Earlier today, Coinbase promoted their consideration of 30 new crypto assets to add to their exchange. Their announcement follows a previous statement only three months ago, when they expressed interest in offering support for a wider range of cryptocurrencies. Based on the official Coinbase blog today, the present support for tokens will be for the addition of Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA).
CVC, DNT, LOOM and MANA order books will soon enter transfer-only mode. We will accept inbound transfers of these assets, but traders cannot place orders and no orders will be filled. Order books will be in transfer-only mode for a minimum of 48 hours. https://t.co/drhrNCKQOG
— Coinbase Pro (@CoinbasePro) December 7, 2018
So far, the aforementioned assets have not been added to the platform, but they explain that opting for ERC20 tokens is based on the easy transition with their infrastructure, maintaining security. Still, that doesn’t mean other tokens from the collection of 30 that they named will not be added.
Just like every other Coinbase launch, there are certain stages that the order books will move through before they are ultimately finished with onboarding. Those stages include:
- Transfer only, which is the stage they are presently in.
- Post-only, which allows for posting limit orders, but they will not be completed.
- Limit-only, which allows for matching, but no market orders can be submitted.
- Full trading, which allows for any order to go through.
Hopefully, with the addition of these listings, Coinbase Pro will soon bring on more assets over time to better serve the crypto community.