Coinbase has confirmed that it will list Tezos (XTZ) on Coinbase Pro on Monday, August 5, 2019. Initially, XTZ will have 2 trading pairs, USD and BTC. Support for XTZ will be immediately available in Coinbase’s supported jurisdictions, with the exception of New York State. Listing in Coinbase.com or mobile apps will happen at a later stage.
On Monday August 5, our XTZ/USD, and XTZ/BTC order books will enter transfer-only mode, accepting inbound transfers of XTZ in supported regions. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/PDrccf2Nww
— Coinbase Pro (@CoinbasePro) July 30, 2019
To manage a smooth transition, trading on the XTZ/USD, and XTZ/BTC order books will start in phases. The stages are described below:
- Transfer-only. The first phase will be customers transfer-only mode, where customers will be able to transfer XTZ into their Coinbase Pro account. Customers will not yet be able to place orders and no orders will be filled on these order books. This phase will run for 12 hours.
- Post-only. In the second stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of one minute.
- Limit-only. In the third stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of ten minutes.
- Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.
The stages will be followed independently for each new order book. In case the new order books do not meet Coinbase’s assessment for a healthy and orderly market at any point of time, the initiation of phases will be delayed or trading will be suspended as per Coinbase’s Trading Rules. Official communication will happen via Coinbase Pro Twitter handle as each order book moves through the phases.
Tezos is an open-source platform for assets and applications that can evolve by upgrading itself. Stakeholders govern upgrades to the core protocol, including upgrades to the amendment process itself. The Tezos blockchain project was founded by a US company, Dynamic Ledger Solutions, as an alternative to Ethereum.
We recently talked about Tezos as one of the Top Altcoins 2019 Blockchain Protocols!
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