Coinbase Pro adds support to Chainlink, Uniswap, Yearn.Finance

Due to bullish sentiment sweeping the market, especially diversified financing, cryptocurrency exchanges have been actively adding new venture capital. Coinbase Pro announced support for new orders for Chainlink [LINK], Uniswap [UNI], Yearn.Finance [YFI], Zcash [ZEC] and Algorand [ALGO].

According to the announcement, the new currency pairs that will be added to the exchange will be LINK-BTC, LRC-BTC, UNI-BTC, YFI-BTC, ZEC-USD and ALGO-BTC. The trading of these currency pairs will be carried out in stages on December 8, with only later trading, limited trading and complete trading only. She added:

"If the new order book cannot meet our assessment of a healthy and regulated market at any time, we may keep it for a longer period of time in one case or suspend trading in accordance with our trading rules."

The decision was made after Coinbase will stop providing its customers with an update of margin trading services. The regulation came into effect on November 25. As all trading positions expire, this feature will be completely removed from the platform in December. Many people in the DeFi world have hinted that this may arouse more interest in DeFi, such as Kyle Joseph Kistner of bZx.

Chistner pointed out that the CFTC's "not your key, not your cryptocurrency" position is to influence the central exchange. He added:

"The CFTC said that only DeFi is allowed to provide margin trading services.

Coinbase Pro's support for well-known DeFi projects such as UNI and YFI may be an attempt to attract user interest.