Celo is launching on Coinbase Pro
Updated on Friday, August 28: Coinbase Pro will be listing Celo under the CGLD ticker name. Trading on Coinbase Pro will be supported for CGLD-USD, CGLD-BTC, CGLD-EUR and CGLD-GBP. You will be able to send and receive CELO or CGLD, as they are the same asset.
On Monday, August 31, transfer Celo into your Coinbase Pro account ahead of trading. Support for Celo will be available in all Coinbase’s supported jurisdictions. Per previous launches, transfers will open during business hours, Pacific time.
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 Numeraire (NMR), Band (BAND), Compound (COMP), Maker (MKR) and OmiseGo (OMG), along with supporting additional European and UK order books. Coinbase continues to explore support for new digital assets.
On Monday, August 31, we began accepting inbound transfers of Celo 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 Celo is established on the platform, trading on our CGLD-USD, CGLD-BTC, CGLD-EUR and CGLD-GBP order books will launch in four phases, transfer-only, 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.
Celo (CGLD) is a cryptocurrency that acts as a utility and governance token for the Celo platform. The Celo platform is designed to make it easy for anyone with a smartphone to send, receive, and store stablecoins running on Celo (for example, the Celo Dollar) without needing a crypto wallet.
Please note that Celo 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.
Note Coinbase owns Celo tokens as a result of a 2018 investment in Celo. Coinbase intends to maintain its investment in Celo for the foreseeable future and maintains internal policies that address the timing of permissible disposition of its digital assets, including Celo tokens.
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