Coinbase will list Dai, Maker (MKR), Golem (GNT) and Zilliqa (ZIL)

coinbase
Coinbase will list 4 new ERC20 Tokens

A part of its “12 Days of Coinbase” initiative, the crypto exchange added four more Ethereum-based tokens to its platform. Dai (DAI), Golem (GNT), Maker (MKR) and Zilliqa (ZIL) are now available on the Professional platform, but with some regional restrictions.

As announced on the official blog on Medium, Coinbase will list DAI and Maker (MKR), the two most important digital assets of the MakerDao project. The other tokens are Golem (GNT), a Ethereum-based project, and Zilliqa (ZIL), a startup aiming to initiate the Blockchain 3.0 revolution.

The crypto exchange will offer GNT and DAI throughout the US, with the exception of the state of New York. They will also not be available in the UK, the European Union, Canada, Singapore, and Australia. MKR and ZIL will be available on Coinbase Pro only in the UK, EU, Canada, Singapore, and Australia.

The US Exchange clarified that these jurisdictions can expand at a later stage. A rollout on the main platform and on mobile applications could also be an option.

Coinbase will focus on ERC20 Tokens

The four Altcoins are all Ethereum-based tokens. Coinbase’s designed its new corporate strategy to focus especially on ERC20 tokens. Just recently, the crypto exchange launched Civic (CVC), district0x (DNT), Loom Network (LOOM) and Decentraland (MANA) on its platform.

As of today, Coinbase Pro will accept “inbound transfers” before the order books are open. Coinbase will launch recent listings in four steps, until they achieve market stability and liquidity.

However, the token’s functionality will not be available instantly”, according to the press release:

“As a result, users who want to engage in MKR governance, use their GNT tokens to submit rendering tasks to the Golem beta network, utilize functionality like Compound, or exit DAI positions in the event of global settlement will need to move their assets from Coinbase Pro to a local wallet.”

It’s important to note that the four Altcoins are not yet available on Coinbase.com.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.