On July 30, the Coinbase cryptocurrency exchange, located in San Francisco, announced that it would soon add a Tezos (XTZ) token to its Coinbase Pro platform.
As the company says, professional exchange users in all supported jurisdictions (except for New York) will be able to enjoy trading XTZ in pairs with the US dollar and bitcoins starting from August 5.
The commencement of trade operations will take place at four stages that are typical to Coinbase, starting with the “transfer-only mode” during the first 12 hours, during which Coinbase Pro customers will not be able to place and execute orders. The next step will be a gradual increase in volume within 15 minutes after starting to work with XTZ. After that, the operations with with Tezos will be launched in full.
Recently, Coinbase has been gradually expanding the number of tokens presented on the trading platform. In particular, it announced listing of such cryptocurrencies as Chainlink, EOS, DAI (Steymbcoin), Dogecoin and XRP.
In the coming week, Tezos is likely to be added also for retail customers (with the exception of New York). Tezos launched its own blockchain network, following the successful $232 million ICO in July 2017. To date, the cryptocurrency scors 16th place in terms of capitalization with $824 million.