Coinbase has revealed that this week will see the launch of their latest trading option, ALGO.
In preparation for the launch of the option to trading ALGO tokens, Coinbase has provided important information about the company behind the token, Algorand. According to Coinbase, the system was built with the plan in mind to “solve some of the technical barriers of existing blockchain infrastructure” and aims to improve decentralization, scalability and security.
Operating via permissionless proof-of-stake it is said to have the capabilities to build scalable blockchain projects despite the company still being in its infancy. Setting up shop only in June 2019, founded by cryptographer and Turing award winner Silvio Micali.
As of Wednesday 14th August, Coinbase Pro users will be first able to transfer the ALGO into their account. Trading will happen via the standard 4-stage launch implemented by the platform for all their new listings, i.e. transfer-only, post-only, limit-only and then finally, full-trading likely to be offered the following day.
All users of their service, bar those living in New York State, will be able to partake in trading which will happen sometimes during pacific time business hours, although an exact time is yet to be announced, with the trading pair ALGO/USD available to begin with.
Users still have 3 days to prepare themselves for the inclusion of this latest option on Coinbase, which comes less 2 weeks after the listing of stablecoin, Tezos and a month after the addition of two futures trading options BlockStack (STX) and Akropolis (F-AKRO).
Binance has released background information about their latest initiative, Venus, which shares some striking similarities and seems like a competitor to the much-anticipated Facebook stablecoin, Project Libra. Which will come out on top? While the details of the new coin remain merely as a sketch. For now, there are some important initial details from Binance HQ which give an insight […]
The popular cryptocurrency wallet, Guarda has teamed up with ETHplode to formulate a giveaway which can see users win 200 ETHPLO tokens. The purpose of the new promotion is to help users learn more about ETHplode. With this in mind, the core of the giveaway revolves around a quiz about the growing crypto asset. However, […]
A candid story has recently been published on the BBC after one of its very own had a substantial amount of Ethereum currency stolen. Monty Munford, the BBC’s Technology of Business reporter, detailed how cybercriminals succeeded to steal £25,000 worth of Ethereum. Munford hopes that his story will alert other crypto users of the real […]
Now in its second year, Deribit’s Perpetual Contracts have proven one of its most popular products on their platform. In a newly released blog post, they have outlined the pros it offers against other big-name competitors in the same field. Their contracts have been available to traders since August 2018 and is described by Deribit […]
After the reveal of three separate promotions this time last week, CoinEX are back again with a brand-new promotion that allows users to borrow their first trade free of charge for 30 days. Now in its second month of existence, CoinEx’s margin trading service has been quite a hit amongst users and with new updates […]
In 10 days, Exmo will be offering the latest token on their platform for trading, ROOBEE. In anticipation of this, they have released important details for traders who are looking to take advantage of the new listing early on. What is most unique about this latest listing is that it will coincide with the listing […]
Following the acquisition of Xapo, a bitcoin wallet and cold storage location, Coinbase Custody is now the world’s largest crypto custodian. After the completion of the deal, Coinbase Custody officially surpassed $7 billion in assets, which saw them reach the highest volume of assets in the business. Officially making them the most popular choice for […]
EXMO has made new changes to the minimum withdrawals of bitcoin from their platform. The platform informed users on Tuesday, 13th August, that the limit would come into immediate effect. With the new limit for withdrawals being set at 0.002 BTC, which sees a decrease by 5 times. Users have been told to consider this […]