Cosmos (ATOM) is now available on Coinbase Pro
On Tuesday, February 14, ATOM began trading on Coinbase Pro. Support for ATOM is available in all Coinbase’s supported jurisdictions. Per previous launches, transfers opened during business hours, Pacific Standard Time.
On Tuesday, February 14, ATOM began trading on Coinbase Pro. Per previous launches, transfers opened during business hours, Pacific Standard Time.
Once sufficient supply of ATOM was established on the platform, trading on the ATOM/USD, and ATOM/BTC order books began in phases, beginning with post-only mode and proceeding to full trading after our metrics for a healthy market were met. Support for ATOM will be immediately available in all Coinbase’s supported jurisdictions.
At this point, Coinbase will not support ATOM staking.
Cosmos is an interoperable blockchain protocol that facilitates the transfer of data between existing chains. It operates via a hub-and-spoke model that leverages the design elements of other chains to enable cross-chain interaction. The Cosmos framework features a Byzantine Fault-Tolerant (BFT) consensus algorithm developed by Tendermint to secure the protocol.
Please note that ATOM is not yet available on Coinbase.com or via our consumer mobile apps. We will make a separate announcement if and when this support is added.
The Stages of the ATOM Launch
There will be four stages to the launch as outlined below. We will follow each of these stages independently for each new order book. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.
We will send tweets from our Coinbase Pro Twitter account as each order book moves through the following phases:
- Transfer-only. Starting on Monday, January 13, customers were able to transfer ATOM into their Coinbase Pro account. Customers weren’t able to place orders and no orders were filled on these order books. Order books were in transfer-only mode for at least 12 hours. We will communicated the exact timing for this phase via Twitter closer to the date.
- Post-only. In the second stage, customers were able to post limit orders but there were no matches (completed orders). Order books were in post-only mode for a minimum of one minute.
- Limit-only. In the third stage, limit orders started matching but customers were unable to submit market orders. Order books were in limit-only mode for a minimum of ten minutes.
- Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.
One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time.