Coinbase Pro Adds 3 New Altcoins: Augur (REP), EOS, & Maker (MKR)

Coinbase Pro, the professional branch of crypto wallet and exchange service Coinbase, has added trading support for three new assets: Maker (MKR), Augur (REP), and EOS (EOS). The addition of the Altcoins Altcoins Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Altcoin is a term that describes any cryptocurrency that isn’t Bitcoin. Since Bitcoin’s inception, countless cryptos have been launched. Many of these have met varying levels of success, though few have risen to rival Bitcoin itself.Ether, XRP, Stellar, Monero, Ada, and Dash are a few examples of the more popular altcoins. There are currently over 5,000 altcoins and this number seems to grow constantly. The leading altcoins as of May 2020 are Ethereum and Ripple.In terms of structure, altcoins c Read this Term was announced in a blog post on Monday, April 8.

Inbound transfers for EOS, MKR and REP are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/pUlU8fppAd

— Coinbase Pro (@CoinbasePro) April 8, 2019

However, there are some geographical limits imposed on where these assets can be traded. EOS and Augur are available in all of Coinbase Pro’s jurisdictions except for New York state, while Maker can only be traded by Coinbase Pro users located outside of the United States.

The blog post explained that at first, Coinbase Pro would only be accepting deposits of EOS, Maker, and Augur. Trading will begin once sufficient Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term has been established, and at least twelve hours have passed (since deposits began to be accepted.)

Trading Will Be Launched in Stages

Then, full-fledged trading will be rolled out in three additional stages. The ‘post-only’ stage will allow Coinbase Pro investors and clients to place limit orders for trading pairs that include XRP; this phase will last for a minimum of one minute. Following the ‘post-only’ stage, the ‘limit-only’ stage will match the limit orders, but not market orders. This phase will last for a minimum of 10 minutes.

Finally, full trading will be launched. All services will be made available during this stage, including market and stop orders.

The addition of these assets onto Coinbase Pro does not seem to have caused any significant upward movement in their prices. Over the last 24 hours, Maker has lost 6.75 percent; EOS has lost 0.89 percent of its value, and Augur is down by 4.65 percent (data from Coinmarketcap.)

The announcement comes recently after Coinbase Pro decided to add two other altcoins to its platform, including XRP and Stellar Lumens.