EOS, Augur [REP] and Maker [MKR], Coinbase Pro Adds the three Crypto Assets on its Platform

Just yesterday, Coinbase Pro, an exchange run by the San Francisco based Coinbase, revealed on a tweet that it’ll be supporting the three assets below;

• EOS (EOS)

EOS is a blockchain protocol that allows horizontal scaling of decentralized applications; this means that the cryptocurrency supports large scale decentralized applications. Users of this digital asset are not charged any fees for sending or receiving EOS.

• Augur Reputation Token (REP)

This is a decentralized Ethereum token, with a peer-to-peer (p2p) protocol for prediction markets. The crypto coin is usually used by reporters during its market dispute phases.

• Maker (MKR)

Also based on the Ethereum network, Maker is a decentralized utility token that aims to manage its own stable coin known as the Dai.

Coinbase Accepts Inbound Transfers of EOS, Augur and Maker

The platform begun accepting inbound transferred of the three assets by 12 noon yesterday and deposits for a minimum of 12 hours before enabling the tradings. The trading pairs include;

1. EOS-USD, EOS-EUR and EOS-BTC for EOS
2. REP-USD, REP-EUR and REP-BTC for Augur
3. MKR-BTC and MKR-USDC for Maker

The platform is expected to make an announcement soon after the three assets become available on Coinbase.com or via the platform’s mobile apps.

According to the platform’s announcement on 8^th April 2019, the four-step process for this phase was outlined as follows;

• Transfer-only — Only deposits of the cryptocurrency
• Post-only — this phase will allow investors and clients of Pro to place limit orders for the XRP trading pairs. Order books will be in post-only mode for a minimum of one minute.
• Limit-only — this is the final stage before full trading. This phase will see Coinbase’s trading engine matching limit orders, but not market orders.  Order books will be in limit-only mode for a minimum of ten minutes.
• Full Trading — in the final stage, full trading services will be available, including limit, market, and stop orders.

Other tokens added on the Coinbase platform

Just recently on March 13^th, Coinbase pro announced support for Stellar lumens (XLM) with trading pairs in U.S. Dollars, Euro and Bitcoin (BTC). The announcement came just a month after the platform added support for Ripple (XRP).