In line with a recent official blog post published, Coinbase exchange has revealed itssupport for Basic Attention Token [BAT] on its CoinbaseProplatform,howeverit’llenable tradingon the BAT/USD pair order bookonly ifampleliquidity is established. Coinbase notes that BATcommerceareobtainablein most jurisdictions,apart fromresidents of the stateof the state New York.
BATisn’tpresentlyobtainableon the exchange’s platform Coinbase.com and in its iOS along with the android applications.
According to the post, the Basic Attention Token [BAT]commercewouldundergofour stages,that would include“transfer-only,”in whichuserswould be able totransfer BAT into CoinbaseProaccounts, “post-only,”which wouldaltercustomers to post limit orders.The remaining2stagesembrace“limit-only,”in whichlimit orderswould beginmatching,and therefore the final stage“fulltrading,”that would offer full access totradingservices, limit, market along with stop orders.
Following Coinbase announcement, the price of Basic Attention Token [BAT] surged byover20%on the day, reaching $0.315 USD. The altcoin’scapitalizationis around $305 Mln,whereasits dailycommerce volume isover$42 Mln. However at the time of reporting BAT token is currently trading at a price of around $0.296 USD which is 13.57% higher than yesterday.
Basic Attention Token [BAT] is a Ethereum-based token integrated with the blockchain-powered privacy-focusednet browser‘Brave’. Durings the ICO for Basic Attention Token [BAT], Brave was successfully able to raise around $35 Mln in justthirtyseconds.
Earlier in October, Coinbase also launchedtradingfor 0x [ZRX],creatingitthe firstERC-20 tokenobtainablefor trade on its platform.Within thesame month, the exchangeadditionallylaunchedthe primaryUSD stablecoin ‘USDC’ on the platform, in partnership with blockchain-powered payments technology company Circle.