Order books for Polygon, Skale Network, and SushiSwap will open on Coinbase Pro this week.
Coinbase Pro expands its listings
Coinbase Pro is adding three new tokens this week.
Inbound transfers for Polygon, Skale Network, and SushiSwap are open now, and trading will begin at 12:00 PM ET this Thursday. Coinbase announced the update in a blog post and on Twitter.
Inbound transfers for MATIC, SKL and SUSHI are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Thursday March 11, if liquidity conditions are met. https://t.co/iKHfczZmp7
– Coinbase Pro (@CoinbasePro) March 9, 2021
Once the platform has received sufficient supply of each token, the order books will be opened 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 be released in three phases: Post Only, Limit Only, and Full Trade.
Each of the tokens has attracted a lot of attention recently, as the conversation about the broader Ethereum ecosystem picks up steam. MATIC, which is used in Polygon's Layer 2 solution for Ethereum, has seen a significant increase this year. Before today, it had risen 1,000% so far this year. As is often the case with Coinbase listings, it jumped in the news, up 37.5%. SUSHI and SKL have also seen gains of 43.2% and 12.6% since the blog post fell.
All 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 preparing to go public on the NASDAQ. The event has been widely discussed as it will be a first for the cryptocurrency industry. According to a Bloomberg report posted yesterday, reached a valuation of 90,000 million dollars in a private auction.