Tezos (XTZ), a blockchain platform that features a self-evolving upgrade system, landed its biggest exchange listing to date today after Coinbase announced that it will be adding support on its Pro platform.
On Monday August 5, our XTZ/USD, and XTZ/BTC order books will enter transfer-only mode, accepting inbound transfers of XTZ 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/PDrccf2Nww
— Coinbase Pro (@CoinbasePro) July 30, 2019
According to the announcement, Tezos will be listed on Coinbase Pro with both USD and BTC trading pairs with inbound transfers starting on Monday, August 5 — trading will begin at least 12 hours later. The altcoin will initially be available in all Coinbase jurisdictions except New York.
As with other Coinbase Pro listings, there is no current timeline for the launch of Tezos on the retail Coinbase app. Coinbase already supports Tezos staking via its Custody product and will likely offer similar functionality to its retail clients in the near future.
This marks the second major listing for Tezos in recent weeks. As we previously reported, Singapore-based crypto exchange KuCoin listed Tezos, as part of the exchange’s efforts to claim additional US market share.
The price of XTZ has reacted well to the listing announcement, surging over 21% to $1.23, giving the altcoin a market cap of $812.7 million.
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.