On Friday, September 4, transfer UMA into your Coinbase Pro account ahead of trading. Support for UMA will be available in all Coinbase’s supported jurisdictions, with the exception of New York State. Per previous launches, transfers will open during business hours, Pacific time.
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 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.
On Friday, September 4, we will begin accepting inbound transfers of UMA to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Tuesday September 8, if liquidity conditions are met.
Once sufficient supply of UMA is established on the platform, trading on our UMA-USD, UMA-BTC, UMA-EUR and UMA-GBP 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.
UMA (UMA) is an Ethereum token that describes itself as “an open-source protocol that allows developers to design and create their own financial contracts and synthetic assets.” The protocol’s name comes from the team’s goal of creating universal market access (UMA).
Please note that UMA is 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.
Coinbase holds UMA tokens as a result of a 2018 investment in Risk Labs, the UMA parent company. Coinbase intends to maintain its investment in UMA for the foreseeable future and maintains internal policies that address the timing of permissible disposition of its digital assets, including UMA tokens.
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