Coinbase Pro to start accepting COMP

Coinbase Pro to start accepting COMP


Starting on Monday, June 22, Coinbase will begin accepting inbound transfers of COMP. Trading will begin on or after 9AM Pacific Time (PT) the following day, if liquidity conditions are met. Once sufficient supply of COMP is established on the platform, trading on the COMP-USD and COMP-BTC order books will start.

Compound (COMP) is an Ethereum token that governs the Compound protocol. The protocol allows anyone to supply or borrow Ethereum tokens through a decentralized market. Suppliers earn interest on the crypto they supply to the protocol and borrowers pay interest to borrow it.

The Stages of the COMP Launch

There will be four stages to the launch as outlined below. 

Keep an eye on Coinbase Pro Twitter account for additional updates:

  1. Transfer-only. Starting on Monday, June 22, customers will be able to transfer COMP into their Coinbase Pro account. Customers will not yet be able to place orders and no orders will be filled on these order books. Trading will begin on or after 9AM Pacific Time (PT) the following day, if liquidity conditions are met.
  2. Post-only. In the second stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of one minute.
  3. Limit-only. In the third stage, limit orders will start matching, but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of ten minutes.
  4. Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.

 

Coinbase is also currently reviewing 18 more new crypto assets to see if they meet the technical and regulatory standards to be included on its platform.

You can reed about that here: https://www.publish0x.com/to-make-your-own-money-machine/soon-18-new-crypto-assets-on-coinbase-xolopqm

 

 

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