Once sufficient liquidity is established, trading will begin on the following order books:
EOS-USD, EOS-EUR, EOS-BTC (all Coinbase-supported regions excluding NY)
REP-USD, REP-EUR, REP-BTC (all Coinbase-supported regions excluding NY)
MKR-BTC, MKR-USDC (all Coinbase-supported regions outside the US)
Each of these assets has associated functionality, some of which may be in beta.
is a cryptocurrency designed to support large-scale decentralized applications. There are no fees to send or receive EOS. Instead, the protocol requires EOS to use resources like RAM, CPU, and network bandwidth. It also rewards the entities that run the network periodically with new EOS, effectively substituting inflation for transaction fees.
is an Ethereum token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to manage another Ethereum token, the , that seeks to trade on exchanges at a value of exactly US$1.00.
There will be four stages to the launch as outlined below. We will follow each of these stages independently for each asset and each order book. If at any point one of the new order books 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 .
Transfer-only. After 12pm PT on Monday April 8, customers will be able to transfer EOS, REP, and MKR into their Coinbase Pro accounts. 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 (completed orders). Order books will be in post-only mode for a minimum of one minute.
Limit-only. In the third stage, limit orders will start matching but customers are unable 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. Per the terms of our , we anticipate supporting more assets that meet our standards over time.
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