THELOGICALINDIAN - Four new cryptocurrency tokens will be added to Coinbase Pros listings
Coinbase has announced that it will account four new cryptocurrencies for trading: 1inch, Enjin Coin, NKN, and Origin Token.
Coinbase Listing Spree Accelerates
In a contempo blog post, Coinbase Pro announced that starting today, Apr. 7, users will be able to alteration 1inch, Enjin Coin, NKN, and Origin Token to their corresponding accounts. Trading will activate afterwards two days, on Apr. 9, if “liquidity altitude are met.”
Once a acceptable accumulation of 1INCH, ENJ, NKN, and OGN is established, all of these altcoins will be accessible for trading adjoin Bitcoin, the U.S. dollar, the Euro, and the British Pound.
Order books are accepted to barrage in three phases: post-only, limit-only, and abounding trading. “If at any point one of the new adjustment books does not accommodated our appraisal for a advantageous and alike market, we may accumulate the book in one accompaniment for a best aeon of time or append trading as per our Trading Rules,” reads the announcement.
Coinbase has gone on a advertisement bacchanalia advanced of its direct listing on the Nasdaq Global Select Market on Apr. 14, 2021. Most recently, the San Francisco-based cryptocurrency exchange added trading abutment for ANKR, CRV, STORJ, and Cardano (ADA), amid abounding others.
Since the advertisement was made, 1inch, Enjin Coin, NKN, and Origin Token accept witnessed a massive amount fasten and become the latest beneficiaries of the acclaimed “Coinbase Effect.”
At the time of writing, anniversary altcoin’s amount surged by added than 20%, 30%, 80%, and 35%, respectively. Even admitting added assets can be expected, it is account acquainted that assembly who bought in beforehand ability dump their backing on blind retail investors.
Disclosure: At the time of writing, this columnist endemic Bitcoin and Ethereum.
