Coinbase Pro announced today that will add support for BAL and REN, trading will begin on or after 9AM PT Tuesday October 6, if liquidity conditions are met.
Today, Thursday October 1, we will begin accepting inbound transfers of BAL and REN to Coinbase Pro. Trading will begin on or after 9AM Pacific Time (PT) Tuesday October 6, if liquidity conditions are met, the largest crypto exchange in the US said in a blog post. “Once sufficient supply of BAL and REN is established on the platform, trading on our BAL-USD, BAL-BTC, REN-USD and REN-BTC order books will launch in four phases, transfer-only, post-only, limit-only and full trading.”
Balancer (BAL) is an Ethereum token that powers the Balancer protocol, an automated market maker that lets anyone create or add liquidity to trading pools while earning customizable trading fees. Balancer pools can have up to 8 tokens and each token can be individually weighted within the pool, such that one token can make up as little as 2% of the total.
Ren (REN) is an Ethereum token that powers Ren’s open protocol for transferring cryptocurrencies between blockchains. Ren aims to bring popular assets like Bitcoin and Zcash to blockchains including Ethereum, making it possible for these assets to participate in Ethereum’s decentralized finance ecosystem.
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