Prominent European cryptocurrency exchange Bitstamp is ramping up the number of coins on its platform. It recently announced support for three new coins- USD Coin (USDC), Chainlink (LINK), and OMG Network (OMG).
Four stages of launch
The launch will be conducted in four stages, like most other coins supported on the exchange. The first stage of the launch will be a transfer-only mode, where deposits and withdrawals for USDC and LINK will open on October 19. For OMG, the transfer-only mode will be available on October 26. It is an Ethereum-based financial network owned by Omise, an Asian payments service. It counts Vitalik Buterin, Ethereum co-founder, as an advisor.
Between October 20 to October 27, the rest of the modes will take place. The second phase is called the Post-Only mode will be active on this date. During this phase, users can only post limit orders on the platform but order matching will not be available. The books will be in this mode for at least two hours. The third phase i.e. limit-only mode will start after this, which will see orders being matched. During this time, market orders will not be allowed.
In the final stage, Bitstamp will enter the full trading mode where all trading services will be available for all new tokens including market, limit, and stop orders.
New assets coming to Bitstamp
The exchange will keep the users updated with the different stages of the launch on its website. It will charge zero trading fees from the users until the end of the year. Last month, the exchange announced plans to add some new coins to its platform. The new lineup of assets should be compliant with local laws and jurisdiction regulations. The assets must also pass a strict safety, technical and compliance review.
The assets which are being considered for listing on the attention include Paxos Standard Token (PAX), Basic Attention Token (BAT), 0x (ZRX), and Zcash (ZEC), Stellar Lumens (XLM), and Ethereum Classic (ETC).
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