StellarX, a decentralized exchange built on top of the Stellar blockchain, has been acquired by a major Canadian exchange called CoinSquare. StellarX recently announced the acquisition on its Medium blog. This may be big news for the exchange itself, but what does it mean for Stellar, the ninth-largest cryptocurrency?
Big Changes For The DEX
Apart from helping the exchange grow, CoinSquare will add a few new features. Reportedly, CoinSquare will integrate security tokens into the exchange and will add new fiat-tethered tokens. Currently, StellarX allows users to trade Stellar’s XLM tokens for just a handful of other cryptocurrencies and fiat tokens.
Regulations will also play a role: according to StellarX, CoinSquare is in an ideal position to run the exchange. Even though it is based in Canada, CoinSquare has established…