There is some good news to follow for the Stellar (XLM) users. The biggest exchange in Canada has acquired StellarX. StellarX is a new trading platform which is built on the Stellar universal marketplace. It is fast, free of cost, and list every asset class which include, crypto, fiat, commodities, etc.
The StellarX platform will carry on with the roadmap which they announced last summer. The developing team and designers at Coinsquare will work on the StellarX platform and make it a product which will make it famous in crypto world while operating and growing under its own brand.
The reason why CoinSquare has acquired StellarX is that it has some great potential. As per the dollar-equivalent volume, it comes in top three decentralized marketplace. Despite such a bear market, StellarX holds tens of millions of dollars in different Holders account. This all progress will help the growth of StellarX platform and this will ultimately help increase the adoption of Stellar (XLM).
To help StellarX become a bigger brand, Coinsquare will play a key role and it would fulfill its potential. Coinsquare is a big platform and it will provide StellarX a great exposure. The key aspect is that it has a very close relationship with the regulatory authorities in Canada, U.S., and Europe. The of Montreal in one of their key banking partners and Coinsquare knows the mentality of Stellar network as they have acquired BlockEQ before.
Things are getting better for StellarX and they have a strong and dedicated mobile team and the entire team believes that the StellarX mobile app will be a helpful and easy to use. New things have been added to StellarX for instance new fiat tethers and security tokens, which were not previously part of this platform.
Considering the growth of StellarX, Stellar (XLM) ecosystem will be highly boosted up by this. Being one of the top digital networks, XLM is heading in the right direction. There are many other aspects that make XLM to be prime crypto of the future.
Scrutinizing the market, Stellar (XLM) was trading with a price of $0.075 USD with a market cap of $1.4 million and a trading volume of $185 million. The investors need to note the importance of XLM and it is crypto which will bring HODLers long-term fortunes.