Coinbase Pro postpones trading of Japanese Yen-backed stablecoin GYEN
Coinbase Pro, the largest US crypto exchange by market cap, revealed that it has postponed trading of Japanese Yen-backed stablecoin GYEN.
Coinbase Pro had announced the listing of GYEN on Tuesday, with trading scheduled to start from on or after 9 AM Pacific Time (PT) Wednesday, November 10. However, the exchange soon after posted a notice on Twitter saying that it delayed the launch of GYEN. Coinbase did not reveal the reason behind the postponement.
We have decided to move the launch of GYEN. At this time deposits and withdrawals are still available. We will provide an update as soon as possible and anticipate a launch next week.
— Coinbase Pro (@CoinbasePro) November 10, 2021
GYEN is a stablecoin backed one-on-one by the Japanese currency Yen. Launched on the Ethereum blockchain, GYEN is issued by Japanese internet company GMO, which is listed on the Tokyo Stock Exchange.
In another announcement, Coinbase Pro reported increasing the number of stocks available for its users in New York and Singapore. The exchange plans to add Avalanche (AVAX), Assembly Protocol (ASM), Perpetual Protocol (PERP), and SUKU (SUKU) to its list of stock offerings to NY customers.
Similarly, Coinbase Pro will offer Polkadot (DOT), PlayDapp (PLA), Shiba Inu (SHIB), Rally (RLY), and Quant (QNT) to Singapore users.
AVAX, ASM, PERP & SUKU are now available to New York residents.
DOT, PLA, SHIB, RLY & QNT are now available to Singapore residents.
To access trading, users may need to refresh https://t.co/XPL9tgB0YB pic.twitter.com/AFjPAszYyL
— Coinbase Pro (@CoinbasePro) November 10, 2021
The post Coinbase Pro postpones trading of Japanese Yen-backed stablecoin GYEN appeared first on Our Bitcoin News.
OhNoCryptocurrency via https://www.ohnocrypto.com/ @Gauri Bhatia, @Khareem Sudlow