Crypto exchange Coinbase pro now supports trading with the ChainLink token. Traders can now use the token LINK to trade with the US Dollar and Ether. LINK is basically used for payments in Ethereum smart contracts. This move was announced over an official blog post.

The token will be available everywhere in the US except for New York. Later on, other regions may join the list of states where the token will be available. The exchange will launch the implementation in four phases. these are 1) Transfer Only, 2) Post Only, 3) Limit Only and 4) full trading. The updates regarding the phases will be available from official tweet updates.

Starting from 26th June customers will be able to transfer LINK into their respective Coinbase Pro account. Then in the second phase, they can post limit orders. Again in the third phase, the limit orders will start matching. Order books will be in the limited mode for ten minutes only. In the fourth phase, trading will begin in full scale.

Recently, Coinbase was in the highlight when it announced its crypto debit card launch in six European countries. Last month, Coinbase also announced support for crypto token EOS.