Coinbase has flipped the CTR-USD trading pair into limit-only mode, meaning both Coinbase Exchange and Coinbase Advanced will only accept limit orders for the Citrea token paired against the US dollar. Market orders are off the table for now.
What limit-only mode actually means for traders
In limit-only mode, traders can place new limit orders, cancel existing ones, and have their orders matched against others in the book. What they cannot do is fire off a market order that executes instantly at the best available price.
This isn’t Coinbase improvising. The exchange has a well-documented playbook for bringing new tokens onto the platform. Deposits get enabled first, then the pair enters a limit-only or auction phase, and eventually, if everything checks out, full trading opens up with market orders included.
Other tokens have gone through the same process. NEX-USD and WRON-USD both underwent similar limit-only periods during their respective listing sequences, following the same controlled rollout pattern.
