Coinbase Pro Adds Five Coins to Platform

Coinbase Pro now accepts inbound transfers of IOTX, ORN, QUICK, TRIBE and UST. That began Aug. 10. Trading was to be allowed after 9 a,m, PT Aug. 11 if liquidity conditions were met.

Once sufficient supply of IOTX, ORN, QUICK, TRIBE and UST is established on the platform, trading on Coinbase’s IOTX- USD, IOTX-USDT, IOTX-EUR, IOTX-BTC, ORN-USD, ORN-USDT, ORN-BTC, QUICK-USD, TRIBE-USD, UST-USD, UST-USDT, UST-EUR and BTC-UST order books will launch in post-only, limit-only and full trading. Should one of the new order books does not meet performance expectations Coinbase said it may keep the book in one state for a longer period of time or suspend trading.

Coinbase Pro recently added trading support for Alchemy Pay (ACH), PlayDapp (PLA), Rai Reflex Index (RAI) Harvest Finance (FARM) Fetch.ai (FET) Paxos Standard (PAX) and Polymath Network (POLY), Clover Finance (CLV), Mask Network (MASK), Rally (RLY), BarnBridge (BOND), Livepeer (LPT), Quant (QNT), Chiliz (CHZ) Keep Network (KEEP), Polkadot (DOT), Solana (SOL), Gitcoin (GTC), Enzyme Token (MLN), Amp (AMP), Dogecoin (DOGE) and Internet Computer (ICP).

IoTeX (IOTX) powers IoTeX, a platform focused on connecting IoT devices to decentralized platforms. It can pay for transactions, staking and governance, and to register new devices on the IoTeX network.

Orion Protocol (ORN) supports activities on Orion Protocol, which aims to aggregate liquidity from centralized and decentralized exchanges into one platform. ORN can be used for discounted trading fees, staking, and to access advanced features within the Orion Protocol.

Quickswap (QUICK) supports QuickSwap, a decentralized exchange that runs on the Polygon Network in order to provide faster and cheaper transactions on Ethereum. It can also be used to create and vote on proposals governing QuickSwap and can be staked to earn a portion of trading fees.

Tribe (TRIBE) governs Fei Protocol, which issues a separate, decentralized stablecoin called FEI that attempts to maintain a value of US$1. TRIBE can be used to vote for Fei Protocol upgrades and to adjust FEI stablecoin monetary policy.

TerraUSD (UST) is a decentralized stablecoin running on Ethereum that also attempts to maintain a value of US$1. Unlike centralized stablecoins, UST isn’t backed by US dollars in a bank account. Instead, in order to mint 1 TerraUSD, US$1 worth of TerraUSD’s reserve asset (LUNA) must be burned.

Coinbase said IOTX, ORN, QUICK, TRIBE and UST are not yet available on its platform or consumer apps. They referred investors to its Twitter account for updates on the status of each order books

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