announcement confirms
“Once sufficient liquidity is established, trading will begin on each respective USDC order book. Trading will initially be accessible for Coinbase Pro users in the US (excluding NY), UK, European Union, Canada, Singapore and Australia.”
Furthermore, the announcement added that each token will have four stages of launch – Transfer only, Post only, Limit only and Full trading. After the acceptance of the transfers into the platform, the next step will enable posting of limit orders for a short time, before limit orders will start matching. Later full trading will become available, the Coinbase Pro Twitter account will be updated at each stage.
For the time being the trading of the four coins is limited to Coinbase Pro platform and not on their standard brokerage platform at Coinbase.com or within the firm’s mobile applications. While both Coinbase and Coinbase Pro, are free to register, the trading fees vary. Availability of the new coins for more countries could also be added later.
Until last year, the cryptocurrency exchange employed a rather selective strategy in regards to the listing of new currencies to its platform, it exclusively featured Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC).
However, their stance has transformed into an aggressive one as in this year alone, Coinbase has already added five new assets, – Ethereum Classic (ETC), Ripple’s XRP, ERC-20 Token Ox (ZRX), Coinbase stablecoin USDC (USD Coin), Basic Attention Token (BAT). The exchange said on its blog:
“Over time, we intend to offer our customers access to greater than 90 [percent] of all compliant digital assets by market cap,”
The platform did announce the currencies on its shortlist, notably the list is quite extensive:
Read more: Crypto Insurance Is Complicated But Coinbase Can Offer A Viable Solution
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