Maker (MKR) is the Latest Crypto Pumping on Coinbase Pro Listing Announcement

“Coinbase Effect” is back and it is the second time Maker is listed on the exchange.

Last week, OmiseGo (OMG) saw the “Coinbase Effect” after the US-based cryptocurrency exchange announced its listing. Following the support, they even airdropped OMG to users who didn’t receive the tokens in 2017.

This week the latest cryptocurrency to enjoy this effect is Maker (MKR).

Today, Coinbase Pro announced the launch of Maker and the digital currency has already soared over 35% to $465. In 2020, so far, MKR has recorded negative returns of 7.42%.

Maker is supported on Coinbase Pro and starting Monday, June 8, it will start accepting inbound transfers of MKR. Trading will begin for MKR/USD and MKR/BTC 9 AM Pacific Time (PT) the following day but only “if liquidity conditions are met.”

This isn’t the first time Coinbase has launched support for Maker. Back in April 2019, Coinbase Pro added support for MKR along with EOS (EOS) and Augur (REP) but “due to limited liquidity,” trading for the cryptocurrency couldn’t proceed.

The 26th largest cryptocurrency will now be once again available in all Coinbase supported jurisdictions except for New York.

The ERC20 token is a utility and governance token of the Maker system that manages another ERC20 token, the DAI stablecoins.

Back in June 2019, Coinbase also added DAI as the first stablecoin to its Earn Program which joined EOS, XLM, ZEC, BAT, and ZRX.

Maker (MKR) Live Price

1 MKR/USD =$592.2555 change ~ -0.05%

Coin Market Cap

$595.56 Million

24 Hour Volume

$1.1 Million

24 Hour VWAP

$587

24 Hour Change

$-0.3093

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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