Coinbase Pro expands listings
Coinbase Pro is adding three new tokens this week.
Inbound transfers for Polygon, Skale Network, and SushiSwap are open now, with trading to commence at 12:00 PM Eastern Time this Thursday. Coinbase announced the update in a blog post and on Twitter.
Once the platform has received enough supply of each token, order books will open for MATIC-USD, MATIC-BTC, MATIC-EUR, MATIC-GBP, SKL-USD, SKL-BTC, SKL-EUR, SKL-GBP, SUSHI-USD, SUSHI-BTC, SUSHI-ETH, SUSHI-EUR, and SUSHI-GBP, assuming liquidity is sufficient.
Order books will launch in three phases: post-only, limit-only, and full trading.
Each of the tokens has garnered a lot of attention recently, as conversation around the wider Ethereum ecosystem gathers steam. MATIC, which is used on Polygon’s Layer 2 solution for Ethereum, has seen a significant rise this year. Before today, it was up 1,000% year-to-date. As is often the case with Coinbase listings, it’s jumped on the news, up 37.5%. SUSHI and SKL have also seen gains of 43.2% and 12.6% since the blog post dropped.
The three tokens join a growing list of assets in Coinbase Pro’s inventory. Recently, the exchange has added support for The Graph, Filecoin, UMA, and Loopring, among others.
Meanwhile, Coinbase is currently preparing to go public on NASDAQ. The event has been widely discussed, as it will be a first for the cryptocurrency industry. According to a Bloomberg report published yesterday, it hit a valuation of $90 billion in a private auction.