Coinbase Pro to List Polkadot (DOT) on Its Platform

Jun 16, 2021 0 comments

Coinbase, the US-based cryptocurrency exchange, announced on Monday support for Polkadot (DOT) within its Coinbase Pro offering. Although transferring DOT into Pro accounts is now possible, trading will be enabled after 4pm GMT on June 16 only if liquidity conditions are met, the company clarified.

According to the firm, once enough DOT supply is set on the exchange’s platform, trading on DOT-USD, DOT-BTC, DOT-EUR, DOT-GBP and DOT-USDT order books will be deployed in three phases known as post-only, limit-only and then full trading. “If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules,” Coinbase noted.

Polkadot (DOT) is not available on Coinbase’s website or mobile apps, although the exchange stated such plans would be announced when the support is enabled outside Coinbase Pro. Support for DOT will be available for most supported countries in the publicly-listed crypto exchange, but the firm highlighted it would not be allowed for Singapore.

Also, the exchange said on the official announcement that it would keep customers informed through Coinbase Pro’s Twitter official account when each phase mentioned has been passed in terms of order books for DOT.

Sourced from financemagnates.com.

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