- Coinbase pro recently announced that it will add European and UK order books like Tezos, XRP, Chainlink, and Algorand.
- The trading in pairs of ALGO-GBP, ALGO-EUR, LINK-GBP, LINK-EUR, XRP-GBP, and XTZ-GBP will start in phases.
- The first phase is post-only, followed by limit-only, and lastly, full trading will be established.
Brian Armstrong and Fred Ehrsam regarded to have found one of the safest and secure cryptocurrency exchange platforms for users around the world. Launched in June 2012, Coinbase had a strong user base of 30m+ at the time of this writing. Coinbase Pro follows the best industry practices with secure storage and insurance policy. It recently announced that it will add European and UK order books like Tezos, XRP, Chainlink, and Algorand.
The new order books will add variety to its products
A day after the books were made public, Algorand started operating its services on the platform that will accelerate the growth of more cryptocurrencies. Furthermore, the avenues of storage and staking also open up with the partnership with Algorand. The merging decentralized financial economy efficiently tapped by Coinbase to ensure a smooth customer experience.
The trading in pairs of ALGO-GBP, ALGO-EUR, LINK-GBP, LINK-EUR, XRP-GBP, and XTZ-GBP will start in phases. The first phase is post-only, followed by limit-only, and lastly, full trading established. Coinbase also mentioned that if they feel the relevant demand has not been met, the trading in that pair will halt for some time or maybe even suspended. The growth of Coinbase is phenomenal because it has allowed customers to build applications and accept currencies in fiat as well as digital forms.
A glimpse of the future in a post-pandemic era
The platform has assured users that it will keep support and exploring new cryptocurrencies for addition on its platform. They also plan to onboard new digital assets such as Bancor, Ren, Aragon, and Synthetix. Coinbase has a strong regulatory framework that prevents fraudulent activities with its ease-of-use and custodial services.
It has shifted its pedestal from currency to naïve investment strategies that will benefit society as a whole. Experts claim that the Coinbase effect has played a pivotal role in the launch of new order books on its platform. Although it faces stiff competition from Bitstamp, Ethfinex, and Bitfinex. Its market risk is minimal with VC investors raring to go after the exchange.
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