Decentralized Social (DESO) Is Launching on Coinbase Pro

Beginning on Monday December 13, 2021, clients may transfer DESO tokens into their Coinbase Pro accounts ahead of trading.

As noted in the announcement, support for DESO will “generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here.”

Trading is scheduled to commence on or after “9AM Pacific Time (PT), Tuesday December 14, if liquidity conditions are met.”

As always, Coinbase (COIN: Nasdaq) notes that one of the most common requests they get from clients is to trade more digital assets via their platform. Per the terms of their listing process, they currently anticipate supporting even more crypto-assets that meet their requirements/standards over time.

As covered, Coinbase recently began supporting trading for API3 (API3), Bluzelle (BLZ), Gods Unchained (GODS), Immutable X (IMX), Measurable Data Token (MDT), Ribbon Finance (RBN), Circuits of Value (COVAL), IDEX (IDEX), Moss Carbon Credit (MCO2), Polkastarter (POLS), ShapeShift FOX Token (FOX), Spell Token (SPELL) and SuperFarm (SUPER).

As mentioned in the update, after sufficient supply of DESO is “established on the platform, trading on our DESO-USD, DESO-USDT and DESO-EUR order books will launch in phases, post-only or auction mode then limit-only or full trading mode.”

And if at any point, one of the new order books doesn’t meet their assessment for a “healthy and orderly market,” then Coinbase could “keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.”

Coinbase added that they will publish updates from their Coinbase Pro Twitter account “as each order book moves through the phases.”

As explained in the update, Decentralized Social (DESO) is the native crypto that’s used to power the Decentralized Social blockchain, a platform designed to “support a wide variety of decentralized social media applications.”

DESO can be used to acquire “social tokens” and NFTs, and to “create profiles and posts for Decentralized Social applications,” the update noted.

DESO is not currently available via or through the firm’s Consumer mobile apps. Coinbase confirmed that it will make “a separate announcement if and when this support is added.”

You may sign up for a Coinbase Pro account here to begin trading.

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