Stellar (XLM & Tron (TRX) – Most of the cryptocurrency market is in the green this morning, as we kick off our Tuesday. Ethereum (ETH) is still trading well below $550, but Bitcoin (BTC) seems to be making a surge towards the $7,000 range. Tron (TRX) remains the top coin with percentage gains today on the market, out of the top 100 cryptocurrencies.
Let’s take a look at the latest developments of two top 10 coins; Stellar and Tron.
Stellar (XLM)
ItBit is the first qualified custodian & licensed exchange to receive approval from the New York State Department of Financial Services to offer Stellar Lumens.https://t.co/PSyD2ddNUd https://t.co/BIgNZuCKiy[1][2]
— Stellar (@StellarOrg) June 14, 2018[3]
ItBit made the announcement[4] last week that it would be adding Ethereum (ETH), Bitcoin Cash (BCH) and Stellar (XLM) to its regulated cryptocurrency exchange platform. This is big news for the cryptocurrency, as ItBit is the first licensed cryptocurrency exchange to receive approval from the New York State Department and because of this, all cryptocurrencies can be offered in all 50 states.
Stellar was chosen over its “big brother” Ripple (XRP), which remains as the third largest cryptocurrency. XLM was chosen over EOS, IOTA and ADA all within the top 10 cryptocurrencies by market cap.
There are rumors[5] circulating that the Stellar Development Foundation (SDF) is planning on launching its own decentralized trading platform (SDEX). These rumors have yet to be credibly confirmed, but the exchange is “expected” to launch sometime next month – we’ll see.
At press time, XLM is trading at $0.237 a coin, up 4.69%, in 24 hours.
