Coinbase Pro, Coinbase’s professional trading platform designed for seasoned crypto investors, announced on Friday that it plans to list Maker (MKR), sending the altcoin up around 40%.
According to the announcement, COINBASE Pro will begin accepting MKR deposits on June 8, with USD and BTC trading beginning the next day at 12:00 pm (EST) if liquidity conditions are satisfied. Coinbase Pro previously attempted to list MKR back in April 2019 in select jurisdictions, but the listing was canceled due to a lack of liquidity.
Coinbase notes that MKR will be immediately available in all supported jurisdictions, with the exception of New York state and the United Kingdom. The altcoin will also likely be added to Coinbase.com in the next few weeks, based on past listings.
Following today’s rally, Maker is now trading for $483.83, giving the altcoin a $456 million market cap.
More: Maker (MKR) is launching on Coinbase Pro
Related: OmiseGo (OMG) Price Jumps on Coinbase Pro Listing Announcement
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.
