By Solomon Odunayo
As per a recent report, Coinbase Pro will add support for new order books for Algorand (ALGO), Chainlink (LINK), XRP, and Tezos (XTZ).
The new trading pairs are ALGO-EUR, ALGO-GBP, LINK-EUR, LINK-GBP, XRP-GBP and XTZ-EUR, XTZ-GBP.
Going by the report, the order books will be available in the jurisdictions supported outside the United States, where some payment methods are enabled by the cryptocurrency exchange.
How and When the Trading of the New Pairs Will Go Live
According to the report, on 21st July 2020, trading on ALGO-EUR, ALGO-GBP, LINK-EUR, LINK-GBP, XRP-GBP, and XTZ-EUR, XTZ-GBP order books will launch in phases.
The launch will comprise three stages, including post-only, limit-only, and full trading that is scheduled to commence at 7 AM Pacific Time.
Coinbase Pro tweeted, “On July 21, trading on ALGO-EUR, ALGO-GBP, LINK-EUR, LINK-GBP, XRP-GBP and XTZ-EUR, XTZ-GBP order books will start in phases. Trading will begin on or after 7AM (PT) beginning with post-only mode, proceeding to full trading if our metrics for a healthy market are met.”
Going by the exchange’s remark, if any of the new order books fail to meet the official assessment for a healthy and orderly market, such an order book can be kept in a state for a longer time than usual, or face an indefinite suspension as per the platform’s trading rules.
As each order book moves through the phases, the exchange promised to keep updating its users via Coinbase Pro official Twitter handle.
The exchange also acknowledged tons of requests from customers, as they quest to see more of their choice assets on the trading platform. It then assured its continued support for assets that meet its trading standard.
If you are interested in signing up for a Coinbase Pro account, you can simply follow this link.