Chainlink Trading Launched on Coinbase

Chainlink Trading Launched on Coinbase

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The Ethereum-based Chainlink (LINK) is now possible to be traded on Coinbase.

Coinbase had already begun accepting inbound transfers LINK yesterday (26th June) at 10 am (PT) on their Coinbase Pro service. Stating that they will accept deposits for a full 12 hours prior to enabling full trading.

The standard four-phase approach that Coinbase uses when incorporating new offerings on their service has been implemented on the release of Link, i.e. Transfer-only, Post-Only, Limit-Only, Full trading. These are expected to end at around 9 am (CET) on July 27th, which should then allow for full trading of the LINK to begin some point today.

Trading will be offered initially via pairs LINK/USD and LINK/ETH and will be available in all Coinbase jurisdictions apart from the New York State. As such, nearly all Coinbase users will be able to delve straight into the trading immediately, permitting they have the appropriate pairs, as soon as it goes live on their app and Coinbase.com.

Chainlink itself is an Ethereum token which powers the decentralised Chainlink oracle network. As per the blog post that shared the news of the new service, the “network allows smart contracts on Ethereum to securely connect to external data sources, APIs, and payment systems.”

This is the latest in a long line of updates from Coinbase over recent weeks. Which include adding EOS to their service, launching their crypto card in 6 new European countries and expanding their Earn program,.

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