On the 5th
September, the General Manager for Coinbase Pro, David Farmer revealed in a blog post o Medium that they will soon be launching new GBP trading pairs for Bitcoin Cash, Ethereum Classic, Litecoin and Ethereum.
On the 2nd
August this year, Coinbase announced that it was going to begin support for the British Pound and their UK customer base.
Coinbase have managed to get their e-money license for its fiat operations from the financial regulator in the UK, the Financial Conduct Authority (FCA) added support for the Faster Payment Scheme which became the first crypto trading platform to obtain a back account in the UK.
This means that deposits and withdrawals would be able to put through on the same day. All UK customer at the moment are able to send GBP to all their Coinbase accounts through a domestic bank transfer.
The recent announcement of the GBP trading pairs – ETH-GBP, LTC-GBP, BCH-GBP, ETC-GBP. It is worth mentioned that Coinbase Pro currently supports BTC-GBP already.
The launch starts at 9am British Standard Time tomorrow, Friday 7th
September and there will be three parts to the launch which will go:
“Post-only. In the first stage, customers can post limit orders but there will be no matches. Order books will be in post-only mode for a minimum of ten minutes.
Limit-only. In the second stage, limit order will start matching but customer are unable to submit market order. Order books will be in limit only for a minimum of ten minutes.
Full trading. IN the final stage, full trading services will be available, including limit market and stop orders.”