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Gitcoin (GTC), Enzyme Token (MLN) and Amp (AMP) to Launch on Coinbase Pro

UTC by Steve Muchoki · 3 min read
Gitcoin (GTC), Enzyme Token (MLN) and Amp (AMP) to Launch on Coinbase Pro
Photo: Shutterstock

Trading of GTC-USD, MLN-USD, and AMP-USD will begin once Coinbase Pro will acquire a sufficient supply of GTC, MLN and AMP.

Coinbase Pro now will support the trading of Gitcoin (GTC), Enzyme Token (MLN), and AMP as it was announced on Tuesday. This will be available to all jurisdictions supporting Coinbase with the exception of GTC in New York, and MLN and AMP in Singapore.

Users of Coinbase Pro can now make inbound transfers of any of the three assets, and trading will start at or after 9.00 a.m. Thursday following attainment of liquidity conditions. The exchange platform said that adding the assets to their list of tradable ones was done to fulfill customer requests.

Coinbase stated that it will continue to support more assets, as long as they meet Coinbase standards. Recently, the platform enabled trading of Dogecoin (DOGE), Internet Computer (ICP), Tether (USDT), Cardano (ADA), and SushiSwap (SUSHI) among many others. Coinbase has also broadened its support to include new order books for Algorand (ALGO), Uniswap (UNI), Loopring (LRC), Chainlink (LINK), and more of the same. New pairs have been developed from this such as ALGO-BTC, UNI-BTC, LRC-BTC, and LINK-BTC, along with others.

Trading of GTC, MLN, and AMP on Coinbase Pro

Trading of GTC-USD, MLN-USD, and AMP-USD will begin once Coinbase Pro will acquire a sufficient supply of GTC, MLN and AMP. Trading will occur in a three-phased approach listed as post-only, limit-only, and full trading. Coinbase will use Twitter to update its users on which phase an order book is in.

During the assessment, if any of the order books are flagged for an unhealthy or disorderly market, then the book may remain in one phase longer than expected. The trading of that specific pair may also be suspended altogether, as per Coinbase trading rules.

The three ethereum tokens are not yet available on the Coinbase website or Coinbase mobile apps. However, the company stated that users will be notified in a separate announcement if and when such developments are made.

GTC, MLN, and AMP Roles and Pricing

GTC token facilitates funding for open source developers through newly innovative methods like quadratic funding. So far, the token has facilitated more than $21 million in bounties and grants. MLN allows the creation, sharing, and exploration of investment strategies called vaults. Safety is promoted by filtering vaults according to risk profiles and historical performance. Lastly, AMP is used on Flexa Network to make payments instant and secure by liquidating collaterals in the event of unconfirmed or delayed transactions.

At the time this report was written, GTC was up 13.55% to $10.63, MLN price was down 18.59% to $120.82 and AMP was up 25.38% to $0.05221.

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Steve Muchoki

A financial analyst who sees positive income in both directions of the market (bulls & bears). Bitcoin is my crypto safe haven, free from government conspiracies. Mythology is my mystery! "You cannot enslave a mind that knows itself. That values itself. That understands itself."

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