Coinbase Pro, a platform for professional traders, announced the news that they have decided to start supporting Maker (MKR) and thus give the opportunity to trade this asset.
Trading of this new asset will begin on June 8th and will be available to all users in all jurisdictions except New York State, whose users are excluded from using this asset.
The opening of deposits will begin on the morning of that day and once there is sufficient liquidity within the platform, it will be possible to trade the following day. The listed pairs will be MKR-USD and MKR-BTC.
Before the actual start of trading there will be 4 phases:
- Transfer-only. Starting from Monday, June 1st, users will be able to transfer MKR to their Coinbase Pro account. It will not be possible to place orders yet and no orders will be filled on these order books.
- Post-only. In the second phase, users can place limit orders, but there will be no matching (completed orders). The order books will be in post-only mode for at least one minute.
- Limit-only. In the third phase, limit orders will start finding matches but users will not be able to send market orders. Order books will be in limit-only mode for a minimum of ten minutes.
- Full trading. In the final phase, full trading services including limit, market and stop orders will be available.
To date, however, Maker (MKR) is not yet available within Coinbase’s main exchange and given the importance of this asset, the most used one in the DeFi world, it is rather strange.
In any case, starting next month all users will be able to begin trading the token on this platform, which will be added to the recent OmiseGo (OMG) token listed just last week.