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Tuesday afternoon, Coinbase Pro, the professional trading platform of the startup with a similar name, revealed that it would list four major altcoins as its 9th daily announcement for the "12 Days Of Coinbase" initiative. As revealed in a blog post about this news, the platform will include DAI and Maker (MKR), the two primary digital resources belonging to the Makerem project supported by Andreessen Horowitz, Golem (GNT), widely dubbed one of the most eternal promising products and Zilliqa (ZIL), a startup that aims to start blockchain 3.0 revolution.
DAI, GNT, MKR and ZIL orders will soon enter transfer only mode. We will accept incoming transfers to the regions where trading is supported. Orders can not be entered or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/Ov3BtA1BWE
– Coinbase Pro (@CoinbasePro) December 18, 2018
These four cryptocurrencies are all token based on Ethereum, which align with the recent entries of Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA). Starting today, Pro will begin accepting "inbound transfers" for the projects mentioned in the first paragraph of this article, before opening orders once sufficient liquidity and demand have been established.
Support for GNT and DAI will initially be available to Coinbase customers in the United States (except for the State of New York), the United Kingdom, the United Kingdom, Canada, Singapore and Australia. MKR and ZIL will also be offered to consumers located in the listed countries, with the exception of the United States, presumably due to regulatory constraints.
It is important to note that this feature is not yet available on Coinbase.com (Consumer), but it is likely to change in the coming weeks.
Like the recent entries in Coinbase, the launch of the four prominent altcoins will be a four-step process, while Pro will allow specific forms of orders until market stability and liquidity are established. More information on this process in the Coinbase blog post above.
Altcoin added by Coinbase Surge
As a result of the continuous "Coinbase Effect", the altcoins specified by the startup in the announcement on Tuesday immediately underwent a contained rally. MKR is currently up 4.5%, while ZIL and GNT have posted gains of 9%. Since the DAI is a decentralized stablecoin, it has just moved.
Ethereum World News will update you with the passage of time. Be sure to continue checking in.
Title Image Courtesy of Marco Verch Via Flickr
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