The Big News: Stellar Lumens is Coming to New York!
In a recent tweet that resonated with crypto enthusiasts and New Yorkers alike, Coinbase announced that residents of the Empire State can finally trade Stellar’s Lumens (XLM). This groundbreaking news came directly from the exchange’s official account on September 25, paving the way for New York users to buy, sell, convert, send, receive, and store XLM. No more fomo, New York!
What’s New and How to Get Involved
According to Coinbase, New Yorkers can log in to the app or the website to engage with XLM. The announcement reads:
“New Yorkers can now log in to buy, sell, convert, send, receive, or store XLM on Coinbase or using our iOS and Android apps.”
If you’ve been waiting to jump into the world of Stellar Lumens, the time is now!
The Challenges in the Land of Regulations
New York has a reputation for stringent crypto regulations, notably following the introduction of the infamous BitLicense back in August 2015. This licensing requirement was like a bouncer at an exclusive club, forcing many crypto companies to pack their bags and leave. This phenomenon has been humorously dubbed the “BitExodus.”
What Does This Mean for Future Assets?
Coinbase hasn’t stopped at just adding XLM. As reported by Cointelegraph, the exchange is eyeing 16 additional digital assets, including Telegram’s Gram. However, don’t set your expectations too high just yet. The addition of these new assets will follow a jurisdiction-by-jurisdiction approach, which might leave some users waiting longer than others.
Final Thoughts
For New York residents, the arrival of Stellar Lumens on Coinbase is a significant victory in a landscape dotted with regulatory hurdles. Whether you’re a seasoned trader or a curious newbie captivated by crypto, XLM trading has just become a reality. Buckle up, keep your wallets secure, and happy trading!
+ There are no comments
Add yours