Two of the most popular altcoins Stellar Lumens (XLM) and Chainlink (LINK) are finally available to traders in New York. Coinbase announced via Twitter yesterday that the two tokens can now be bought, sold, converted, sent, received, or stored via the app. With the introduction of BitLicense in August 2015.
New York’s crypto regulation has been known to be stricter than the majority of the USA. This is the reason why many tokens listed on Coinbase are not immediately accessible to New York residents.
Stellar is a distributed, open-sourced network that aims to facilitate payments for fractions of the price. It was created by Ripple co-founder Jed McCaleb in 2014 and is based off the same PoC consensus as XRP. However, the Stellar foundation is a non-profit organisation. XLM can facilitate crypto to fiat transactions in a similar manner to XRP.
Chainlink, an Ethereum-based token is a project that gained plenty of headlines earlier this year as partnerships with Google and Oracle saw it’s price jump from $0.40 to $4.80 within 2 months. Although it failed to sustain this price action, the interoperability nature of the project, backed by strong fundamentals and partnerships puts it very much at the forefront for investors anticipating the next Altcoin run.