OK Group-backed Prime Trust lists Stellar Lumens

  • 09 October 2020, Friday, 08:06
OK Group-backed Prime Trust lists Stellar Lumens
Source: Pixabay

Prime Trust, the API-enabled B2B financial solutions provider has announced the addition of Stellar Lumens ($XLM) to their list of supported cryptocurrencies. The addition of XLM comes in response to the overwhelming demand customers have expressed.

Source: CoinMarketCap

XLM was trading at $0.073 at the time of writing, up 2.00% in the last 24 hours. The 18th largest cryptocurrency by market cap was started by the Ripple founder Jed McCaleb and serves as a bridge that makes it less expensive to trade assets across borders. “The addition of Stellar further supports customers who use the Prime Trust ecosystem,” said Scott Purcell, CEO of Prime Trust and added,

“The demand for Prime Trust’s services has grown significantly over the past few months, and has led to new customer relationships – especially in the blockchain space. We’re proud to broaden our list of cryptocurrencies in order to help customers grow their business and expand their reach internationally.”

Prime Trust, which serves as OKCoin’s fiat gateway, primarily lists fiat-backed stablecoins, and listing XLM represents a step towards expanding their list of cryptocurrencies.

XLM has been listed on several top exchanges including Binance, Coinbase, and Huobi, as well as incorporated in Grayscale’s AUM in the Stellar Lumens Trust. A unique feature in an era of high fees is each transaction costs just 0.00001 XLM.

This partnership with Prime Trust which offers feeless custodial services would match Stellar’s vision of unlocking economic potential by making money more fluid and markets more open.

Source: ambcrypto.com