Canada’s largest digital asset trading platform, Coinsquare, has expanded its cryptocurrency portfolio by officially listing Stellar Lumens (XLM). This strategic addition brings the total number of supported digital assets on the platform to 10, reinforcing its commitment to offering Canadians access to high-quality, in-demand cryptocurrencies.
Stellar Lumens, the native token of the Stellar network, is recognized for enabling fast, low-cost cross-border transactions. Built on the vision of an open, inclusive financial infrastructure, XLM supports global money transfers with near-instant settlement—making it a compelling option for users seeking efficient international payment solutions.
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Enhanced Access to Global Digital Assets
With XLM now available for trading, funding, and withdrawal directly through user wallets, Coinsquare customers gain greater flexibility in managing their digital portfolios. Users can buy and trade XLM using fiat currency or other cryptocurrencies, streamlining access to one of the most widely adopted tokens for financial inclusion initiatives.
The integration reflects growing demand for blockchain-based solutions that bridge traditional finance and decentralized ecosystems. Stellar's partnerships with financial institutions and payment providers worldwide have positioned XLM as a key player in the future of remittances and multi-currency settlements.
Coinsquare’s decision to list XLM aligns with its mission to provide secure, user-friendly access to innovative digital assets. As part of this expansion, the platform continues to prioritize assets that demonstrate strong utility, developer activity, and real-world adoption.
Leadership Vision: Security, Accessibility, and Innovation
Cole Diamond, CEO of Coinsquare, emphasized the platform’s ongoing dedication to product enhancement and customer trust. “Our goal has always been to offer convenient and secure access to top-tier cryptocurrencies,” Diamond stated. “XLM is a highly requested asset, and we’re proud to now offer it to our clients.”
He added that since launching support for XRP in August 2018, the team has remained focused on improving its digital asset services. “The introduction of XLM signals our continued investment in product development and reaffirms our position as Canada’s most trusted and secure cryptocurrency trading platform.”
Currently, five of the top 10 cryptocurrencies by market capitalization are available on Coinsquare, highlighting its selective yet comprehensive approach to asset listing.
FAQ: Understanding Coinsquare’s XLM Integration
Q: What is XLM used for?
A: XLM is the native cryptocurrency of the Stellar network, designed to facilitate fast, low-cost cross-border payments between any currency pair. It serves as a bridge asset in multi-currency transactions and helps prevent spam on the network.
Q: Can I deposit and withdraw XLM on Coinsquare?
A: Yes. Users can now fund their accounts with XLM and withdraw it directly to external wallets, enhancing control and portability of their digital assets.
Q: Is XLM safe to trade on Coinsquare?
A: Coinsquare employs rigorous security protocols including cold storage, two-factor authentication (2FA), and regular audits. The platform is committed to regulatory compliance and user protection.
Q: Why did Coinsquare choose to list XLM?
A: Due to strong user demand and XLM’s proven use case in global payments, the team determined it was a valuable addition that aligns with their vision of accessible, innovative financial tools.
Q: Are there fees for trading XLM?
A: Standard trading fees apply based on your fee tier. These are clearly outlined in the platform’s fee schedule and are competitive within the Canadian market.
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Coinsquare’s Stance on Bitcoin SV (BSV)
In contrast to several major global exchanges that have delisted Bitcoin SV (BSV), Coinsquare has chosen to maintain support for the asset. While acknowledging community debates around BSV’s origins—stemming from a hard fork of Bitcoin Cash—the platform emphasizes neutrality in ideological disputes.
“We believe exchanges should focus on asset quality and user choice, not politics,” a spokesperson noted. “While every platform has the right to make its own decisions, Coinsquare will not be delisting BSV.”
Additionally, Coinsquare announced a rebranding of BAB (Bitcoin ABC) to BCH, aligning with the widely accepted ticker used across other major platforms. This change aims to reduce confusion among traders and promote consistency in digital asset labeling.
This decision underscores Coinsquare’s commitment to transparency and user-centric policies, even amid contentious developments in the crypto space.
About Coinsquare: A Trusted Name in Digital Finance
Founded in 2014, Coinsquare has emerged as one of North America’s leading cryptocurrency trading platforms. With a strong emphasis on security, regulatory compliance, and customer education, the company serves both retail investors and institutional clients.
The platform supports a growing suite of digital assets and offers advanced trading features tailored to evolving market needs. Beyond trading, Coinsquare provides B2B solutions through its robust API infrastructure, enabling businesses to integrate crypto capabilities seamlessly.
Coinsquare’s long-term vision includes expanding into broader blockchain-based financial services—such as staking, lending, and asset management—while maintaining its core principles of openness, risk mitigation, and operational integrity.
FAQ: Coinsquare Platform Overview
Q: How many cryptocurrencies does Coinsquare offer?
A: As of this update, Coinsquare supports 10 major cryptocurrencies, including top-tier assets like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and now Stellar Lumens (XLM).
Q: Is Coinsquare regulated in Canada?
A: Yes. Coinsquare operates under Canadian financial regulations and works closely with regulatory bodies to ensure compliance with anti-money laundering (AML) and know-your-customer (KYC) standards.
Q: Does Coinsquare offer API access for developers?
A: Yes. The platform provides a comprehensive set of APIs for developers and institutions looking to build trading bots, integrate wallet systems, or offer crypto services through third-party applications.
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Final Thoughts: A Step Toward Inclusive Digital Finance
By integrating Stellar Lumens, Coinsquare not only responds to customer demand but also advances its role in democratizing access to modern financial tools. The move highlights a broader trend: mainstream platforms embracing blockchain innovations that solve real-world problems like slow remittances and financial exclusion.
As the digital asset ecosystem matures, users can expect more platforms to follow suit—prioritizing utility-driven tokens, transparent policies, and enhanced security. For Canadian investors, Coinsquare’s latest update represents a meaningful step toward a more connected, efficient financial future.
Whether you're new to crypto or expanding your portfolio, staying informed about platform updates and emerging assets like XLM is essential for navigating today’s dynamic digital economy.