On Monday, June 8, transfer MKR into your Coinbase Pro account ahead of trading. Support for MKR will be available in all Coinbase’s supported jurisdictions, with the exception of New York State. Per previous launches, transfers will open during business hours, Pacific time.
On Monday, June 8, we will begin accepting inbound transfers of MKR to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) the following day, if liquidity conditions are met.
Once sufficient supply of MKR is established on the platform, trading on our MKR-USD and MKR-BTC order books will start in phases, beginning with post-only mode and proceeding to full trading should our metrics for a healthy market be met.
Maker (MKR) — Maker is an ERC20 token that describes itself as “a utility token, governance token, and recapitalization resource of the Maker system.” The purpose of the Maker system is to manage another Ethereum token, the DAI stablecoin, that seeks to trade on exchanges at a value of exactly US$1.00.
Please note that MKR 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 MKR 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 publish tweets from our Coinbase Pro Twitter account as each order book moves through the following phases:Transfer-only. Starting on Monday, June 8, customers will be able to transfer MKR into their Coinbase Pro account. Customers will not yet be able to place orders and no orders will be filled on these order books. Trading will begin on or after 9AM Pacific Time (PT) the follow...