CoinField ready to launch the XLM / XRP exchange pair
Stellar lumens #XLM will be listed on CoinField as #XRPBASED "XLM / XRP" pair with 6 direct fiat pairs: USD, CAD, EUR, GBP, JPY and AED.@StellarOrg @StellarLumens @KingRippleXRP @niccary @RealJohnDough @ Ripple_XRP1 @xrp_news @XRPtheone @XRPstreetTEAM @XrpCenter @BankXRP pic.twitter.com/PVAtkW0PhY
– CoinField (@coinfieldEX) December 12, 2018
They will be other exchange pairs to the exchange XLM / USD, XLM / CAD, XLM / EUR, XLM / GBP, XLM / JPY and XLM / AED. This is very positive for XLM, a virtual currency and blockchain platform that has grown in recent months.
The exchange of virtual currencies also announced that the trading platform is currently active in 61 countries around the world. Moreover, XRP exchange pairs had only 0.05% fixed fee.
Stellar lumens (XLM) is currently the fourth largest virtual currency in the market with a market capitalization of $ 1.99 billion. Each XLM coin can be purchased for $ 0.104. XRP, on the other hand, is the second largest virtual currency after Bitcoin (BTC). It has a market capitalization of $ 12.15 billion and each XRP can be purchased around $ 0.2968, according to CoinMarketCap.
A few weeks ago, when the cryptocurrency market started to plummet, XRP was able to overcome Ethereum (ETH) as the second largest virtual currency on the market.
XRP and XLM they are competitors because they both offer similar services to financial companies. However, XLM also tries to connect individuals rather than just institutions. Jed McCaleb is the co-founder of Stellar and also former CTO of Ripple.
XRP it has also expanded on the market in recent months. Ripple is signing new partnerships with financial institutions from around the world trying to help them process cross-border payments. In the future, banks could start using XRP-related xRapid product and allow companies to reduce transaction costs and time.