Cryptocurrency Exchange Coinbase Lists Four More Ethereum Tokens

by | Dec 8, 2018 | Cryptocurrency, Cryptocurrency News

Coinbase | Cryptocurrency Exchange | Ethereum | ERC- 20 | Over 30 Tokens

Coinbase, one of the most popular US cryptocurrency exchange promised support to  Ethereum-based ERC20 tokens earlier this year, standing truly on it, the platform adds four more of the coins, Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA), on Coinbase Pro.

The Coinbase Pro users can transfer their balances of the aforementioned token to the exchange, as the full trading will commence around 48 hours from starting from December 7.  The 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 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.

Massive expansion – Up to 30 new cryptocurrencies

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:

  • Cardano (ADA)
  • Aeternity (AE)
  • Aragon (ANT)
  • Bread Wallet (BRD)
  • Dai (DAI)
  • EnjinCoin (ENJ)
  • EOS $EOS?1.12% (EOS)
  • Golem Network (GNT)
  • Kin (KIN)
  • Kyber Network (KNC)
  • ChainLink (LINK)
  • Loopring (LRC)
  • Mainframe (MFT)
  • Maker (MKR)
  • NEO (NEO)
  • OmiseGo (OMG)
  • (POE)
  • QuarkChain (QKC)
  • Augur (REP)
  • Request Network (REQ)
  • Status (SNT)
  • Storj (STORJ)
  • Stellar (XLM)
  • XRP (XRP)
  • Tezos (XTZ)
  • Zilliqa (ZIL)

Read more: Crypto Insurance Is Complicated But Coinbase Can Offer A Viable Solution

Arshmeet Hora

The idea of expressing one’s views and reviews through words is beyond intriguing. What started as a creative let out has now become a passion and a profession for Arshmeet K Hora. In her own words ” with every word, every article that I write, my passion towards this medium has grown stronger.”  Arshmeet covers latest crypto news and updates as well as what happening new revolving around Blockchain Technology.

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