Coinbase to list StepN tokens- GMT and GST on its platform 

Key Takeaways:

  • GMT and GST to be listed with experimental label
  • BUSD had already been listed and trading began at 9 am PT on April 27.
  • Trading for GMT and GST markets started on 9 am PT on April 28.
  • GMT-USD, GST-USDT, GST-USD and GST-USDT, will be the available trade pairs
  • GMT and GST are supported on the Solana network

Coinbase assets announced on Twitter that two StepN tokens (GMT and GST) will be listed on the popular crypto exchange. It also further added that these tokens would be listed with the experimental label. Experimental asset label is usually given to certain tradable assets that are either new to our platform or have relatively low trading volume compared to Coinbase’s broader crypto marketplace. The experimental label helps customers make more informed decisions.

StepN is a recent move-to-earn project built on the Binance and Solana network by a team of Chinese blockchain developers. Coinbase also revealed that Inbound transfers for this asset are now made available on   @CoinbaseExch and @Coinbase in the regions where trading is supported. Both GMT and GST are supported on the Solana network (SPL tokens).

BUSD had already been listed and trading began at 9 Am PT on April 27.Established trading on their BUSD-USD,BUSD-USDT to launch in phases once sufficient supply of these assets is established.

Trading for GMT and GST markets started on 9 am PT on April 28. If the liquidity conditions are met, the following trade pairs will be available; GMT-USD, GST-USDT, GST-USD, and GST-USDT. Not all the trade pairs, however, will be available at once.

The Coinbase announcement also suggested that users not to send the GMT and GST assets over other networks as these assets are solely supported on the Solana network. Sending the new tokens over other networks can result in users’ funds getting lost. The values of these tokens are expected to increase sporadically after the Coinbase listing, as is often the case with the listing of tokens on the Coinbase exchange.

Saniya Raahath
Saniya Raahath

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