Binance, is a cryptocurrency exchange founded by a team of fintech and crypto experts. There are claims that it is capable of processing more than 1.4 million orders per second, making it one of the fastest exchanges in the market. At first glance, it appears that the platform focuses on security, robustness, and execution speed. As part of their growth offerings, they announced yesterday that they've begun to add Stellar lumens (XLM), the native digital currency of the Stellar network trade. This new listing of XLM will allow cryptocurrency traders the opportunity to have an additional avenue to purchase or sell XLM tokens.
Here's some information about Stellar:
Stellar is an open-source blockchain network that provides interoperability between financial institutions and different payment networks, making cross currency and cross asset payments much faster, more efficient, and less costly than ever before. Stellar’s distributed ledger provides an instant clearing and settlement platform, enabling money to move directly between people, companies and financial institutions as easily as email. Within the network, lumens serve as a bridge asset between pairs of different currencies.
“We’re thrilled that Binance is now supporting XLM,” said Jed McCaleb, cofounder of Stellar.org. “We believe that as more people hold XLM, it will positively contribute to the growth of the Stellar network. This will help Stellar reach its goal of becoming an open standard for our financial system, in order to make financial transactions quicker and more cost-effective than ever before.”
“We like the strategic approach of Stellar’s results-driven team and its growing community. We believe the collective efforts of focused projects like this are necessary to move the blockchain industry forward,” says Changpeng Zhao, CEO of Binance.
by Whit Gallimore
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