The United States’ largest cryptocurrency exchange, Coinbase, is listing Tether (USDT) on its professional trading platform.
According to a Thursday announcement, Coinbase Pro has enabled USDT deposits ahead of the trading launch scheduled for April 26. The company said that trading will begin if liquidity conditions are met, stressing that Coinbase only supports ERC-20 USDT running on the Ethereum blockchain.
“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,” Coinbase wrote.
Coinbase emphasized that USDT is not yet available on its retail trading platform Coinbase.com nor on its consumer mobile apps. “We will make a separate announcement if and when this support is added,” Coinbase noted.
USDT trading on Coinbase Pro is now available for residents in countries including the United States (with the exception of New York state), the European Union, the United Kingdom, Canada and Singapore.
In listing Tether