Coinbase has moved the WMTX-USD trading pair into limit-only mode across both Coinbase Exchange and Coinbase Advanced, meaning traders can only place limit orders. Market orders, the kind where you click “buy” and accept whatever price the market gives you, are no longer accepted for this pair. What limit-only mode actually means When Coinbase restricts a trading pair to limit-only, it’s essentially putting guardrails on the order book. Limit orders let traders specify the exact price they’re willing to buy or sell at. Market orders, by contrast, execute immediately at whatever price is available, which can cause wild price swings when liquidity is low. Coinbase has used this exact mechanism before with other lower-volume pairs, including GRASS-USD and BLUECHIP-USD. The exchange typically rolls out new trading pairs in phases: deposits open first, then limit-only trading kicks in, and full trading with market orders follows once the order book has enough depth to absorb them without excessive slippage. The token behind the ticker WMTX is the utility token powering World Mobile Chain, a project building a decentralized mobile network targeting underserved regions where major carrier...
Coinbase Exchange and Coinbase Advanced shift WMTX-USD pair to limit-only mode
3 weeks ago
26
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