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Coinbase Opens Trading for Fetch.ai and Three Other Assets


cryptoknowmics.com 28 July 2021 07:31, UTC
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Fetch.ai is now available for trading on the Coinbase website and mobile application. Users of the exchange can send, receive, and store the network’s FET tokens in almost all Coinbase supporting regions, barring a few exceptions. The token was listed along with three other assets, namely: Harvest Finance (FARM), Polymath Network (POLY), and Paxos Standard (PAX).

Because this is a momentous occasion for https://t.co/kJ9URVpOul, we wish to remind our community that trading for FET/USDT pair is now open on Coinbase Pro today starting 9 AM PST/6 PM CEST/5 PM BST. 🎉

Regions supported are US, NY, EU, UK, and CAhttps://t.co/0wVFArDooY pic.twitter.com/aZK31EI0L2

— Fetch.ai (@Fetch_ai) July 27, 2021

Fetch.ai Gets Coinbase Listing With Three Other Assets

Nasdaq-listed cryptocurrency exchange Coinbase has added more tokens to its platform. In an announcement issued on July 26, the company informed its users that it was listing four new assets to its exchange including the FET token, which powers the decentralized machine learning platform, Fetch.ai. The blockchain-based AI project supports the development of applications related to asset trading, gig economy work, and energy grid optimization. 

The exchange also listed FARM, POLY, and PAX tokens, although they are yet to be supported on the Coinbase website and mobile apps. Fetch.ai is the only asset from the new listings offered on all the platforms.

Generally, cryptocurrencies tend to appreciate in value after a Coinbase listing. And the newly listed assets were no exception to this trend. Data from CoinMarketCap indicates that Fetch.ai has witnessed an upward surge in both its value and demand since it was introduced on the exchange. At the time of writing, the token’s volume and its price were up 20.03% and 18.23% respectively.

Trading to Launch in Three Phases

Coinbase has designed a process for listing new currencies that consists of three phases: post-only, limit-only, and full trading. The exchange has also emphasized that if a listed asset fails to meet its standards, it may be removed from the platform.

Presently, Coinbase is in the process of developing new tools to educate its customers about cryptocurrencies. As part of this initiative, the company has added a new section to its website to address commonly asked questions and informational pages dedicated to each asset.

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