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Stellar Lumens [XLM] is now on Huobi, possibilities abound

Akash Anand



Stellar Lumens [XLM] is now on Huobi, possibilities abound
Source: Unsplash

Today Huobi Global, one of the leading exchange platforms in the cryptocurrency industry announced that it will allow trading of Stellar [XLM] from 26th July. The deposits will be available from 25th July whereas withdrawals will be available from 28th July.

Huobi has a string of updates in its pipeline with plans to attract more investors, a fully functional stable Application Programming Interface [API] and a transaction environment that will be more stable and seamless for the users to trade on. The company was also in the news recently after it launched the BIX token on 24th July. Huobi’s official website stated:

“Successfully registered and verified users with cumulative BIX trading volume (Buying + Selling volume without executed volume) from 15:00, July 25 to 15:00, July 28 (GMT+8) will receive the same amount of BIX, up to a maximum of 28 BIX each. We will give 156166 BIX in total according to the order of trading volume during the campaign, whilst stocks last. Rewards will be given in 5 working days.”

Stellar has been seeing some positive changes with XLM being the only token that saw a 20% hike among the top 30 cryptocurrencies last week. Recently, Stellar announced with a tweet that it has partnered with Kodak to power their flagship product, KODAKONE. It uses crawlers on the internet to create a network where Stellar can use its blockchain technology to identify intellectual properties.

The network will also identify the original owners of the products and the tags put forth by KODAKONE. The Stellar powered blockchain will also give photographers and artists the opportunity to be reimbursed for their work. The American photography company has also created a token called KODAKCoin that is designed exclusively to work with KODAKONE.

Stellar has also gained a mass appeal within the cryptocurrency world with the news that XLM may be listed on Coinbase exchange. The news gave a boost to XLM in the market with the coin showing a marked pump of 69%, which was staggering compared to the other cryptocurrencies. XLM also has the distinction of being the first cryptocurrency to receive the Sharia Certification for transactions and the tokenization of assets.

At the timing of writing, XLM is trading at $0.299 with a market cap of $5.605 billion. The coin is holding the sixth position in terms of market capitalization and has seen a growth of 0.43% over the past twenty-four hours.

Thedrone, a cryptocurrency user commented on the announcement post:

“WOW! This was expected man. Pretty sure they are gonna list all the favs soon. Hell yes!”

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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.