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NDAX Becomes First Canadian Exchange to List Lumen (XLM) – Offering 0% Trading Fees Until January 31st, 2019
To celebrate the launch of the new trading platform, National Digital Asset Exchange (“NDAX”) is pleased to announce the listing of Lumen (XLM), the native asset of the Stellar network. NDAX becomes Canada’s first exchange to add support for the XLM token, allowing users to purchase and sell directly with Canadian dollars (CAD). It is the seventh cryptocurrency listed on the exchange after Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and EOS (EOS). Until January 31st, 2019, users will enjoy free trading fees when purchasing or selling the XLM token.
Co-founded by Jed McCaleb – one of the founders of Ripple – Stellar is a decentralized, open-source payments network that utilizes XLM as the official cryptocurrency to facilitate fast, reliable and low-cost transactions across the world.
With over 1,000 cryptocurrencies in existence, you’ll find most people are familiar with some of the largest coins by market cap such as Bitcoin, XRP and Ethereum. XLM recently climbed its way to the top five cryptocurrencies, and here’s why Stellar has established itself as one of the industry’s biggest players.
With this sleek new infrastructure, the new user-friendly interface is a game changer for the fintech industry. NDAX has quickly become a leader in digital asset trading by offering a powerful, innovative, and feature-rich web experience that fits the needs of any investor level.
From a global transaction perspective, banks serve as critical hubs for transferring value. While the potential use cases of blockchain are being explored for various industries, payment gateways based on blockchain technology can enable banks to streamline their clearing and settlement process considerably. Blockchain is a modern way for banks to offer a frictionless experience to transfer funds globally on a verifiable, tamper-proof and highly transparent digital ledger.
In particular, blockchain-banking has emerged as a clear alternative to SWIFT (a messaging network used by banks worldwide to send and receive information) by linking financial institutions around the world and settle cross-border payments within a few seconds. Many of the world’s largest banks, including Barclays and Bank of America, are experimenting with blockchain to expedite settlement times and significantly reduce back office functions, which many in the financial services industry say could shave nearly $20B in middleman costs. Companies like Stellar and Ripple are connecting banks, financial institutions and merchant service providers via blockchain technology to send and receive money globally with no friction.
National Digital Asset Exchange (NDAX) is a Calgary-based cryptocurrency exchange allowing Canadians from coast to coast to trade digital assets in the fastest, safest and most affordable manner. The company is registered with FINTRAC as a licensed Money Services Business (MSB) and adheres to anti-money laundering (AML) and know your client (KYC) policies and procedures. NDAX Canadian banking ensures client deposits stay in Canada and allows users to transact in a quick and compliant manner. Other core advantages include: 24/7 live customer support, instant ID verification, and advanced trading options. Visit www.ndax.io to create your account and start trading today!
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Last modified (UTC): September 24, 2019 3:23 PM