The cryptocurrency exchange Coinbase Pro announced the listing of the Polkadot project token (DOT). Over 24 hours, the asset’s price rose 16%.
Starting today, inbound transfers for DOT are now available in the regions where trading is supported. Traders cannot place orders and no orders will be filled. Trading will begin on or after 9AM PT on Wednesday June 16, if liquidity conditions are met. https://t.co/iWgfMf9B4x
— Coinbase Pro (@CoinbasePro) June 14, 2021
According to the report, deposits in DOT tokens are already available to users. If liquidity criteria are met, trading will begin on June 16.
According to CoinGecko, the token’s price reacted with a 16% rise over 24 hours. As of writing, DOT was trading at $24.69.
In addition to the so-called ‘Coinbase effect’, DOT’s price could have been influenced by progress in the development of the Polkadot ecosystem and its experimental Kusama (KSM).
In May 2021, Gavin Wood, founder of the blockchain platform, said that the project has entered the final phase of mainnet launch, which includes the deployment of parachains in the Kusama network. The first of them — Shell — was launched in the same month.
The Polkadot team also announced readiness to begin auctions for selling slots to launch parachains on the experimental network starting June 15. Participants will bid, indicating the range for continuous slot rental and the amount of KSM that they are willing to lock up for that period.
Earlier in June, Coinbase Pro added the Elon Musk–supported meme token Dogecoin to its listings. The asset’s price rose by more than 18% over 24 hours.
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