After 1pm PT on Friday, November 2, we will begin accepting inbound transfers of (BAT) to . We will accept deposits for at least 12 hours prior to enabling trading. Once sufficient liquidity is established, trading on the BAT/USDC order book will start. Users may convert their USD to USDC with one click within the Pro interface as described . BAT trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York.
Please also note that BAT is not yet available at Coinbase.com or in our iOS and Android apps. We will make a separate announcement when that occurs.
In more detail, there will be four stages to the launch as outlined below. If at any point the / order book does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time, or suspend trading as per our . Any other BAT order books we launch will also go through the same stages.
Transfer-only. Starting at 1pm PT on Friday, November 2, customers will be able to transfer BAT into their Coinbase Pro account. Customers will not yet be able to place orders and no orders will be filled on these order books. Order books will be in transfer-only mode for at least 12 hours.
Post-only. In the second stage, customers can post limit orders but there will be no matches or completed orders. Order books will be in post-only mode for a minimum of one minute. This market state has been shortened to increase market health during launch.
Limit-only. In the third stage, limit orders will start matching but customers will not yet be able to submit market orders. Order books will be in limit-only mode for a minimum of ten minutes.
Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.
One of the most common requests we receive from customers is to be able to trade more assets on our platform. With the recent announcement of our , our customers can expect us to list most assets over time that meet our standards.
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