Ultra Stellar acquires StellarX decentralized exchange

Ultra Stellar LLC, a leading financial software engineering company focused on building solutions for the Stellar network has acquired another Stellar project, the StellarX marketplace, from Coinsquare. StellarX is one of the most popular decentralized exchanges on the Stellar network; the totally free, peer-to-peer trading platform allows for the trading of all kinds of digital assets, including bitcoin and multiple fiat stable coins.

"StellarX provides the best DEX trading experience," according to Dmitri Gmyza, Co-Founder of Ultra Stellar. "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."

StellarX platform is 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, all from their wallet. On StellarX, users trade directly with each other with no middlemen and always retain sole custody of their funds.