Yesterday Coinbase officially announced that it has listed DOT, the cryptocurrency of Polkadot.
For now, only deposits have been activated, while exchanges should be launched tomorrow, Wednesday 16 June 2021, at 9 AM PT (Pacific Time), provided there is sufficient liquidity.
In fact, once a sufficient supply of DOT on the platform is reached, trading on DOT/USD, DOT/BTC, DOT/EUR, DOT/GBP and DOT/USDT pairs will be activated in three phases. During the first phase, it will be possible to load limit orders, which will not be executed, while in the second phase only limit orders will be executed. During the third phase, all trading functions will be enabled.
Furthermore, if the order book does not meet the conditions that Coinbase considers necessary for a healthy and orderly market, trading may be suspended.
Information about this process will be published on the official Coinbase Pro Twitter profile.
Polkadot not available on the retail version of Coinbase
However, DOT will not yet be available on Coinbase.com or the retail mobile app. A second announcement will be made later when it will be added here as well.
Recently Coinbase had already expanded the range of supported tokens, adding Gitcoin (GTC), Enzyme Token (MLN), Amp (AMP), Dogecoin (DOGE), Internet Computer (ICP), Cartesi (CTSI), iExec (RLC), Mirror Protocol (MIR), Tellor (TRB), Tether (USDT), Ampleforth Governance Token (FORTH), 1 inch (1 INCH), Enjin Coin (ENJ), NKN (NKN), Origin Token ( OGN ), Ankr (ANKR) Curve DAO Token (CRV), Storj (STORJ), Cardano (ADA), SushiSwap (SUSHI), Polygon (MATIC) and SKALE (SKL).
The platform is therefore becoming increasingly open to smaller cryptocurrencies as well, although Polkadot has actually been in the top ten by market capitalisation for some time now.
The price of Polkadot
DOT has been trading since August 2020, when the initial price was around $3.
During 2020, the price had risen, with some ups and downs, to $7, before exploding in 2021.
By early January it had broken through the $10 wall, and in the second half of the month, it had even exceeded $18.
In February it took off, reaching almost $40, then $45 in March, and hit an all-time high of over $49 in May.
But then the price fell, fluctuating in a range between $20 and $30.
The current price is 200% higher than it was at the beginning of the year, and 700% higher than it was less than a year ago.