US-based cryptocurrency exchange Coinbase today announced that it would be listing four new Ethereum tokens to its Coinbase Pro platform.
The tokens are Dai (DAI), Golem (GNT), Maker (MKR) and Zilliqa (ZIL).
The exchange is working on its previous announcement for bringing more ERC20 technical standard assets to the platform.
Golem is not an ERC20 token but is Ethereum-based.
Where Will the Tokens Be Available?
The tokens will be available to customers of Coinbase Pro but only in select jurisdictions.
Golem and Dai will be available for Coinbase Pro users in the UK, the EU, Canada, Australia, and Singapore.
US users, except those in New York, will also get to trade in these coins.
Maker and Zilliqa will not be available in the US but will be available for traders in Singapore, Canada, Australia, the EU, and the UK.
The exchange started accepting deposits in all four coins around 11:45 am PT on December 18.
Deposits will be accepted for 12 hours before trading starts. Then the exchange will enable limit orders. When Coinbase Pro achieves sufficient liquidity for these tokens, full trading will be allowed.
Coinbase announced earlier this year that it would support many ERC20 tokens to its platform.
Coinbase has already launched 0x (ZRX) and Basic Attention Token (BAT) and added a new stablecoin USDC as well.
Coinbase also supported Loom Network (LOOM), Decentraland (MANA), districtox (DN) and Civic (CVC) on its platform recently.
Full Token Functionality Not Accessible
In a blog post announcing the new listings, Coinbase wrote that it would not provide smart contract functionality immediately to the users. It said:
“Each of these tokens has associated functionality, some of which may be in beta. Moreover, each token’s associated functionality is not currently directly accessible via the Coinbase Pro platform.”
Golem, for example, connects users to a distributed compute farm which cannot be accessed via Coinbase.
Therefore, users who want to participate in the distinctive functionalities of these coins need to move them to a local wallet.
Coinbase will only facilitate their buying, selling and storing.
The exchange also said that it could bring more digital assets and ERC20 tokens to the platform.
It said that adding ERC20 tokens first is relatively simple for them as these assets can easily be integrated into their existing infrastructure.
The 12 Days of Coinbase Timeline
Users can now spend their crypto balances to buy e-gift cards from WeGift which can be redeemed on Uber, Nike, GAP, and more.
The exchange made $10,000 worth of donations in Zcash via GiveCrypto which will be used to provide support to Venezuelan families.
Coinbase talked about the power and flaws of money, talking about its vision of cryptocurrency as a means of economic freedom and democratization.
Users will now be able to add digital assets to their watchlist with the click of a button. Even assets that are not listed on Coinbase will be available on the watchlist.
In a major announcement, Coinbase allowed users to withdraw cash from their Coinbase wallet directly to their PayPal accounts.
Coinbase donated $10,000 in BTC to Syrian refugees living in Greece via GiveCrypto.
TCoinbase talked about its first stablecoin listing, USDC, a Circle-backed cryptocurrency pegged to the US Dollar 1:1.
Users can now convert one crypto holding to another quickly using the new Convert feature on Coinbase.com and the Android and iOS apps.
Coinbase pro adds support for Golem, Maker, Dai, and Zilliqa in select jurisdictions.
Coinbase Earn allows participants to earn crypto while learning about it at the same time. The program has launched initially in invite-only mode.
Coinbase will now be available for customers in Iceland, Andorra, Isle of Man, Lithuania, Gibraltar, and Guernsey.
Day 12- To be confirmed…