Coinbase Pro has recently announced that it is extending its support for NuCypher (NU). According to the announcement, the trading will be starting from December 02, 2020, at 09:00 AM (Pacific Time).
The exchange mentioned that they also receive huge requests for adding more assets to the platform. Recently, Coinbase Pro has added support for Wrapped Bitcoin (WBTC), OmiseGo (OMG), Balancer (BAL), Maker (MKR), Ren (REN), Compound (COMP), Uniswap (UNI), and few others. This shows their commitment to extending support for new digital assets, very frequently.
Coinbase Pro Will Launch NuCypher Trading in Four Phases
Although trading will start from December 02, 2020, Coinbase Pro has started accepting its inbound transfer from November 30 only. The exchange has revealed that they will be launching trading for NU in four different phases i.e., transfer-only, post-only, limit-only, and full trading.
The order books that will be launched in three phases are NU-USD, NU- GBP, NU-EUR, NU-BTC. Coinbase Pro will be publishing tweets from its Twitter account about the movement of order books through different phases. It has also stated that in case, the order book is not able to meet the expectations of the market, it might be kept in one phase for a longer period.
Not Available on Coinbase.com or Mobile Apps
The main function of NuCypher is to provide data privacy, along with key management for different DApps and protocols. Coinbase Pro has specified that currently NU is not made available on Coinbase.com or any of its mobile apps. The exchange will announce officially when they will add NU to its other platforms. By launching on such a huge exchange, the visibility of NU will increase to a very great extent and will get exposure to the large user base of the exchange. One can easily sign up to get an account to start trading and the existing one can sign in from their account as usual.