

Nicholas Fletcher, Customer Experience Officer

We are excited to announce the imminent launch of Stellar, our 10th listed cryptocurrency. Stellar is a platform aimed at making cross country and currency transfers easier, cheaper, and quicker. Stellar shares a lot with Ripple XRP, and was originally forked from the XRP code base back in 2014. Stellar's native currency is called the Stellar Lumen, and uses the ticker XLM. You can read more about Stellar on their project site.

We will be releasing this with an introductory brokerage fee of 0.1% (for Stellar Lumens only), this will last for two weeks so ensure you get your trades in early!

Timing:

We will be performing system maintenance and upgrades on Sunday 7th April at 2pm (AEST - note the 7th is the first day of non-daylight saving time!). We expect this to last approximately 4 hours and during this time you will not be able to access your Independent Reserve account. Once this completes, deposits and withdrawals will be enabled for Stellar Lumens. Trading will be enabled at approximately 11am on Tuesday 9th April.

Please be aware that there will likely be low liquidity for the first week or two as the market builds. We recommend that customers place limit orders rather than market orders until local volatility settles down.