Stellar (XLM) has just surpassed Binance Coin (BNB) on CoinMarketCap (CMC). The news about the Coinbase Pro listing served as the main catalyst behind its most recent price spike.
The power of Coinbase
On March 14, it was announced that XLM was listed on Coinbase Pro, the leading professional cryptocurrency exchange in America. As reported earlier by U.Today, XLM was featured on the list of 30 digital assets that Coinbase would support in the future.
Inbound transfers for XLM are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/NgCiWEkii8— Coinbase Pro (@CoinbasePro) March 13, 2019
It is yet to be known when the asset will become available on Coinbase’s retail platforms, but it will most likely follow the path of XRP, which appeared on coinbase.com a tad later than on the professional platform.
A 30 percent price increase
At press time, Stellar (XLM) is the seventh biggest currency by market capitalization after recently overtaking Tether (USDT) and Binance Coin (BNB). The Stellar price spiked by more than 30 percent over the last five days. The bullish momentum started when German media company Börsenmedien AG bought a stake in XLM-based startup Satoshi Pay.