Coinbase has moved the CP-USD trading pair into auction mode, temporarily changing how orders are handled before normal matching begins. During the auction phase, users can place limit orders and view an indicative opening price, but no trades will be matched for at least 10 minutes. Once the auction ends, all crossing orders will be executed at a single opening price. Coinbase had previously announced support for Cluster Protocol (CP) and opened address generation for deposits, marking another step in the asset’s rollout on the platform. The update focuses specifically on the CP-USD pair and outlines the mechanics users can expect during the opening auction window.
Coinbase has switched the CP-USD trading pair into auction mode, according to Odaily.
During the auction phase, users can place limit orders and view an indicative opening price, but no trades will be matched for at least 10 minutes.
After the auction ends, all crossing orders will be matched at a single opening price.
Coinbase had previously announced support for Cluster Protocol (CP) and opened address generation for deposits.
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