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Coinbase Launches Support For Basic Attention Token

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According to the cointelegraph, Coinbase, the leading cryptocurrency exchange in the United States, has announced an acceptance of the basic attention token (BAT) transfer to Coinbase Pro.

Coinbase adds support for BAT tags on its Coinbase Pro platform, and can only trade on BAT/USD orders when sufficient liquidity is established. Coinbase noted that in addition to New York State residents, most jurisdictions will provide British American Tobacco transactions.

Currently, BAT is not available on the trading platform Coinbase.com and its iOS and Android apps.

According to this article, BAT transactions will go through four phases, including “transfer only”, users will be able to transfer BAT to Coinbase Pro account, “transfer only”, which will enable customers to issue limit orders.

 The other two phases include “restrictions”, where limit orders begin to match, and the final phase “completely traded”, providing full access to trading services, including limit orders, markets, and stop-loss orders.

CoinMarketCap said that according to Coinbase’s announcement, British American Tobacco prices soared more than 20% to $0.315. The market value of the altcoin is about $305 million, and its daily trading volume is more than $42 million.

BAT is a token based on Ethereum, integrated with blockchain-driven privacy-focused Web browser Brave. During the initial coin issuance (ICO) for a BAT, Brave raised $35 million in 30 seconds.

In October, Coinbase launched a 0x (ZRX) transaction, making it the first ERC-20 token available for trading on the platform. In the same month, the exchange also cooperated with Circle Chain Support Technology Company Circle to launch the first US stable currency on the platform USDC.

Also Read  Goldman Sachs suspends the secret behind the cryptocurrency trading platform plan
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