Cosmos (ATOM) is launching on Coinbase Pro

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On Monday, January 13, transfer ATOM into your Coinbase Pro account ahead of trading. Support for ATOM will be available in all Coinbase’s supported jurisdictions. Per previous launches, transfers will open during business hours, Pacific Standard Time.

On Monday, January 13, we will begin accepting inbound transfers of ATOM to Coinbase Pro. We will accept deposits for at least 12 hours prior to enabling full trading. Trading will begin on or after 10AM Pacific Standard Time the following day if liquidity conditions are met.

Once sufficient supply of ATOM is established on the platform, trading on the ATOM/USD, and ATOM/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. Support for ATOM will be immediately available in all Coinbase’s supported jurisdictions.

At this point, Coinbase will not support ATOM staking.

Cosmos is an interoperable blockchain protocol that facilitates the transfer of data between existing chains. It operates via a hub-and-spoke model that leverages the design elements of other chains to enable cross-chain interaction. The Cosmos framework features a Byzantine Fault-Tolerant (BFT) consensus algorithm developed by Tendermint to secure the protocol.

Please note that ATOM 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 ATOM 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 send tweets from our Coinbase Pro Twitter account as each order book moves through the following phases:

  1. Transfer-only. Starting on Monday, January 13, customers will be able to transfer ATOM into their Coinbase Pro account. Customers will not yet be able to place orders and no orders will be filled on these order books. Order books will be in transfer-only mode for at least 12 hours. We will communicate the exact timing for this phase via Twitter closer to the date.
  2. Post-only. In the second stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of one minute.
  3. Limit-only. In the third stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of ten minutes.
  4. Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.

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.

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

Cosmos (ATOM) is launching on Coinbase Pro was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.