On Tuesday afternoon, Coinbase Pro, the professional trading platform of the similarly named startup, divulged that it would be listing four prominent altcoins as its 9th daily announcement for its “12 Days Of Coinbase” initiative. As revealed in a blog post pertaining to this news, the platform will be listing DAI and Maker (MKR), the two primary digital assets that pertain to the Andreessen Horowitz-backed MakerDao project, Golem (GNT), widely dubbed one of Ethereum’s most promising products, and Zilliqa (ZIL), a startup aiming to initiate the blockchain 3.0 revolution.
DAI, GNT, MKR, and ZIL order books will soon enter transfer-only mode. We will accept inbound transfers in the regions where trading is supported. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/Ov3BtA1BWE
These four cryptocurrencies are all Ethereum-based tokens, which lines up with the startup’s recent listings of Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA). Starting today, Pro will begin to accept “inbound transfers” for the projects mentioned in this article’s first paragraph, before opening order books once sufficient liquidity and demand is established.
Support for GNT and DAI will be initially available for Coinbase’s clientele in the U.S. (except NY State), the U.K., E.U., Canada, Singapore, and Australia. MKR and ZIL will also be offered for consumers situated in the listed countries as well, except for the U.S., presumably due to regulatory constraints.
It is important to note that this feature isn’t available on Coinbase.com (Consumer) just yet, but this is likely to change over the next few weeks.
Like Coinbase’s recent listings, the launch of the four prominent altcoins will be a four-step process, whereas Pro will allow specific forms of orders until market stability and liquidity is established. Read more about this process in Coinbase’s blog post above.
Altcoins Added By Coinbase Surge
As a result of the continually-dubbed “Coinbase Effect,” the altcoins specified by the startup in Tuesday’s announcement quickly underwent a contained rally. MKR is currently up 4.5%, while ZIL and GNT have posted 9% gains. As DAI is a decentralized stablecoin, it has barely budged.
Ethereum World News will update you as time goes on. Make sure you keep on checking in.