Stellar-Based Zero-Fee Decentralized Crypto Exchange StellarX Is Now Fully Launched

After being unveiled in July of this 12 months, the zero-fee decentralized trading platform StellarX has now been totally launched.

StellarX, a Stellar-based zero-fee decentralized crypto change has left its beta section and was totally launched Friday, September 28. The launch was introduced in a weblog publish by Interstellar, the corporate behind the platform.

The change, initially introduced in July this 12 months, relies on Stellar’s (XLM) common market. Stellar is an open-source protocol for cryptocurrency to fiat transfers. Its personal cryptocurrency XLM is presently the sixth largest, with a market cap of $4.eight billion, in keeping with CoinMarketCap.

According to the newest press launch, StellarX positions itself as a “actual fiat onramp,” because it permits customers to deposit U.S. {dollars} straight from a U.S. checking account. In addition, the change reveals digital tokens for plenty of fiat currencies, equivalent to euro, Chinese yuan, Hong Kong greenback, the British pound, and others


StellarX Trading App Interface. Source: StellarX Medium

In the weblog publish StellarX additionally revealed its plans so as to add digitized variations of different kinds of belongings, equivalent to bonds, shares, actual property, and commodities.

Comparing itself to Robinhood, a significant U.S. monetary providers supplier that began providing zero-fee crypto trading in February of this 12 months, StellarX has confused that utilizing its platform prices the customers “nothing.” This is because of the firm’s promise to “refund [all network fees].”

In early September, Robinhood itself revealed plans to conduct an preliminary public providing (IPO), claiming that it’s present process audits by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), to be able to guarantee full regulatory compliance.

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