Coinbase Pro, the platform for professional traders, has just accepted many cryptocurrencies. It includes Ankr (ANKR), Curve DAO Token (CRV), and Storj (STORJ).
Coinbase also said early this week that platform users would be able to deposit ANKR, CRV, and STORJ tokens into their Coinbase Pro accounts. This is ahead of expected or scheduled trading starting on Tuesday, March 23, 2021.
In all Coinbase-supported jurisdictions, support for ANKR, CRV, and STORJ will be available. Furthermore, with the exception of New York State, where CRV token trading will be unavailable owing to regulatory constraints.
According to Coinbase, one of the most common requests from customers is the option to trade more digital assets on their platform. Also, according to the listing process and criteria, they intend to promote trading in more assets that match their requirements.
Several Cryptos Join the Coinbase List
Cardano trading joined Coinbase (ADA). SushiSwap (SUSHI), Polygon (MATIC), SKALE (SKL), The Graph (GRT), Aave (AAVE), Bancor (BNT), Synthetix (SNX), Filecoin (FIL), NuCypher (NU), Wrapped Bitcoin (WBTC), Balancer (BAL), Ren (REN), and Uniswap (UNISWAP) are some of the other coins the exchange (UNI) supports.
Coinbase will accept inbound transfers of ANKR, CRV, and STORJ to Coinbase Pro starting today (March 23). If liquidity conditions are met, trading will begin on or after Thursday, March 25 at 9 a.m. Pacific Time (PT).
Three Phases in Trading
Trading on our ANKR-USD, ANKR-BTC, ANKR-EUR, ANKR-GBP, CRV-USD, CRV-BTC, CRV-EUR, CRV-GBP, STORJ-USD, and STORJ-BTC order books will begin in three phases. First, post-only. Second, limit-only. Third, full trading. This is after a sufficient supply of ANKR, CRV, and STORJ has been established on the platform.
Ankr (ANKR) is an Ethereum token that powers transactions on Ankr. This is a distributed computing platform. It aims at making it simple and economical for developers. Consequently, they create and use a variety of blockchains. The ANKR coin can pay for Ankr services such as node deployment and also serves as a reward for network participants, according to Coinbase.
Storj (STORJ) is an Ethereum currency that powers Tardigrade, a decentralized cloud storage network. Coinbase stated that when a user uploads a file to Tardigrade, parts of the file spread to a global network of independent servers. It further stated that when requesting a file, it securely compiles and makes it available for download. It implies that anyone can keep files on Tardigrade without having to rely on a centralized data center.
Users can earn STORJ tokens by donating unused hard drive space or bandwidth to the network.
The Acceptance of Coinbase
Curve DAO Token (CRV) is an Ethereum token that powers Curve.fi. It is a non-custodial exchange with an automated market maker (AMM) protocol. The protocol, according to Coinbase, intends to make switching between similar ERC-20 tokens. Especially stablecoins (such as USDC and DAI) and Ethereum-based Bitcoin tokens, straightforward (such as WBTC and renBTC). In order to limit impermanent loss, the digital asset marketplace provider also stated that the protocol only hosts pools of identical assets. This means you can supply USDC-DAI-USDT liquidity on Curve but not USDC-WBTC.
In order to vote on governance and collect protocol fees as a reward, the CRV token can lock for various lengths of time (up to 4 years). On March 26, 2021, Coinbase finally announced the acceptance of Ankr (ANKR), Curve DAO Token (CRV), and Storj (STORJ) in the Coinbase Android and iOS apps.
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