Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Coinbase => Topic started by: Coin63@ on June 15, 2021, 01:28:21 PM
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Coinbase will allow users to deposit DOT beginning today, Monday, June 14. It will then allow trading at 9AM Pacific Time on Wednesday, June 16, if the exchange has sufficient liquidity.
Users will be able to trade DOT for various fiat currencies (USD, EUR, and GBP) and select cryptocurrencies (BTC and USDT).
Coinbase did not explain why it chose to list DOT. However, with a market cap of $23.1 billion, Polkadot is the ninth largest cryptocurrency on the market today, making it an important asset for Coinbase to include in its exchange listings.
Coinbase described Polkadot as a high-performance platform for cross-chain transactions. It added that the DOT token acts as Polkadot’s governance token—it is used for staking and security, and it is used to attach new chains to the network.source (https://cryptonews.net/807171/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)