EOS, Augur (REP) and Maker (MKR) to Join Coinbase PRO
Coinbase Pro is constantly adding new listings to their platform to broaden the services that they can offer to customers. In a recent post from the Coinbase Blog, the platform has announced several new additions that consumers can benefit from – EOS (EOS), Augur (REP), and Maker (MKR).
Trading of EOS and REP will be available in all jurisdictions supported by Coinbase Pro, with the exception of New York State. MKR will be available in all Coinbase Pro-supported jurisdictions outside the US.
— Coinbase Pro (@CoinbasePro) April 8, 2019
Much like other listings that the company, the use of these tokens will not be available for investors in New York State, due to the licensing laws. EOS and REP will be available in every jurisdiction that Coinbase Pro offers otherwise, while MKR will be primarily available to the jurisdictions that allow the use of Coinbase Pro outside of the United States. There is a chance that more areas will be added later.
EOS is a crypto asset that has been created with the intention of supporting decentralized applications. EOS comes with no fees, regardless of incoming or outgoing transactions, but resources like RAM and network bandwidth are used.
REP, the Reputation token from Augur, is based in Ethereum, and it is meant for the reporting and disputing of various outcomes in online prediction markets. Anyone who predicts the outcome of a wagered event correctly is rewarded with REP.
The MKR (Maker) token is also based in Ethereum technology, acting as a “utility token, governance token, and recapitalization resource of the Maker system.”
The stages of the launch for these tokens will be the same that all other listings go through, starting with the transfer-only stage that allows users to add the tokens to their accounts. However, while this stage takes place, no orders can be filled or placed.
In the post-only phase, limit orders can be posted, but no ordered will be completed for a full minute after they are posted. The Limit-only stage is third, which allows the orders to start matching, but cannot be submitted to the market. Instead, the limit-only mode will give a 10-minute wait time to order books. By the final stage, full trading is implemented.
Most Cardano fans are probably less than pleased to hear about this news. Recent news has been suggesting that the addition of their token would be the next one that Coinbase would be bringing in. While Coinbase is constantly adding new listings, this just is not their day. Perhaps Cardano is in the cards next, but there is also a chance that they’ll be passed over again, depending on what direction Coinbase wants to go next.