Immediately October 1, switch BAL and REN into your Coinbase Professional account forward of buying and selling. Help for BAL and REN will probably be out there in all Coinbase’s supported jurisdictions, except New York State and the U.Ok.. Transfers are actually open.
One of the frequent requests we obtain from clients 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 just lately we’ve added buying and selling help for Uniswap (UNI), yearn.finance (YFI), Loopring (LRC), UMA (UMA) Celo (CGLD), Numeraire (NMR), Band (BAND), Compound (COMP), Maker (MKR) and OmiseGo (OMG), together with supporting further European and UK order books. Coinbase continues to discover help for new digital assets.
Immediately, Thursday October 1, we’ll start accepting inbound transfers of BAL and REN to Coinbase Professional. Buying and selling will start on or after 9AM Pacific Time (PT) Tuesday October 6, if liquidity circumstances are met.
As soon as adequate provide of BAL and REN is established on the platform, buying and selling on our BAL-USD, BAL-BTC, REN-USD and REN-BTC 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 could preserve the guide in a single state for an extended time period 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 via the phases.
Balancer (BAL) is an Ethereum token that powers the Balancer protocol, an automatic market maker that lets anybody create or add liquidity to buying and selling swimming pools whereas incomes customizable buying and selling charges. Balancer swimming pools can have as much as eight tokens and every token may be individually weighted inside the pool, such that one token could make up as little as 2% of the whole.
Ren (REN) is an Ethereum token that powers Ren’s open protocol for transferring cryptocurrencies between blockchains. Ren goals to carry widespread belongings like Bitcoin and Zcash to blockchains together with Ethereum, making it attainable for these belongings to take part in Ethereum’s decentralized finance ecosystem.
Please be aware that BAL and REN usually are not but out there on Coinbase.com or through our Shopper cell apps. We’ll make a separate announcement if and when this help is added.
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