Coinbase Pro added support for Stellar (XLM), enabling deposits and trading. The listing follows Stellar's recent logo redesign and could lead to XLM being added to the main Coinbase exchange, historically boosting cryptocurrency prices.
Coinbase Pro announced support for Stellar (XLM), allowing deposits starting at 1pm PT with trading beginning 12 hours later. The listing comes shortly after Stellar rebranded with a new logo, replacing its cartoon rocketship with a sharper design. Coinbase Pro listings typically precede additions to the main Coinbase platform by days, suggesting XLM may soon be available to mainstream users. Coinbase listings have historically driven significant price increases for cryptocurrencies, though XLM rose only 5% following the announcement after already gaining 29% over the previous week. The timing of the logo redesign and listing sparked speculation about additional announcements from Stellar, though predicted announcements at Money 20/20 or from central banks did not materialize.