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 16 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 wouldn’t be allowed for Singapore.
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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.
Recent Cryptos Added to Coinbase
The company has been adding cryptos to its platform actively, such as Gitcoin (GTC), Enzyme Token (MLN), Amp (AMP), Dogecoin (DOGE), Internet Computer (ICP), Cartesi (CTSI), iExec (RLC), Mirror Protocol (MIR), Tellor (TRB), among others. In fact, Finance Magnates reported in April that Coinbase announced support for stablecoin Tether (USDT), whose trading in Coinbase Pro started on April 26.
When the US-based crypto exchange announced support for DOGE in Coinbase Pro early in June, the meme coin skyrocketed around 15%. Order books for Dogecoin available are DOGE-USD, DOGE-BTC, DOGE-EUR, DOGE-GBP, and DOGE-USDT.