Orchid (OXT) Now Live on Coinbase Pro Exchange
Orchid (OXT), the native altcoin of Orchid Labs, a distributed ledger technology (DLT) project that’s focused on building highly secure custom virtual private networks (VPNs) for users is now live on Coinbase Pro cryptocurrency exchange, according to a blog post on December 12, 2019.
Orchid (OXT) Meets Coinbase’s High Standards
Coinbase Pro, a leading United States-based bitcoin (BTC) trading venue from the stables of Coinbase, has announced support for Orchid (OXT).
As stated in its blog post, starting from December 13, 2019, after 10 am Pacific time, users of Coinbase Pro will be able to transfer their Orchid (OXT) tokens to their wallets for at least 12 hours before trading officially commences on the exchange.
The team says OXT trading will be available in all Coinbase-supported jurisdictions across the globe, with the exception of New York State.
As always, support for Orchid (OXT) will be done in four different phases including the Transfer-only, where customers will be able to deposit their OXT tokens into their wallets, followed by the post-only phase which allows traders to post limit orders that will not be executed, after which the Limit-only, and Full-trading phases will kick in.
Why Orchid (OXT)?
He Orchid (OXT) project was launched in 2017, with a mission to make the internet more accessible and open to everyone via its decentralized and customizable VPN solutions that connect individual internet users to bandwidth providers across the globe.
OXT powers the Orchid ecosystem, giving holders a chance to function as a network of nodes by staking the tokens.
OXT, an ERC-20, is the primary payment method in the Orchid ecosystem and anyone interested in enjoying Orchid must hold OXT, download the Orchid app as well as a Web3 cryptocurrency wallet.
Coinbase Pro has made it clear that Orchid (OXT) is not yet available on Coinbase.com or on its mobile apps.
The exchange said:
“One of the most common requests we receive from traders is to be able to trade more digital assets on our platform. In line with the terms of our listing process, we look forward to listing more assets that meet our standards as time goes on.”