On Monday, popular exchange Coinbase Pro announced in a blog post the listing of three new assets: EOS (EOS), Augur (REP), and Maker (MKR).
The listing process is the same as other recently listed assets such as Stellar’s XLM. For the first 12 hours, only inbound transfers are available, followed by a short post-only mode, which allows users to place orders that won’t yet be filled. Next is the limit-only mode, which lasts 10 minutes and begins the process of filling users’ limit orders. Finally, full trading capabilities are opened to users and limit, market, and stop orders will all be available to be placed and filled.
At the time of writing, all three assets have undergone the entire listing process and are fully available on the Coinbase Pro platform. EOS and REP are available in all Coinbase Pro jurisdictions, except New York State, and MKR will be available everywhere except the US.
It is expected that the assets will soon also be listed on Coinbase.com – XRP, for example, had only a 3 day period between its Coinbase Pro and Coinbase.com listings.
EOS (EOS) is a decentralized application platform designed with large-scale adoption in mind, particularly where blockchain gaming is considered. Indeed, the platform has recently seen rapidly growing user numbers and developer interest, and recently completed the world’s first initial decentralized exchange offering (IDEO) on the EOSDAQ exchange.
Augur (REP) is an Ethereum token and application that serves as a decentralized oracle and prediction market. Users can bet on the outcome of events, while reporters who correctly report the events’ outcomes are rewarded.
Maker (MKR) is an Ethereum-based decentralized finance (DeFi) utility token. At present, the platform serves to manage the DAI stablecoin and lending protocol which currently sees almost $400 million worth of ETH locked up as collateral.
While at one time, Coinbase listings resulted in an asset seeing huge spikes in price in the so-called ‘Coinbase Effect’, this does seem to have lessened as the exchange continues to expand its asset list. In December 2018, the team announced their intent to explore 30 new coins and tokens, including EOS, XRP, and XLM. It is therefore not out of the question to expect the previously exclusive exchange to begin listing the rest of these assets over the coming months.