Coinbase Pro, the US’s largest cryptocurrency exchange, has announced on the 2nd that it has listed three cryptocurrencies on its platform. The new listing includes Alchemy Pay (ACH), PlayDapp (PLA), and Rai Reflex Index (RAI).
The newly listed stocks do not correspond to Singapore residents. Trading of the assets has already started and trading pairs are offered as ACH-USD, PLA-USD, and RAI-USD.
The company issued the announcement on the company’s website. The announcement read:
“Once sufficient supply of ACH, PLA, and RAI is established on the platform, trading on our ACH-USD, PLA-USD and RAI-USD order books will launch in three phases, post-only, limit-only and full trading. 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.”
All the newly listed stocks are based on the Ethereum blockchain.
Alchemy Pay (ACH) is the native token of Alchemy Pay, a payment platform that enables payments for fiat currencies and cryptocurrencies. Alchemy Pay charges a fee in ACH tokens as well as offers ACH rewards to its users.
PlayDapp (PLA) is the native token of PlayDapp which is a blockchain gaming platform and non-fungible token (NFT) marketplace.
Lastly, the Rai Reflex Index (RAI) is an algorithmic stablecoin that is an Ethereum backed stablecoin and does not peg its value to any legal tender.
Coinbase no longer has stringent policies for new cryptocurrencies to enter its platform. The exchange has announced that it will add as many digital tokens as legally possible. Coinbase CEO Brian Armstrong tweeted:
“Outside of our listing standards (for safety/legality), we don’t offer an opinion on the value of each asset.
We are asset agnostic, because we believe in free markets and that consumers should have choice in the cryptoeconomy. This is how we’ll have the most innovation.”