Coinbase Lists Basic Attention Token (BAT) With a Complete Crypto Rollout
Cryptocurrency exchange Coinbases says it just listed Basic Attention Token (BAT) at Coinbase.com and in the Coinbase Android and iOS apps.
Coinbase customers can now buy, sell, send, receive or store BAT, along with Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, ZRX and USDC.
On July 13, Coinbase first announced that it was exploring the listing of BAT along with Cardano, Stellar Lumens, Zcash, and ZRX. Of the five coins noted, only two, BAT and ZRX, have been listed, despite Coinbase’s efforts to onboard new coins more quickly.
Coinbase revealed their new listing policy in September.
Our goal is to rapidly list all assets that meet our standards and are compliant with local law, while providing our customers with the tools to discover, evaluate, trade, and use digital assets.
Since the announcement it has added a total of three coins: ZRX, USDC and BAT.
— Coinbase (@coinbase) November 8, 2018
BAT is the native cryptocurrency of Brave, an open-source web browser that prevents tracking and promotes decentralization as a means of breaking corporate controls and centralized power. As a utility token, BAT derives its value from user attention.
According to the developers, the integration works as follows.
“The Brave browser knows where users spend their time, making it the perfect tool to calculate and reward publishers with BATs. This service creates a transparent and efficient blockchain-based digital advertising market. Publishers receive more revenue because middlemen and fraud are reduced. Users, who opt in, receive fewer but better targeted ads that are less prone to malware. And advertisers get better data on their spending.”
BAT is the eighth digital asset to be listed on Coinbase. With a market cap of $319 million, it is the 29th largest cryptocurrency.
Available for Coinbase customers in most jurisdictions, BAT will initially be excluded from residents of the state of New York.
On November 2, Coinbase listed BAT on its Coinbase Pro exchange for crypto traders, supporting BAT/USDC trades. USDC is the new stablecoin from Goldman Sachs-backed Circle. Coinbase allows users to convert US dollars to USDC, injecting liquidity into the market while also reducing dependence on Bitcoin and stablecoin Tether.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.