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Huobi Extends Support Towards Stellar Lumen token (XLM)

The Huobi crypto exchange in a recently made announcement on the 25thJuly revealed that it will be extending its support toward the Stellar Lumen token (XLM) on the Huobi Global exchange platform. As per the statement released to the press, the deposits were ready from 16.30 (GMT+8) time.

Huobi revealed that in terms of the pairs that it will be supporting, XLM can be traded against both Ethereum (ETH) and Bitcoin (BTC) as of July 26 (GMT+8) time. It further added that however, withdrawals won’t be available for the users until July 28.

According to the latest reports, both Stellar Lumens and Huobi have successfully implemented some of their long-term goals. Huobi, for instance, has been taking of late all necessary measures to introduce the crypto sphere to investors via its API and transaction environment. Likewise, the crypto exchange also shared how it is going to distribute the BIX tokens on its platform. The BIX tokens were launched on July 24, 2018.

Considering the efforts made by Stellar, it has been observed that the open-source protocol has earned a partnership with Kodak. With this partnership, it plans to release the duo’s product KODAKONE. As reported in the Bitcoin Exchange Guide, KODAKONE will use blockchain technology to support artists and photographers. It will also ensure that they get compensated for their achievements. The KODAKCoin token will also be issued for both creators and buyers as a payment method.

Stellar’s XLM tokens are said to be working towards a certificate that will allow users to view the tokens as being “Sharia”. This makes it the first of its kind to set such a mark. The recent XLM’s price was $0.32, with a market capitalization of around $5.8 billion. Within the last two weeks, XLM has shown a 60 percent growth from USD$0.20 to USD$0.32.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Jesmine Rahman holds 15+ years of professional writing experience of working with reputed Indian dailies like the Times of India and the Indian Express. She also holds a rich experience of working as a Senior Technical Content Specialist with a reputed IT company. for 10 years. She writes crypto news on OWLT Market.

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