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Consequently, the coins have reacted positively on the Coinbase Pro listing led by IOTX that was up 112% in the past 24 hours.
Coinbase Pro has announced the listing of Orion Protocol (ORN), Quickswap (QUICK), Tribe (TRIBE), and TerraUSD (UST). According to the crypto exchange, trading of the said assets is set to begin from 9 AM Pacific Time (PT) Wednesday, August 11. However, trading is only expected should the set conditions on liquidity are fulfilled by each asset.
“Once sufficient supply of IOTX, ORN, QUICK, TRIBE, and UST is established on the platform, trading on our IOTX- USD, IOTX-USDT, IOTX-EUR, IOTX-BTC, ORN-USD, ORN-USDT, ORN-BTC, QUICK-USD, TRIBE-USD, UST-USD, UST-USDT, UST-EUR, and UST-BTC order books will launch in three phases, post-only, limit-only and full trading,” the company explained.
The company has noted that it will update its customers through its official Twitter page regarding the respective order books. “We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases,” Coinbase explained.
Consequently, the coins have reacted positively on the Coinbase Pro listing led by IOTX that was up 112% in the past 24 hours. According to market analytics provided by CoinGecko, Orion Protocol token (ORN) was trading around $10.45, up approximately 14.2% in the past 24 hours.
QuickSwap token (QUICK) on the other hand was trading around $665.22, up approximately 18.7% in the past 24 hours. Tribe tokens traded around $0.8229, up 23.9% in the past 24-hours.
Coinbase pro listing was not, however, the sole reason the token experienced a notable spike. The crypto market has overall rebounded from the prior dip. Consequently, the total market cap has added over $600 billion in the past few weeks and is currently seeking a $2 trillion level.
Coinbase and the Market Outlook
As a publicly-traded company, every listing launched on the exchange is highly scrutinized by the public investors, the company, and the regulators. As a result, every listing is largely monitored to make sure it meets the regulators’ requirements. At the same time, the company seeks to provide its customers with the trending assets or risk losing the customers to its competitors.
Moreover, the crypto industry has huge competition, especially in the exchange community. The emergence of decentralized exchanges has significantly brought about a notable shift in the crypto industry.
Coinbase is on the other hand under pressure to channel activity that will reciprocate to profit for investors at the end of each quarter.