UAE Crypto Exchange Now Accepts Stellar

UAE Crypto Exchange Now Accepts Stellar

The Bitcoin and cryptocurrency exchange based in Dubai, BitOasis has announced today that they will now be listing Stellar Lumen tokens on the companies digital asset trading exchange.

Users of BitOasis will now be able to buy and sell XLM against AED with a 0 percent trading fees until the 27th November this year. The Stellar buy and sell trade features are now available to users in the United Arab Emirates, Kuwait, Bahrain, Saudi Arabia and Oman only.

The news was announced through the exchange's official, Twitter:

Bitcoin, Bitcoin Cash, Ethereum, Ethereum Cash, Litecoin, Zcash and more have already been on the exchange and now Stellar joins the rest of them to be traded as of today.

The native token of the blockchain network that connects banks, payment systems is XLM, and transactions can be done in as little as 2 seconds.

In other related Stellar news, XLM kept going with its bearish movement. The token reached its low of $0.18 price level on November 20th with further price drops being projected by the bears. The price of XLM was pushed to the supply level of $0.22 where the bulls seemed to lose their pressure and bears got the price back to its previous low of $0.18. The bulls were making an attempt to take over the XLM market by the formation of bullish pin bar at the demand level of $0.20.

As reported by ZyCrypto:

“XLM is still trading below 21-day EMA and the 50-day EMA, which confirm the bears’ pressure and the bearish movement is ongoing. Nevertheless, the RSI is above 40 levels and its signal line pointing upward indicate buy signal.”

What are your thoughts? Let us know what you think down in the comments!

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