Coinbase Pro Welcomes Orchid (OXT) with Open Arms and Limited Boundaries

Orchid OXT Makes Its Debut on Coinbase Pro

In a move that’s as exciting as finding an extra fry at the bottom of the bag, Coinbase Pro is adding support for Orchid (OXT) on its professional trading platform. On December 12, Coinbase announced that users could begin depositing OXT starting December 13, which means you have about as much time as a toddler’s attention span to get ready to trade!

Trading Phases: A Step-by-Step Approach

Coinbase Pro has adopted a phased rollout for OXT trading. Think of it as the dance of the three-legged race: one step at a time. The four phases for trading OXT will be:

1. Transfer-only mode: Kick things off by depositing your OXT.
2. Post-only mode: You can place orders, but not execute them just yet – let’s build some anticipation!
3. Limit-only mode: At this stage, trades can be completed, but only under specific parameters.
4. Full trading mode: The grand finale! All trading options are available.

Regional Limitations: Not Everyone Can Join the Party

While many will enjoy the new functionality, some regions are less fortunate. OXT will be available in all supported locations, except the lovely places of New York State and the United Kingdom. No confirmation yet on when these areas might join the fun, but fingers crossed!

What is Orchid (OXT)?

Curiouser and curiouser? Orchid is more than just a confusing name. It offers a decentralized virtual private network (VPN) service that allows users to browse the internet anonymously. Basically, it’s like wearing a disguise at a costume party: super fun and keeps your identity safe! It features a bandwidth marketplace where node providers stake tokens to showcase their services and get paid in OXT. Who knew crypto could be this useful?

The Coinbase Pro Mobile App: Trading on the Go

In case you’re looking for more convenience than just sitting at your desk, Coinbase recently rolled out an iOS app for Coinbase Pro users. With this handy app, you can trade OXT and over 50 other pairs from the comfort of your couch, while taking a snack break! All the desktop features are here: real-time candles, depth charts, order books, and everything you need to feel like a trading guru.