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#coinbase bounce: 3 of 4 #ethereum tokens rally against #bitcoin on day of listing

trading of civic (cvc), district0x (dnt), loom network (loom), and decentraland (mana) — all erc-20 tokens that run on the ethereum network — today went live on coinbase pro, and most received a bump from their listing on the crypto exchange.

cvc, loom, mana, and dnt listed on coinbase
in a post earlier today, coinbase reached out to traders to announce that it had started accepting inbound transfers of the newly listed crypto assets. the san francisco exchange established that once they acquire enough liquidity, they would begin the trading. several hours before press time, coinbase confirmed reaching the said threshold, which prompted them to start a part of their trading services. “trading on the cvc, dnt, loom, and mana order books is about to begin,” the company announced later. “these order books will now enter post-only mode. customers can post limit orders, but there will be no matches. order books will be in a post-only mode for a minimum of 1 minute.” it marks the second stage — dubbed as post-only — of the overall listing process, as defined by coinbase at the time of the announcement. the next steps would see coinbase beginning to match limit orders for cvc, dnt, loom, and mana. and in the final stage, full trading services will be available for these ethereum tokens, including limit, market, and stop orders.

tokens rally against bitcoin & ethereum
on friday, when coinbase announced that it was going to add cvc, dnt, loom, and mana to its trading platform, the market of each #ethereum-based token reacted positively, noting decent surges across other #crypto #exchanges. as of today, each and every coin as mentioned above is undergoing extreme corrections against the us #dollar. but, at the same time, a majority of them have surged against #bitcoin and #ethereum.

dnt at press time is undergoing bearish correction after testing an aggregated high at $0.016321. the coin is now trading at $0.015018, up 3.63% on a 24-hour adjusted chart. meanwhile, it has surged 8.66% against #bitcoin, now #trading at 432 satoshis.
#bitcoininfo #bitcoinnews #bitcoin #coinbase

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