Ultra Stellar LLC acquired StellarX, a popular decentralized exchange on Stellar, expanding its product portfolio alongside LOBSTR wallet and StellarTerm. StellarX enables peer-to-peer trading of digital assets and fiat conversions directly from user wallets.
Ultra Stellar LLC announced the acquisition of StellarX, one of the most popular decentralized exchanges on the Stellar network, from Coinsquare. StellarX is a free, peer-to-peer trading platform that allows users to trade digital assets including bitcoin and stablecoins, with the ability to convert stablecoins to fiat currency in bank accounts. The acquisition expands Ultra Stellar's product portfolio, which already includes LOBSTR, a multi-platform Stellar wallet launched in 2014, and StellarTerm, an open source Stellar DEX client. Users on StellarX retain full custody of their funds and trade directly with each other without intermediaries.
