Numeraire (NMR) launched on Coinbase Pro

On Monday, August 17, NMR entered transfer-only mode. Inbound transfers for NMR are now available in Coinbase’s supported jurisdictions, with the exception of New York State. Traders cannot place orders and no orders will be filled. The order books will be in transfer-only mode at minimum until Tuesday, 6/23 9am PT (US business hours).

By Coinbase

Product

, August 12, 2020

, 3 min read time

Numeraire (NMR) launched on Coinbase Pro

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 listing process, we anticipate supporting more assets that meet our standards over time. Most recently we have added Band (BAND), Compound (COMP), Maker (MKR) and OmiseGo (OMG), along with supporting additional European and UK order books. Coinbase continues to explore support for new digital assets.

On Monday, August 17, we will begin accepting inbound transfers of NMR to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) the following day, if liquidity conditions are met.

Once sufficient supply of NMR is established on the platform, trading on our NMR-USD, NMR-BTC, NMR-EUR and NMR-GBP order books will launch in four phases, transfer-only, post-only, limit-only and full trading. 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 Trading Rules.

We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.

Numeraire (NMR) is a cryptocurrency that powers Numerai, a San Francisco-based hedge fund that crowdsources artificial intelligence to make investments in major stock markets around the world. Numeraire (NMR) holders can stake their NMR tokens every week on specific predictions. Successful predictions are rewarded with more NMR.

Please note that NMR is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.

You can sign up for a Coinbase Pro account here to start trading. For more information on trading NMR on Coinbase Pro, visit our support page.

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