On Monday, Coinbase announced through its blog that it was starting accepting transfers of DOT, the Polkadot cryptocurrency, into Coinbase Pro accounts in preparation for trading that is scheduled to […]
On Monday, Coinbase announced through its blog that it was starting accepting transfers of DOT, the Polkadot cryptocurrency, into Coinbase Pro accounts in preparation for trading that is scheduled to start on June 16 at 9 am PT if the liquidity conditions are satisfied. This comes days after the exchange added Dogecoin to its list of tradable assets on the Coinbase Pro platform.
Recently, besides Dogecoin (DOGE), Coinbase has also added the following digital currencies for trading: Ampleforth Governance Token (FORTH), Enzyme Token (MLN), Enjin Coin (ENJ), SushiSwap (SUSHI), Tellor (TRB), Gitcoin (GTC), Amp (AMP), Internet Computer (ICP), iExec (RLC), Cartesi (CTSI), Tether (USDT), Mirror Protocol (MIR),1inch (1INCH), NKN (NKN), Cardano (ADA), and Polygon (MATIC) among others.
Coinbase users can now start transferring their DOT coins into their Coinbase Pro accounts though they will have to wait till June 16 to start trading using the digital coins if the liquidity is achieved. Users will be able to buy, sell and exchange the digital currency for other digital currencies like Ethereum (ETH), Bitcoin (BTC), etc.
When the supply of the Polkadot (DOT) coins on the platform will be sufficient, Coinbase intends to launch DOT-USDT, DOT-BTC, DOT-USD, DOT-EUR, and DOT-GBP trading. However, the trading order books of these pairs will be launched in three phases (post-only, limit-only and full trading) where the status of each order book will be moved from one phase to the next depending on the assessment of whether it creates a healthy and orderly market.
Although The Polkadot (DOT) cryptocurrency will be available on Coinbase Pro starting June if all goes well, the digital currency will not be available on Coinbase mobile apps and Coinbase.com in the meantime though the exchange looks forward to having the coin available there too.