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UMA (UMA) is launching on Coinbase Pro

On Friday, September 4, switch UMA into your Coinbase Pro account forward of buying and selling. Support for UMA will probably be accessible in all Coinbase’s supported jurisdictions, excluding New York State. Per earlier launches, transfers will open throughout enterprise hours, Pacific time.

One of the commonest requests we obtain from clients is to have the ability to commerce extra property on our platform. Per the phrases of our itemizing course of, we anticipate supporting extra property that meet our requirements over time. Most just lately we’ve got added Celo (CGLD), Numeraire (NMR), Band (BAND), Compound (COMP), Maker (MKR) and OmiseGo (OMG), together with supporting extra European and UK order books. Coinbase continues to discover assist for brand spanking new digital property.

On Friday, September 4, we are going to start accepting inbound transfers of UMA to Coinbase Pro. Trading will start on or after 9AM Pacific Time (PT) Tuesday September 8, if liquidity circumstances are met.

Once adequate provide of UMA is established on the platform, buying and selling 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 buying and selling. If at any level one of many new order books doesn’t meet our evaluation for a wholesome and orderly market, we might hold the e-book in a single state for an extended time frame or droop buying and selling as per our Trading Rules.

We will publish tweets from our Coinbase Pro Twitter account as every order e-book strikes via 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 title comes from the workforce’s purpose of making common market entry (UMA).

Please word that UMA is not but accessible on Coinbase.com or by way of our Consumer cellular apps. We will make a separate announcement if and when this assist is added.

You can sign up for a Coinbase Pro account right here to begin buying and selling. For extra info on buying and selling UMA on Coinbase Pro, visit our support page.

Coinbase holds UMA tokens because of a 2018 funding in Risk Labs, the UMA father or mother firm. Coinbase intends to keep up its funding in UMA for the foreseeable future and maintains inner insurance policies that tackle the timing of permissible disposition of its digital property, together with UMA tokens.

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