Listing Announcement on Coinbase Upgrades MakerDAO Service Token Price by 40%

Bitcoin exchange Coinbase Pro announced the listing of the MKR token of the MakerDAO platform. The price of an asset per hour rose from $ 349 and $ 478 per coin.

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At the time, quotes rose to $ 488 - by 39.8%. At the time of writing, MKR is trading at $ 458.

Source: TradingView

Coinbase Pro will start accepting deposits in tokensJune 8. Trading will begin the next day when the necessary liquidity is gained. Initially, the exchange will offer two trading pairs: MKR / USD and MKR / BTC.

Adding an asset to the platform will take place in four stages:

1. The opportunity to make deposits will open.
2. Limit orders will be available, but without comparison.
3. Limit orders will be executed.
4. Full trade starts.

The exchange recalled that in 2019 it tried to launch MKR trading in a limited number of jurisdictions, but a full-fledged market failed.

This time, the asset will be available to users from all countries in which Coinbase Pro operates. The exception will be New York State.

MKR is the official token of the Maker DeFi platform on the ERC-20 protocol, which allows users to participate in management decisions by voting.

Recall that Coinbase opened the opportunity to earn on Tezos (XTZ) staking to customers in Europe, following users from the United States.