On Friday, September 4, switch UMA into your Coinbase Professional account forward of buying and selling. Assist for UMA will probably be accessible in all Coinbase’s supported jurisdictions, aside from New York State. Per earlier launches, transfers will open throughout enterprise hours, Pacific time.
One of the widespread requests we obtain from prospects is to have the ability to commerce extra belongings on our platform. Per the phrases of our listing process, we anticipate supporting extra belongings that meet our requirements over time. Most lately now we have added Celo (CGLD), Numeraire (NMR), Band (BAND), Compound (COMP), Maker (MKR) and OmiseGo (OMG), together with supporting extra European and UK order books. Coinbase continues to discover assist for new digital assets.
On Friday, September 4, we’ll start accepting inbound transfers of UMA to Coinbase Professional. Buying and selling will start on or after 9AM Pacific Time (PT) Tuesday September 8, if liquidity situations are met.
As soon as adequate provide of UMA is established on the platform, buying and selling on our UMA-USD, UMA-BTC, UMA-EUR and UMA-GBP order books will launch in four phases, transfer-only, post-only, limit-only and full buying and selling. If at any level one of many new order books doesn’t meet our evaluation for a wholesome and orderly market, we might hold the guide in a single state for an extended time frame or droop buying and selling as per our Trading Rules.
We’ll publish tweets from our Coinbase Pro Twitter account as every order guide strikes by way of the phases.
UMA (UMA) is an Ethereum token that describes itself as “an open-source protocol that permits builders to design and create their very own monetary contracts and artificial belongings.” The protocol’s identify comes from the staff’s aim of making common market entry (UMA).
Please observe that UMA is just not but accessible on Coinbase.com or through our Client cellular apps. We’ll make a separate announcement if and when this assist is added.
Coinbase holds UMA tokens on account of a 2018 funding in Threat Labs, the UMA mother or father firm. Coinbase intends to take care of its funding in UMA for the foreseeable future and maintains inner insurance policies that tackle the timing of permissible disposition of its digital belongings, together with UMA tokens.
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