Gibraltar Blockchain Exchange’s Digital Asset Exchange Announces Listing of Stellar Lumens (XLM) for Trading

January 30, 2019         By: Payment Week

Gibraltar – 30 January 2019The Gibraltar Blockchain Exchange (GBX), an institutional-grade, regulated and insured token sale platform and digital asset exchange, today announced the addition of Stellar Lumens (XLM) to its Digital Asset Exchange (GBX-DAX), a state-of-the-art exchange created with the high expectations of professional crypto-traders in mind. XLM has been brought to the GBX-DAX by Sponsor Firm Rampart Corporate Services, and follows the addition of XRP, EOS, and TRON in recent weeks.

Nick Cowan, Managing Director and Founder of the GSX (Gibraltar Stock Exchange) Group Limited said, “Already, we have made significant strides in 2019 in delivering on our mission to set the highest standards in institutional-grade token sales, providing our users with the most dynamic trading experience possible. The addition of XLM is another landmark moment for the exchange, as our status continues to rise within the global trading community.”

The Stellar network enables money to move directly between people, companies, and financial institutions quickly and simply. Stellar Lumens (XLM), the native asset of the Stellar network, are a cryptocurrency-based payment solution on a global scale, aiming to make cross-border payments cheaper and more efficient.

Peter Howitt, Founder of Gibraltar based law firm Ramparts, the Sponsor Firm involved in bringing XLM to the GBX-DAX 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 GBX-DAX is a digital asset exchange  built on institutional-grade best practices and good governance, derived from the capital markets experience gained through the GBX’s parent company, the Gibraltar Stock Exchange (GSX), an EU-regulated stock exchange. The GBX-DAX platform has been designed to be highly intuitive and easy to use. From strict verification requirements to the listing of a wide range of assets, every aspect of the GBX-DAX works towards creating the most professional and secure trading environment possible.

“I’m pleased to add yet another leading token to the GBX-DAX. XLM tokens are built on the principles of efficiency and speed – the same principles that underpin our efforts here at GSX Group. We have outlined an ambitious roadmap for the year ahead which will see us continue to expand our token listing offering. Adding tokens such as XRP, EOS, TRON, and now XLM this month alone assertively underlines our credentials as a bonafide platform for the trading of high-profile tokens,” concluded Cowan.

For more information, visit https://exchange.gbx.gi/

 


About the GBX

The Gibraltar Blockchain Exchange (GBX) is a world-leading institutional-grade token sale platform and Digital Asset Exchange that is a part of the GSX Group, which also includes the Gibraltar Stock Exchange (GSX), a European Union (EU) regulated stock exchange. The GBX is a global listing and token sales springboard for utility tokens that have satisfied a strict due diligence and admissions process as well as a high-quality Digital Asset Exchange. The GBX is setting a higher standard for token issuance and trading through best practices and good governance, for the benefit of all market participants. The GBX received its full Distributed Ledger Technology (DLT) Licence from the Gibraltar Financial Services Commission (GFSC) in November 2018.

 


About Stellar

Stellar (XLM) is a Silicon Valley-based nonprofit organization that supports the Stellar network – a free, open-source network that connects diverse financial systems and lets anyone build low-cost financial services – payments, savings, loans, insurance – for their community. The Stellar network enables money to move directly between people, companies, and financial institutions as easily as email. This interconnectivity means more access for individuals, lower costs for banks, and more revenue for businesses.

 


About Rampart Corporate Services

RCSL is part of the Ramparts group, founded by Peter Howitt in 2012 with offices in Gibraltar and Manchester. The Ramparts team specialise in English, Gibraltarian and EU law, and assist clients worldwide with European commercial and regulatory matters. In the last few years, Ramparts has grown its client base and revenue in the cryptocurrency, blockchain and DLT sectors where it is a leading firm.