Ultra Stellar acquires StellarX P2P cryptocurrency trading platform

By Pavithra R

Ultra Stellar, a leading software engineering company focused on building solutions for the Stellar network has announced the acquisition of another Stellar project, the StellarX marketplace, from Coinsquare.

Founded in 2014, Ultra Stellar is building Stellar – an open network for storing and moving money. StellarX is a decentralized exchange on the Stellar network. The free, peer-to-peer trading platform allows for the trading of all kinds of digital assets, including bitcoin and multiple fiat stable coins.  

StellarX platform touts to be the first fast and free, decentralized cryptocurrency platform with global fiat giveaways. Users can convert digital stablecoins to fiat money in their bank account, and swap crypto tokens for their native coins, from their wallet. On StellarX, users trade directly with each other with no middlemen and retain sole custody of their funds. Fiat currencies, stocks, bonds, Bitcoin and other digital currencies are all available on a single network and can be freely exchanged between each other. 

“StellarX provides the best DEX trading experience. It’s a brilliant addition to our existing product portfolio. We know it has a huge potential and we will be pushing hard to reach it,” said Dmitri Gmyza, Co-Founder of Ultra Stellar.

Ultra Stellar develops apps on the Stellar network. Other Stellar products include LOBSTR, a simple and secure Stellar wallet, and StellarTerm, an open-source client that can be used to access the Stellar Decentralized Exchange.