Stellar can now be easily accessed in the Middle East as crypto exchange BitOasis adds Stellar Lumens XLM to its trading platform.
Clearly, Stellar has been one of the rare coins still standing despite the price war in the crypto market in 2018. With cryptocurrencies sensitive to any mode and movement in their direction, it is hardly surprising that Stellar has continued to bloom despite the storm in the market.
BitOasis, a cryptocurrency exchange with operations based in the Middle East and some parts of North Africa, recently announced that Stellar (XLM) had been listed for trading on its platform.
The Exchange published a press release to that effect which explains that the cryptocurrency will be paired against the United Arab Emirates Dirham (the local currency). BitOasis, in its press release, pointed out that its customers will be able to trade XLM without trading fees.
“We are very pleased to announce that Stellar (XLM) is now available on our digital asset trading exchange platform with 0% trading fees until November 27th, 2018. https://t.co/6p2kl5xSmN
The Exchange further pointed out that the customers will be able to buy and sell the cryptocurrency provided they all reside in Oman, Bahrain, Kuwait, Saudi Arabia and the United Arab Emirates.
Stellar Slowly Gaining Traction
This news comes in the wake of Coinbase’s recent announcement of its consideration of pairing the coin on its platform. True to form, the San Francisco-based exchange had recently selected 5 coins for close monitoring and had subsequently added two of these coins.
Speculations had pointed out that XLM could be the next coin to be added by the exchange. This is because it has been seen to have managed to keep afloat despite the plummeting of the crypto market which wiped off tens of billions off the total market cap leaving a cap of about $160 million.
Earlier this year, IBM announced that it would be partnering with Stellar and will to that effect, use XLM as the native token for its crypto sphere projects. Stellar was built as a blockchain network which with IBM’s connection with various banks across the globe is sure to guarantee XLM a place in the world.