Balancer (BAL) and Ren (REN) are launching on Coinbase Pro
Today October 1, transfer BAL and REN into your Coinbase Pro account ahead of trading. Support for BAL and REN will be available in all Coinbase’s supported jurisdictions, with the exception of New York State and the U.K.. Transfers are now open.
One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time. Most recently we have added trading support for Uniswap (UNI), yearn.finance (YFI), Loopring (LRC), UMA (UMA) Celo (CGLD), Numeraire (NMR), Band (BAND), Compound (COMP), Maker (MKR) and OmiseGo (OMG), along with supporting additional European and UK order books. Coinbase continues to explore support for new digital assets.
Today, Thursday October 1, we will begin accepting inbound transfers of BAL and REN to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Tuesday October 6, if liquidity conditions are met.
Once sufficient supply of BAL and REN is established on the platform, trading on our BAL-USD, BAL-BTC, REN-USD and REN-BTC order books will launch in four phases, transfer-only, post-only, limit-only and full trading. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.
We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.
Balancer (BAL) is an Ethereum token that powers the Balancer protocol, an automated market maker that lets anyone create or add liquidity to trading pools while earning customizable trading fees. Balancer pools can have up to 8 tokens and each token can be individually weighted within the pool, such that one token can make up as little as 2% of the total.
Ren (REN) is an Ethereum token that powers Ren’s open protocol for transferring cryptocurrencies between blockchains. Ren aims to bring popular assets like Bitcoin and Zcash to blockchains including Ethereum, making it possible for these assets to participate in Ethereum’s decentralized finance ecosystem.
Please note that BAL and REN are not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.
You can sign up for a Coinbase Pro account here to start trading. For more information on trading BAL and REN on Coinbase Pro, visit our support page.
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Balancer (BAL) and Ren (REN) are launching on Coinbase Pro was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.