Coinbase Pro Lists SushiSwap, Polygon, Skale Network
Coinbase Pro will make three more Ethereum mainstays available for trading this Thursday.
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Order books for Polygon, Skale Network, and SushiSwap will open on Coinbase Pro this week.
Coinbase Pro Expands Listings
Coinbase Pro is adding three new tokens this week.
Inbound transfers for Polygon, Skale Network, and SushiSwap are open now, with trading to commence at 12:00 PM Eastern Time this Thursday. Coinbase announced the update in a blog post and on Twitter.
Inbound transfers for MATIC, SKL and SUSHI are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Thursday March 11 , if liquidity conditions are met. https://t.co/iKHfczZmp7
— Coinbase Exchange (@CoinbaseExch) March 9, 2021
Once the platform has received enough supply of each token, order books will open for MATIC-USD, MATIC-BTC, MATIC-EUR, MATIC-GBP, SKL-USD, SKL-BTC, SKL-EUR, SKL-GBP, SUSHI-USD, SUSHI-BTC, SUSHI-ETH, SUSHI-EUR, and SUSHI-GBP, assuming liquidity is sufficient.
Order books will launch in three phases: post-only, limit-only, and full trading.
Each of the tokens has garnered a lot of attention recently, as conversation around the wider Ethereum ecosystem gathers steam. MATIC, which is used on Polygon’s Layer 2 solution for Ethereum, has seen a significant rise this year. Before today, it was up 1,000% year-to-date. As is often the case with Coinbase listings, it’s jumped on the news, up 37.5%. SUSHI and SKL have also seen gains of 43.2% and 12.6% since the blog post dropped.
The three tokens join a growing list of assets in Coinbase Pro’s inventory. Recently, the exchange has added support for The Graph, Filecoin, UMA, and Loopring, among others.
Meanwhile, Coinbase is currently preparing to go public on NASDAQ. The event has been widely discussed, as it will be a first for the cryptocurrency industry. According to a Bloomberg report published yesterday, it hit a valuation of $90 billion in a private auction.
Disclosure: At the time of writing, the author of this feature owned MATIC, LRC, and ETH. They also had exposure to SUSHI in a cryptocurrency index.