Crypto exchange Coinbase is adding web browser Brave's Basic Attention Token to its retail trading platform, less than a week after listing it on Coinbase Pro.
The exchange announced Thursday that customers would be able to buy, sell, trade or otherwise transact with the token on coinbase.com, as well as its Android and iOS apps.
Coinbase first said it was supporting the token on its professional trader platform Friday, making BAT the second ERC-20 token to be listed by the company, after 0x. That being said, not all customers can trade the token at press time.
The exchange noted that "BAT will be available for customers in most jurisdictions, but will not initially be available for residents of the state of New York.".
Coinbase Pro customers in the Empire State are similarly unable to trade BAT just yet.
The price of BAT saw an immediate reaction from the market upon official word of its listing on Coinbase, including a 5 percent jump in price in just a few minutes to reach $0.39, its highest price since July 24th. The spike was backed by $15 million of volume in a 15-minute span on the Binance exchange alone.
Profit-taking quickly ensued after the initial boost and the current trading hour is recording a loss of 8 percent from the initial high.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.
Coinbase Users Can Now Buy and Sell Brave's Basic Attention Token
Published on Nov 8, 2018
by Coindesk | Published on Coinage
Mentioned in this article
How to Put Crypto In Everyone's Pocket in 2019
As blockchain businesses, we can make our consumer tools free, making cryptocurrency more accessible.
Wyoming Introduces a Bill Aiming to Define Virtual Currencies as Money
A bill meant to clarify the classification of cryptocurrencies has been introduced in the U.S. state of Wyoming Jan. 18, according to the official state legislature website.
CoinDesk's Crypto-Economic Data Is Now Accessible on GitHub
For more data and insights, visit the CoinDesk Crypto-Economics Explorer.
Total Value of Bitcoin Sent to Darknet Markets Increased by 70% in 2018: Report
During last year the value of Bitcoin sent to darknet markets increased by 70 percent, according to a Chainalysis report published on Jan. 18.