Coinbase Lists Stablecoin Tether (USDT) for Pro Traders

Fazzaco learned that Coinbase, a fully regulated and licensed cryptocurrency exchange, announced that it will list stablecoin Tether (USDT), the most valuable stablecoin in the world, for trading on Coinbase Pro on April 26, 2021.

The listing of stablecoin Tether will allow Coinbase Pro users to transfer Tether (USDT) into their accounts ahead of the trading. Additionally, Coinbase is only supporting ERC-20 USDT running on the Ethereum blockchain. 

Coinbase detailed in the official announcement, "Starting immediately, we will begin accepting inbound transfers of Tether (USDT) to Coinbase Pro. Trading will begin on or after 6 PM Pacific Time (PT) Monday, April 26, if liquidity conditions are met. Please note that Coinbase only supports ERC-20 USDT. Once sufficient supply of USDT is established on the platform, trading on our BTC-USDT, ETH-USDT, USDT-EUR, USDT-GBP, USDT-USD and USDT-USDC order books will launch in three phases, post-only, limit-only and full trading."

Fazzaco earlier reported that Coinbase went public through a direct listing on Nasdaq under the ticker symbol of COIN. The company released estimated results for its first quarter ended March 31, 2021, with trading volume reaching $335 billion and total revenue about $1.8 billion. Additionally, IG Group, Rakuten Securities, CMC Markets, eToro, Admiral Markets (or Admirals) and Binance, have announced the offering of access to Coinbase trading and investing ​following its landmark stock market debut on the Nasdaq on April 14th.