Beginning on Tuesday (May 4, 2021) Coinbase Pro (platform for professional crypto traders) are able to transfer Cartesi (CTSI), iExec (RLC), Mirror Protocol (MIR) and Tellor (TRB) digital tokens into their accounts ahead of scheduled trading.
As noted by the Coinbase team:
“Support for CTSI, RLC, MIR and TRB will be available in all Coinbase’s supported jurisdictions. CTSI, TRB and MIR will not be supported in New York State. Trading will begin on or after 9AM Pacific Time (PT) Thursday May 6, if liquidity conditions are met.”
Coinbase‘s management noted that one of the most common requests they get from clients is to be able to trade more digital assets via their platform. Per the terms of Coinbase’s listing process and guidelines, the company is anticipating adding support for more crypto-assets that meet its standards over time.
Recently, Coinbase began supporting trading with Tether (USDT), Ampleforth Governance Token (FORTH), 1inch (1INCH), Enjin Coin (ENJ), NKN (NKN), Origin Token (OGN), and Ankr (ANKR).
Coinbase also offers trading with Curve DAO Token (CRV), Storj (STORJ), Cardano (ADA), SushiSwap (SUSHI), Polygon (MATIC), SKALE (SKL), The Graph (GRT), Aave, (AAVE), Bancor (BNT), Synthetix (SNX), Filecoin (FIL), and Uniswap (UNI), along with “supporting additional order books. Coinbase continues to explore support for new digital assets.”
Beginning immediately, Coinbase (noted on May 4) will start taking inbound transfers of CTSI, RLC, MIR and TRB via Coinbase Pro. Trading is expected to start after liquidity conditions have been met.
As mentioned in the update, once “sufficient supply” of CTSI, RLC, MIR and TRB is established on the platform, trading “on our CTSI-USD, CTSI-BTC, RLC-USD, RLC-BTC, MIR-USD, MIR-BTC, MIR-EUR, MIR-GBP, TRB-USD and TRB-BTC order books will launch in three phases, post-only, limit-only and full trading.”
Coinbase further noted that “if at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.”
Cartesi (CTSI) is described as a utility token that’s used to power transactions on the Cartesi network, which “aims to solve blockchain scalability and high fees using a technology called Optimistic Rollups.” CTSI can be “used for staking and fees for processing data on the network. Notably, Cartesi enables smart contract creation using mainstream programming languages.”
iExec (RLC) an Ethereum token for the iExec Cloud platform in which users “can monetize and rent computing power and data. iExec enables developers to power applications on what is described as ‘a decentralized marketplace for cloud resources.'”
Mirror Protocol (MIR) is an Ethereum token that “governs the Mirror Protocol which ‘allows the creation of fungible assets, that track the price of real world assets.'” The project aims to “enable 24/7 equities trading by minting ‘synthetic’ versions of the real thing. MIR tokens can be used to propose and vote on important changes to the protocol.”
Tellor (TRB) is a decentralized oracle network that “allows smart contracts on Ethereum to securely connect to external data sources.” TRB (a.k.a. ‘Tributes’) is an Ethereum token that “powers the Tellor network and incentivizes honest reporting of external data.”
Coinbased confirmed that CTSI, RLC, MIR and TRB are “not yet available on Coinbase.com or via our Consumer mobile apps.” The company said it would “make a separate announcement if and when this support is added.”
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