Stellar, Dash coin is now available on AvaTrade as the platform adds them to its CFDs suite.
Stellar Makes Gets Added to AvaTradeStellar (XLM) and Dashcoin appears to be moving towards faster adoption as crypto products trading platform, AvaTrade adds them to its portfolio of CFDs. Reinforcing the belief that the crypto derivatives market is experiencing a steady growth, the platform announced this via a press release.
The platform will be showcasing XLM/USD pair and DASH/USD pairs. True to form, despite the constant criticisms levelled against the crypto space, it has experienced a steady growth with the derivatives market making up a significant percentage of this growth.
AvaTrade, on the other hand, has not been left out of this growth as it was noted to be expanding its portfolio at an aggressive rate. Hence, for Stellar, this move seems like a push in the positive direction.
Stellar Steadily Heading to the Moon
Though the crypto market seems to say otherwise, Srellar Lumens and its native token (XLM) seems to be heading steadily to the moon. While it might relatively be the new kid on the block, Stellar has been seen to make remarkable progress as it gains traction in the mainstream scenes.
Its strategic partnership with IBM made waves upon announcement and from being listed on exchanges the digital asset moved to indices and CFDs platform. TradeBlock, a blockchain assets enterprise grade tools provider, recently announced that it will launch Stellar indices, XLMX.
TradeBlock’s indices is set to, through reference rates provided, enhance price discovery for XLM and other digital assets. The indices are also set to provide institutional quality reference for the USD-dominated prices of the coin thus pushing the coin towards mainstream adoption.
By providing a basis for the development of crypto and blockchain innovative projects, Stellar had also gained entrance onto various digital exchanges and blockchain companies. Blockchain Solution provider, Alphapoint, recently announced its support for Stellar Lumens.
As a company that provides a platform for digital exchanges to scale their operations, AlphaPoint’s partnership with Stellar Lumens meant that its base of operations will be moved to the Stellar blockchain.
This move appears to be a push towards bridging the chasm between traditional institutions and the crypto world. Also moving forward, Stellar Lumens Foundation announced that it was in the final stages of preparing for the launch of its decentralised trading platform, SDEX.
With the continuous development on Stellar ecosystem, analysts and enthusiasts think that the blockchain project might be heading for the moon in the future. .
Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.