Cryptocurrency Maker (MKR) arrives on Coinbase Pro on June 8, 2020
After Omisego (OMG), cryptocurrency Maker (MKR) will be listed on Coinbase and first on Coinbase Pro on June 8, 2020.
The MKR price jumped 38% following this announcement!
Maker (MKR) will be available in all jurisdictions supported by Coinbase, with the exception of New York State, as stated in the official statement of the US crypto exchange.
The trading pairs will be MKR-USD and MKR-BTC.
“From Monday June 8, customers will be able to transfer MKR to their Coinbase Pro account. Customers will not be able to place orders yet and no orders will be processed in these order books. Trading will begin at 9:00 a.m. Pacific Time (PT) the next day, if the liquidity conditions are met.”
Maker is described by Coinbase as an ERC20 token called a utility token, a governance token and a Maker system recapitalization resource.
The goal of the Maker system is to manage another Ethereum token, the DAI stablecoin, which trades around the value of $1 US.
The press release specifies that the MKR token will then be launched on Coinbase in a separate announcement.
In April 2019, Coinbase Pro had attempted to list MKR in a limited number of jurisdictions.
Due to the limited liquidity, no transaction had been executed and the transaction had therefore been canceled.
Coinbase is therefore redoing a listing attempt for this token linked in particular to the decentralized finance DeFi which is becoming more and more important on the market.
This is an important crypto token to list and which may be so this time, if the volume and liquidity are there.
A Maker (MKR) price which could therefore go up on the day of the listing as was the case for the listing of the Omisego token (OMG) on Coinbase.
The Maker price is currently up 40%!