Coinbase has expanded its Coinbase Wallet app to support Stellar Lumens (XLM), enabling users to securely store XLM alongside other major cryptocurrencies like Bitcoin, Ethereum, and XRP. This update aligns with Coinbase's mission to build a leading self-custody crypto wallet with multi-asset functionality.
Key Features of the Update
- Direct XLM Storage: Users can now manage XLM holdings within the Coinbase Wallet app.
- Broad Asset Support: The wallet already accommodates Bitcoin (BTC), Ethereum (ETH), XRP, and over 100,000 ERC-20/ERC-721 tokens.
- Phased Trading Rollout: Once liquidity is sufficient, XLM/USD, XLM/EUR, and XLM/BTC trading pairs will launch incrementally across Coinbase's supported jurisdictions.
About Stellar Lumens (XLM)
Developed by Jed McCaleb (co-founder of Ripple and Mt. Gox), Stellar Lumens is an open-source cryptocurrency designed to facilitate low-cost, accessible financial services. The Stellar Development Foundation advocates for:
"An open financial system where all individuals—regardless of income—can access secure, affordable financial tools."
👉 Explore Stellar Lumens and other supported assets
FAQ Section
Q: How do I add XLM to my Coinbase Wallet?
A: Update the app to the latest version (iOS/Android), then select "Add Asset" to enable XLM storage.
Q: When will XLM trading begin on Coinbase?
A: Trading pairs will launch in phases after sufficient XLM deposits are confirmed, similar to past listings like XRP.
Q: Is XLM available worldwide on Coinbase?
A: Yes, but only in jurisdictions where Coinbase operates legally.
Q: How does Stellar Lumens differ from XRP?
A: Both focus on cross-border payments, but XLM emphasizes affordability for underbanked communities, while XRP targets institutional liquidity.
With this update, Coinbase strengthens its position as a versatile crypto wallet provider, integrating assets that align with its vision of an inclusive financial ecosystem.