IoTeX (IOTX), Orion Protocol (ORN), Quickswap (QUICK), Tribe (TRIBE) and TerraUSD (UST) are launching on Coinbase Pro
Starting Today, Tuesday August 10, transfer IOTX, ORN, QUICK, TRIBE and UST into your Coinbase Pro account ahead of trading. Support for IOTX, ORN, QUICK, TRIBE and UST will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin on or after 9AM Pacific Time (PT)Wednesday August 11, if liquidity conditions are met.
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 trading support forAlchemy Pay (ACH), PlayDapp (PLA), Rai Reflex Index (RAI) Harvest Finance (FARM) Fetch.ai (FET) Paxos Standard (PAX) and Polymath Network (POLY), Clover Finance (CLV), Mask Network (MASK), Rally (RLY), BarnBridge (BOND), Livepeer (LPT), Quant (QNT), Chiliz (CHZ) Keep Network (KEEP), Polkadot (DOT), Solana (SOL), Gitcoin (GTC), Enzyme Token (MLN), Amp (AMP), Dogecoin (DOGE) and Internet Computer (ICP).
Starting Today, Tuesday August 10, we will begin accepting inbound transfers of IOTX, ORN, QUICK, TRIBE and UST to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Wednesday August 11, if liquidity conditions are met.
Once sufficient supply of IOTX, ORN, QUICK, TRIBE and UST is established on the platform, trading on our IOTX- USD, IOTX-USDT, IOTX-EUR, IOTX-BTC, ORN-USD, ORN-USDT, ORN-BTC, QUICK-USD, TRIBE-USD, UST-USD, UST-USDT, UST-EUR and BTC-UST order books will launch in three phases, 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.
IoTeX (IOTX) is an Ethereum token that powers IoTeX, a platform that aims to connect IoT devices (such as cameras and sensors) and decentralized applications. IOTX can be used to pay for transactions, for staking and governance, and to register new devices on the IoTeX network.
Orion Protocol (ORN) is an Ethereum token that powers Orion Protocol, which aims to aggregate liquidity from centralized and decentralized exchanges into one platform. ORN can be used to receive discounted trading fees, for staking, and to access advanced features within the Orion Protocol.
Quickswap (QUICK) is an Ethereum token that powers QuickSwap, a decentralized exchange that runs on the Polygon Network in order to provide faster and cheaper transactions on Ethereum. QUICK can be used to create and vote on proposals governing QuickSwap and can be staked to earn a portion of trading fees.
Tribe (TRIBE) is an Ethereum token that governs Fei Protocol, which issues a separate, decentralized stablecoin called FEI that attempts to maintain a value of US$1.00. TRIBE can be used to vote for Fei Protocol upgrades and to adjust FEI stablecoin monetary policy.
TerraUSD (UST) is a decentralized stablecoin running on Ethereum that attempts to maintain a value of US$1.00. Unlike centralized stablecoins, UST isn’t backed by US dollars in a bank account. Instead, in order to mint 1 TerraUSD, US$1.00 worth of TerraUSD’s reserve asset (LUNA) must be burned.
IOTX, ORN, QUICK, TRIBE and UST are 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.
Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.
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IoTeX (IOTX), Orion Protocol (ORN), Quickswap (QUICK), Tribe (TRIBE) and TerraUSD (UST) are… was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.