Gibraltar Blockchain Exchange Adds Steller Lumen (XLM) To GBX-DAX
Gibraltar Blockchain Exchange (GBX) is an established as a trusted, secure, institutional-grade token sale platform (GBX-GRID) and digital asset exchange (GBX-DAX). They have recently announced that they are adding XLM to GBX-DAX.
Stellar is a distributed payment network built on the Blockchain, facilitating cross-asset transfers of value, including payments in both fiat-based currencies as well as cryptocurrencies. XLM is known for enhancing interoperability between diverse financial systems and currencies, enabling the frictionless movement of money between people, companies and financial institutions. This increases the access for individuals, lowering costs for banks, and generating more revenue for businesses.
GBX-DAX is a digital asset exchange that is designed to ensure ease in use. Following relevant experience with the capital markets from its parent company Gibraltar Stock Exchange (GSX), GBX-DAX is built on great governance as well as good practices.
Founder of GBX Sponsor Firm, Rampart Corporate Services, Peter Howitt said:
“We are delighted to have worked with Kurt and the GBX team and Boris Reznikov of Stellar Partnerships to act as the sponsor firm for Stellar (XLM) on the Gibraltar Blockchain Exchange. Stellar is a great brand with the potential to help bring borderless safe and low-cost payments to the world and is a great fit for GBX.”
The CEO of Gibraltar Stock Exchange (GSX) Group, Nick Cowan, when asked about the listing of XLM replied:
“As a blockchain exchange, GBX continues to go from strength to strength — building a better experience for our users. Stellar is an exciting and welcome addition to our already strong roster of tokens available for trading on the GBX-DAX. The promise of a more liquid, frictionless payments infrastructure built on the blockchain is one that aligns greatly with our mission at the GBX, and one that we hope will help us achieve our overall goal, as an industry, to increase global and institutional adoption of digital assets as the next stage in the evolution of finance.”
On GBX, XLM will be available through 5 trading pairs; XLM/USD, XLM/EUR, XLM/GBP, XLM/ETH, and XLM/BTC.
GBX has ramped up its listing efforts. Just earlier this week, they listed Tron (TRX) Token for Trading. Prior to that but in January 2019 itself, they added XRP.
