The Internet Computer (ICP) will be launching on Coinbase Pro and supported by Coinbase Custody

Updated on Sunday May 9: ICP is launching on Coinbase Pro on Monday May 10th. Transfer ICP into your Coinbase Pro account ahead of trading. Trading will begin on or after 9am PT once liquidity conditions are met.

On Monday May 10 transfer ICP governance tokens (developed by the DFINITY Foundation) into your Coinbase Pro account ahead of trading. Support for ICP will be available in all Coinbase’s supported jurisdictions with the exception of New York State. Trading will begin on or after 9am PT once liquidity conditions are met. Coinbase Custody now supports Internet Computer (ICP).

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. Most recently we have added trading support for Tether (USDT), Ampleforth Governance Token (FORTH), 1inch (1INCH), Enjin Coin (ENJ), NKN (NKN), Origin Token (OGN), Ankr (ANKR), Curve DAO Token (CRV), Storj (STORJ), Cardano (ADA), SushiSwap (SUSHI), Polygon (MATIC) SKALE (SKL), The Graph (GRT), Aave, (AAVE), Bancor (BNT), Synthetix (SNX), Filecoin (FIL), and Uniswap (UNI), along with supporting additional order books. Coinbase continues to explore support for new digital assets.

ICP is launching on Coinbase Pro on Monday May 10th. Transfer ICP into your Coinbase Pro account ahead of trading. Trading will begin on or after 9am PT once liquidity conditions are met.

After sufficient supply of ICP is established on the platform, trading on ICP-USD, ICP-BTC, ICP-EUR, ICP-GBP & ICP-USDT 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.

We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.

Internet Computer utility tokens (ICP) can be staked in its governance system to earn “voting rewards”, or “converted into cycles” that can be used to power smart contract computation. On the Internet Computer blockchain, “developers can create websites, enterprise IT systems, pan-industry protocols, hyperscale open internet services, DeFi, and NFTs by deploying their code directly on the public Internet”.

Dominic Williams, Founder and Chief Scientist of the DFINITY Foundation says, “The Internet Computer represents the third major innovation in blockchain after Bitcoin and Ethereum. It supports smart contract software that can run at web speed and serve web to users for the first time, and a network that can scale its compute capacity with user demand, greatly increasing the potential applications of public blockchain, and improving the reach of today’s blockchain ecosystem. It represents the product of an unprecedented multi-year R&D effort, orchestrated by the DFINITY Foundation from research and development centers in Zurich, Palo Alto, San Francisco and Tokyo, and with additional remote teams in places such as Germany and the UK. The project has a singular purpose, and that is to relentlessly expand the capabilities of public blockchain and the decentralized ecosystem using advanced computer science and cryptography, and to make blockchain the platform of choice upon which we can reimagine all our systems and services.”

To learn more about the cryptography and technology behind the Internet Computer blockchain, join the Internet Computer launch event on Friday May 7 2021 @ 10am PT / 7pm CET.

ICP 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.

You can sign up for a Coinbase Pro account here to start trading. For more information on trading ICP on Coinbase Pro, visit our support page.

###

Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.

This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

All images provided herein are by Coinbase.

The Internet Computer (ICP) will be launching on Coinbase Pro and supported by Coinbase Custody was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Publication date: 
05/09/2021 - 16:14
Author: 
Disclaimer

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.