbase has reportedly hired a veteran of Amazon Web Services to develop staking and governance solutions for its crypto custodial services. The news was reported by The Block on March 4. Citing an alleged internal memo, the report claims that Luke Youngblood — formerly a principal solutions architect at AWS — has been hired to develop new staking and governance products, which will reportedly “provide Coinbase Custody clients with the ability to interact seamlessly with crypto-networks while maintaining the utmost security of their assets in Custody.” As of press time, Youngblood’s LinkedIn profile has not been updated to reflect the new reported appointment. Again omitted from his LinkedIn, Youngblood is also reportedly the founder and chief te..