ANXPRO Exchange Introduces Stellar Trading

Hong Kong-based exchange ANXPRO announced Thursday that it would begin to allow trading of stellars.

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ANXPRO Exchange Introduces Stellar Trading

Hong Kong-based exchange ANXPRO announced Thursday that it would begin to allow trading of stellars.

That means ANXPRO users will now be able to exchange their stellars for bitcoins, litecoins, dogecoins, peercoins and namecoins. That also means Stellar is now present on the world’s sixth-largest exchange by trading volume.

Stellar, as we covered last week, was recently launched by Ripple co-founder Jed McCaleb. The protocol is designed to facilitate decentralized exchanges among crypto- and fiat currencies, as well as digital and hard assets. Its coin is the stellar.

- Jed McCaleb

Perhaps most noteworthy at this point is that Stellar is giving away its coins. The network has an initial supply of 100 billion stellars, which will be doled out as follows:

  • 50% will be distributed to people who sign up for a Stellar account.
  • 25% will be distributed by other nonprofits focused on financial inclusion.
  • 20% will be given to current Bitcoin and Ripple holders.
  • 5% will be used to fund Stellar’s nonprofit operations, spending which will be made public.

"We are delighted to be one of the first cryptocurrency exchanges to offer our customers the ability to buy and sell stellars," ANX COO Dave Chapman said in a statement.

This has been a busy year so far for ANX, which has opened a brick-and-mortar store in Hong Kong, issued Bitcoin debit cards, and begun to form strategic partnerships within the cryptocurrency economy.

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