Stellar Lumens (XLM) trading will now be available to Coinbase users in New York state for the first time.
Major United States-based cryptocurrency exchange Coinbase that it made Stellar’s Lumens (XLM) trading available also to those users who reside in New York.
The exchange made the announcement in a tweet sent by its official Twitter account on Sept. 25. New York state residents can now trade, store, send and receive Stellar Lumens using both the service’s official website and mobile app.
The company announced:
“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 Coinbase or using our iOS and Android apps.”
New York’s stringent crypto regulation
The state of New York is known for stringent cryptocurrency regulation after the introduction of the BitLicense in August 2015.
The license requirement has driven various crypto companies to leave the state and stop offering services to New York residents, which some referred to as “BitExodus.”
As Cointelegraph recently reported, Coinbase is considering adding support for Telegram’s Gram and 16 additional digital assets. That being said, the exchange admitted that the trading of those assets may not start everywhere at the same time — suggesting that places like New York may once again have to wait. Coinbase stated:
“We will add new assets on a jurisdiction-by-jurisdiction basis, subject to applicable review and authorizations.”
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.