The announcement made on an unofficial page of Stellar Lumens on Facebook indicated that ChangeNow, an exchange dealing with multiple cryptocurrencies, will start offering Stellar Lumens to its customers. The exchange allows the exchange of fiat currency or cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Dash (DASH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Monero (XMR) amongst others.
The latest addition of XLM to ChangeNOW is expected to boost the overall adoption rate of XLM as it provides a simple and efficient exchange to obtain XLM coins. The ChangeNOW exchange employs a NOW token that functions similarly to Binance Coin (BNB) in offering discounts for the transactions made on the platform.
ChangeNow Exchange benefits to XLM
ChangeNOW is a handy and user-friendly platform for cryptocurrency exchanges that works without registration and limits. The platform allows to make a quick exchanges without a hustle. In essence, if you want to exchange Bitcoin to Ethereum, type in the amount of BTC you would like to exchange in the “You send” section and choose “BTC” from the drop-down menu. Then choose “ETH” from the drop-down menu in the “You Get” section and the service will automatically calculate the amount of Ethereum you’ll get. If everything is OK, click on the “Exchange” button. Enter your address, confirm the transaction and there you go. You complete your purchase easily.
With some of the most competitive rates around in the world of crypto exchanges, ChangeNOW offers a cheap and simple way to obtain XLM coins.
XLM price analysis
The announcement did not have an impact in the price of XLM as the coin remained 6th on the Coinmarketcap standings with a total market capitalization of $4,056,074,598 USD. A 10% drop in price in the last 24 hours should be a concern for the XLM holders as the drop made Stellar the third highest drop in the top 10 cryptocurrency list.