The Coinbase Pro cryptocurrency exchange is listing DOT, the native asset of Polkadot. The exchange anticipates that DOT trading will commence at 9 AM PT, on June 16, if sufficient liquidity has been set up. Currently, DOT is not yet included in the list on the main Coinbase.com platform or the mobile app of the firm. However, assets listed on Coinbase Pro typically also get adding it to those platforms at some point in the future.
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Polkadot is a Proof-of-Stake blockchain platform that backs Parachains, which are personalized blockchains linked to the main Polkadot Relay Chain for security and interoperability benefits. In addition to this, when Coinbase Pro disclosed a new listing, the price of the crypto asset in question usually foresees some positive gain.
The same is the case with DOT, which surged 13.1% in the last 24 hours. In comparison, the total cryptocurrency market cap reached 3.3% in the same time frame. DOT currently recorded a market capitalization of $22 billion, which is good sufficient for 8th place in the cryptocurrency market cap rankings.
Furthermore, Parachain functionality is not yet live on Polkadot, but it has already been introduced on Kusama. If Kusama’s first parachain slot sales attract the attention, it will be quite interesting to see how the DOT markets will react once parachain functionality starts turning out on Polkadot as well.