Introducing Stellar Lumens (XLM) and Paxos Standard (PAX) at Bitstamp with zero fees until September!
We’re excited to add support for Stellar Lumens (XLM), one of the oldest active cryptocurrencies, and Paxos Standard (PAX), our first stablecoin!
Both new assets will be paired with USD, EUR, BTC and GBP. PAX will also be paired with XRP and ETH (full list below). All new pairs will have no trading fees until 1 September 2020!
We’re adding XLM and PAX trading in the following stages:
1. Transfer-only mode: Deposits and withdrawals open but trading is not enabled yet.
PAX: Monday, 8 June 2020
XLM: Monday, 15 June 2020
2. Post-only mode: You will be able to place and cancel limit orders, but they will not be matched. Therefore, no orders will actually be completed during this stage.
PAX: Wednesday, 10 June at 7:00 AM UTC
XLM: Wednesday, 17 June at 7:00 AM UTC
3. Limit-only mode: Order matching will start and trades will be executed normally. However, only limit orders will be available.
PAX: Wednesday, 10 June at 11:00 AM UTC
XLM: Wednesday, 17 June at 11:00 AM UTC
4. Full trading: Once the order books gather sufficient liquidity, we will enable all order types and card purchases for the new trading pairs as well.
Follow us on Twitter for updates on the roll out of the new XLM and PAX pairs.
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Here is a full list of the PAX and XLM trading pairs we’re adding:
Stellar Lumens (XLM) are tokens built on Stellar’s decentralized, open-source protocol, which allows digital representations of any form of money, from BTC to USD or EUR, to be transferred cross-border with negligible fees. XLM is Stellar’s native currency token.
Paxos Standard (PAX) is a stablecoin pegged to the US dollar and issued by the Paxos Trust Company. PAX’s price stability is ensured through 1:1 backing with USD. It is built on the Ethereum blockchain, following the ERC-20 protocol.
These assets have successfully completed our internal review process, making them eligible for listing. We are reviewing a number of additional assets and will keep you updated as new listings are confirmed.