Coinbase Pro Adds Support For EOS, Augur and Maker


Coinbase Pro, the professional offering by Coinbase, adds support for three more coins, namely EOS (EOS), Augur (REP) and Maker (MKR). The major American crypto exchange and wallet service announced the new via a blog post on April 8.

The post announced that the platform will now accept inbound transfers of EOS, REP, and MKR. The deposits for these tokens will be accepted for at least 12 hours before enabling trading. Trading on order books will become available once sufficient liquidity is established.

Coinbase Pro adds in the post that the support for EOS and REP will be available in all jurisdictions, except New York state. As for MKR, it will be available in all supported jurisdictions outside the United States.

EOS – The EOS network supports the development of decentralized apps. Many see the network as a notable challenger to the Ethereum network. As per a recent report, the token has been gaining traction as more developer are switching over to their network.

REP — it is the cryptocurrency for the underlying open-source, decentralized prediction market platform Augur. Designed for reporting and disputing the outcome on online prediction markets, REP was trading at around $21.68, at the press time.

MKR – an Ethereum-backed token, that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The  19th top cryptocurrency on the CoinMarketCap’s list, MKR is currently trading at around $713.40. The coin has lost 7.18 percent over the past 24 hours.

Coinbase Pro, recently added support for Stellar Lumens (XLM) and Ripple (XRP). Both the tokens were expanded to its retail offering and its trading app for Android and iOS.

Just at the start of this month, Coinbase expanded into cross-border payments, which enables its consumers to transfer funds to any user with a Coinbase account around the world using XRP and the exchange’s stablecoin USDCoin (USDC) with no fee. Reportedly, this will enable users to send and receive money instantly, as well as convert them into local currency.

Read more:Western Union Partners With E-Wallet For Cross-Border Remittances

Image Source: Coinbase twitter

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