Coinbase Lists XLM and LINK for New York-Based Traders

Leading US-based crypto exchange Coinbase has added two more digital currencies - Stellar Lumens (XLM) and Chainlink (LINK) - to its offering to New York-based traders, the company announced on Thursday.

The exchange listed Stellar Lumens on its platform in March, while Chainlink debuted on it for trading in June. Though traders in almost all jurisdictions were able to trade with these digital currencies, New York residents were barred due to regulatory hurdles.

Stellar Lumens (XLM) is now available to Coinbase users who are New York residents. New Yorkers can now log in to buy, sell, convert, send, receive, or store XLM on https://t.co/bCG11KMQ6s or using our iOS and Android apps. https://t.co/gArFJPP6K7 pic.twitter.com/eTtVaH9JdT

— Coinbase (@coinbase) September 25, 2019

With this extension of service, New York residents can now buy, sell, send, and receive both the digital currencies either from Coinbase.com or the mobile applications of the platform.

Two promising Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term projects

XLM is the native token of the Stellar Network which facilitates cross-asset transfers of value. With a market capitalization of more than $1.2 billion, XLM is one of the top ten digital currencies available in the market. In the past 24 hours, the coin rallied up around eight percent and is currently trading at $0.059 apiece, per Coinmarketcap.com’s data.

Chainlink, on the other hand, is an Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term-based digital token developed to power the decentralized platform of the company which provides an API bridging service to connect smart contract platforms. Launched in 2017, the coin performed remarkably on the market and is now trading at $1.73 with a market cap of over $605 million.

Coinbase is constantly trying to expand its services in new markets and also by offering new trading digital coins to its existing customers. The exchange recently listed Dash, while two exchanges - Upbit and OKEx - delisted the coin.

The San Francisco-headquartered exchange also has plans to list 17 more coins with include Telegram’s Gram token, Polkadot, and Filecoin.