tokens available on Coinbase Pro
Coinbase Cryptocurrency Exchange has added 4 new tokens to its Coinbase Pro platform, namely:
- Civic (CVC),
- district0x (DNT),
- Loom Network (LOOM),
- Decentraland (MANA).
The exchange allowed users to deposit their coins before the start of trading. Earlier this year, Coinbase decided to increase the number of digital assets represented on its platform and leaned toward the tokens created according to the ERC-20 standards:
The decision to add the ERC-20 tokens was made because of the ease of integrating the standard with the existing infrastructure, especially in terms of security.
Coinbase also continues to explore the possibility of adding other popular assets to the platform, such as Ripple (XRP) and Cardano (ADA).
As usual, each new coin trade will be carried out in four stages. At the “Transfer” stage, users will be able to deposit CVC, DNT, LOOM and MANA to their Coinbase Pro accounts. This phase will last at least 12 hours. At the “Post-only” stage, customers will be able to place limit orders. After that, the “Limit-only” phase will help coordinate user limits for at least ten minutes. Finally, Coinbase will begin the final stage of “Full trading”, in which users will be able to place, stop, limit and trade orders.
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