Chainlink (LINK), a decentralized oracle network, has become the latest altcoin to gain a listing on Coinbase Pro, Coinbase’s professional trading platform.
Our LINK/USD, and LINK/ETH order books will soon enter transfer-only mode, accepting inbound transfers of LINK in supported regions. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/BnVOqhFUdV
— Coinbase Pro (@CoinbasePro) June 26, 2019
According to the announcement, Coinbase began accepting inbound LINK transfers at 10:00 AM (PDT) on Wednesday and will likely enable trading in the coming hours to days.
“Once sufficient supply of LINK is established on the platform, trading on the LINK/USD, and LINK/ETH order books will start in phases, beginning with post-only mode and proceeding to full trading should our metrics for a healthy market be met,” reads the announcement. “Support for LINK will be immediately available in all Coinbase’s supported jurisdictions, with the exception of New York State. Additional jurisdictions may be added at a later date.”
This is yet another major win for Chainlink, which is still benefiting from the recent announcement that Google would be leveraging the project’s decentralized oracle network.
LINK is currently up 18.9% on the day to $2.50, giving the altcoin an $870.8 million market cap.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.