Coinbase Pro Lists Dai (DAI), Maker (MKR), Golem Network Token (GNT) and Ziliqa (ZIL)

Coinbase has made yet another exciting announcement, this time revealing that 4 new tokens will be listed on Coinbase Pro which can be seen as a gateway to inclusion for all users.

These tokens are Dai (DAI), Maker (MKR), Golem Network Token (GNT) and Ziliqa (ZIL)

The exchange will open up transfers of these tokens at 11:45 AM PT on December 18.

Trading will begin once enough liquidity has been established. The listing is phased, as usual, going through rounds of transfer-only, post-only, limit-only and full trading. The full details are available in the blog post.

However, users will receive limited functionality with these tokens because direct usage of each token’s features, like MKR’s governance mechanism, will require moving the tokens from their Coinbase wallet to a local wallet.

Moreover, each token’s associated functionality is not currently directly accessible via the Coinbase Pro platform. For example, the Golem GNT token provides access to a distributed compute farm, the Zilliqa network can be used to experiment with high-performance smart contracts, and the MKR and DAI tokens form a paired set of assets in which MKR provides governance, and DAI is a type of algorithmic stablecoin.

The listing is also adhering to Coinbase’s policy of offering tokens based on jurisdictional requirements. Users from the U.S. (excluding NY), UK, EU, Canada, Singapore and Australia will have access to DAI and GNT, while all but the U.S. can trade MKR and ZIL.

Coinbase is Rapidly Improving Their Platform

Arguably the most important announcement for long-time investors, as Coinbase investors have had limited choice until recently, the inclusion of more tokens follows up on Coinbase’s decision to support ERC-20 tokens.

The exchange has gradually added several tokens to the exchange, such as 0x (ZRX) and Basic Attention Token (BAT).

Coinbase has been the recipient of a lot of public attention in the second half of 2018. With new features and tokens expected in 2019, it is doing a remarkable job of bringing exposure to cryptocurrency, and altcoins in particular.

Most recently, Coinbase announced new features such as instant PayPal withdrawals and feeless crypto-to-crypto conversions.

The addition of new features and refinement of the platform will serve the exchange well as it vies to become the go-to entity for a rapidly growing asset class.

2 Comments

  • john
    Posted January 17, 2019 5:19 am 0Likes

    What the point of listing everything and anything? Wouldn`t it be better to add a couple of really popular coins than dozens of all kinds of shit? Classical Coinbase with its terrible choices.

  • Peter Maverick
    Posted January 17, 2019 5:22 am 0Likes

    Coinbase didn`t list the coin that was really in demand with customers – XRP. Now they are getting predictable results – lots of users are closing their accounts. So what was the point to add all those useless coins?

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