• Sun, 25 Aug 2019, 11:05 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Coinbase Pro to soon start trading of Algorand token

Image: Coinbase

Mon, 12 Aug 2019, 07:03 am UTC

Leading cryptocurrency exchange Coinbase has announced that it is adding support for Algorand (ALGO) on its professional trading platform, Coinbase Pro.

In an online post dated August 10, Coinbase said:

On Wednesday, August 14, transfer ALGO into your Coinbase Pro account ahead of trading. Support for ALGO will be available in Coinbase’s supported jurisdictions, with the exception of New York State. Additional regions may be added at a later date. Per previous launches, transfers will open during business hours, Pacific time.”

Coinbase said that it will start accepting inbound transfers of ALGO to Coinbase Pro on August 14. Once sufficient supply of ALGO is established, trading on the ALGO/USD order book will start in phases – starting with transfer-only mode and proceeding to the final stage of full trading, in which full trading services will be available, including limit, market, and stop orders.

The support for ALGO is not yet available on Coinbase.com or its consumer mobile apps.

The launch on ALGO on Coinbase Pro follows a recent announcement from Coinbase that it was considering adding support for eight new assets.

Founded in 2017, Algorand aims to remove the barriers to widespread blockchain adoption. Coinbase noted that “Algorand’s permissionless, pure proof-of-stake protocol supports the scale, open participation, and transaction finality needed to build scalable blockchain projects.”

Algorand, which was launched in June 2019, raised more than $60 million in a token sale conducted on CoinList. In addition, it raised $66 million over the past year in venture capital financing from Union Square Ventures and Pillar Venture Capital, Cointelegraph reported.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,065.40 (-0.46%)
  • Ethereum (ETH) $186.51 (-1.91%)
  • XRP (XRP) $0.269500 (-0.79%)
  • Bitcoin Cash (BCH) $304.65 (-0.55%)
  • Litecoin (LTC) $72.06 (-1.71%)
  • Bitcoin (BTC) $10,065.40 (-0.46%)
Aug 23, 2019 (Friday)
11:35
Stablecoin project Terra receives funding from HashKey Capital
10:49
Three of the founding members of Libra Association consider backing out: Report
08:55
Overstock's Patrick Byrne steps down as CEO
08:52
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
07:22
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
07:19
BitGo announces support for multi-signature EOS wallet and custody services
06:39
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
06:14
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
05:13
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
05:04
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
03:53
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
13:05
Crypto exchange Coincheck mulls launching IEO Platform
12:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:53
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:42
Sierra Leone launches blockchain-based National Digital Identity Platform
10:43
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
09:52
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
09:16
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft