Coinbase Pro Adds Trading Support for Graph (GRT) Token

Coinbase has officially added Graph (GRT) token to the supported assets on the exchange’s professional trading platform, Coinbase Pro, as part of its latest order book expansion.

The Ethereum-based token powers The Graph, a Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term data company providing services for some of DeFi’s most popular apps.

While many Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term and digital tokens waited months, years even, for a Coinbase listing, GRTs are listed just a few weeks after it raised $12 million in a token sale that sold out in just over 24 hours.

The Graph seeks to be the decentralized infrastructure of Web3, easing users access to blockchain data through more familiar database interface languages like SQL. The data-indexing protocol helps popular DeFi applications, such as Uniswap and Synthetix, in setting interest rates on loans and customer deposits.

“Just as Google indexes the web, The Graph indexes blockchain data from networks like Ethereum and Filecoin. This data is grouped into open APIs called subgraphs that anyone can query,” the popular US exchange said.

Coinbase Pro Relaunches Margin Trading

In a blog post, Coinbase revealed the launch would take place in four vital stages including transfer-only, post-only, limit-only and the final stage full-trading mode. Coinbase will post tweets announcing the stages separately.

Starting immediately, Coinbase will begin accepting inbound transfers of GRT and will open trading later today, if liquidity conditions are met. The exchange points out that the new coin will be accessible for users in most jurisdictions but will not initially be available for residents of the state of New York.

Coinbase has recently re-launched its Margin Trading service on the exchange’s professional trading platform. Although, Eligible traders can trade up to 3X leveraged orders on USD-quoted books, which allows users to amplify their trading results through borrowing money.

Now, users in 23 US states have the ability to borrow cryptocurrencies, depositing their own digital assets as collateral. But, if their losses exceed the value of their collateral, their positions are automatically liquidated.

This feature is geared toward both individual and institutional traders. That is because Coinbase has launched the feature attempting to fit within the boundaries of both regulations and risk considerations.