Coinbase announced in a blog post on Tuesday that its Coinbase Pro product will begin accepting deposits for four new cryptos: DAI, GNT, MKR, and ZIL. Deposits will be taken for at least 12 hours before enabling trading to establish liquidity. This announcement comes after Coinbase announced that it was exploring the addition of over 30 new assets on its exchange. Trading for GNT and DAI will initially be accessible for Coinbase Pro users in the US (excluding NY), UK, European Union, Canada, Singapore, and Australia. MKR and ZIL will not be available to customers in the US. The Block previously reported that Coinbase was revamping its listing policy to enable developers to "apply to have their coin listed in a certain region." The exclusion of MKR and ZIL for U.S. traders is an example of Coinbase's listing change.
The four listed assets offer the following:
- Dai (DAI) is a crypto-backed algorithmic stablecoin
- Maker (MKR) is the decentralized governance and collateral platform behind Dai
- Golem Network (GNT) is decentralized cloud computing network
- Zilliqa (ZIL) is a blockchain platform for hosting decentralized applications
With the addition of these four assets, Coinbase Pro now offers trading features for a total of 16 cryptocurrencies.