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Stellar Lumens [XLM] against fiat trading supported by CEX.IO

Joel Mathew



Stellar Lumens [XLM] against fiat trading supported by CEX.IO
Source: Flickr

Stellar Lumens [XLM] has stated that the cryptocurrency exchange platform CEX.IO has begun margin trading. According to the official Twitter pages of both the companies, users can trade in fiat, cryptocurrency, and Trade in Margin.

XLM is currently trading at a $0.43 with a market capitalization of $8.1 billion and is ranked number 8 on CoinMarketcap. The stellar market has seen a surge in its price by 25% in the past one week. It continues to represent an upward trend in the 24-hour cycle.

CEX.IO is a platform that allows users to buy coins through linking their credit/debit card. Stellar Lumens was listed on the exchange platform earlier this year after the prices were on a rise.

Margin Trading is an effective strategy as it lures lots of people with insufficient funds to buy cryptocurrency. Trading on margin in a financial market refers to the borrowing of funds from brokers to buy stock.

CEX.IO joined the crypto-sphere in the year 2013 as a cloud mine for Bitcoin. Gradually the company shifted to act as an exchange platform for cryptocurrencies. Trading cryptocurrencies for fiat money are provided by the company.

CEX.IO is one of the most notable Bitcoin trading platforms in the world. It is the first platform to provide credit card payments. The transaction fee charged is 0.2% which is comparatively low in the market.

Tweet by Stellar Lumens

Tweet by Stellar Lumens

Fabian, Twitterati says:

“Did you improve your margin trading within the past ~5 months? The last time I checked, it was a horrible mess and very dangerous compared to margin trading at other exchanges! (Eg. only market close and only full amount at once. and no possibility to settle the position)”

Julian, a crypto-enthusiast says:

“I always looked at the market as giant bubbles that will eventually burst and the whole economy it carries on its blockchain will be washed off. Maybe this is not the case as yesterday I checked the prices in some of the platforms and it seems like XLM and TRON are worth an investment.”

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Joel Mathew is a full-time creative content writer for AMB Crypto. He's an English honors graduate from Christ University. He's skilled in research analyses and produces valuable content in the field of blockchain and cryptocurrency.



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