Coinbase Pro Opens Deposits for EOS (EOS), Maker (MKR), Augur (REP)

Published on Unknown by Cryptovest Staff

The three new assets with vastly different features will see trading pick up in the coming days, potentially being added to the central Coinbase broker service.

Coinbase Pro expanded its selection with three extremely diverse digital assets: EOS (EOS), Maker (MKR) and Augur (REP). The selection points to the opportunity of offering those assets in the central Coinbase brokerage service in the near future.

Limitations apply to deposits and trades, due to the nature of the projects. EOS and REP will be available to all jurisdictions except for the state of New York. MKR will only be available to buyers from outside the USA.

The three projects have stirred controversy in the past for their intended token or business models. EOS has seen delays in being listed, as the network saw skepticism about price manipulation and the stability of the network. REP has been shunned due to its connections with what could be seen as a form of bet-making.

MKR is a more complex case, where the native coin is used to collateralize DAI, an algorithmic stablecoin. MRK is supported by Ethereum (ETH) deposits, soaking up a significant part of the ETH supply, and deriving its value from the crypto collaterals.

Following the news, EOS market prices barely moved, stagnating around $5.41. The asset is mostly affected by the general movement on the markets. REP remained at $20.57, sinking from recent heights above $23.

MKR has been much more volatile, sinking toward the $700 tier after trading above $799 in the past days. MRK also lost significantly against Bitcoin (BTC), sliding from 0.018 BTC to 0.013 on a downward trend.

Coinbase has expanded to multiple assets, including long-awaited projects like Ripple’s XRP and Stellar (XLM). The new additions are once again based on community demand. However, it is uncertain whether the listings would boost the prices significantly. The digital asset market is volatile and the current valuations after a significant rally are yet to prove they are sustainable.