Coinbase Adds Support For Browser Startup Brave

| Publish date: 11/03/2018
Share

In the latest cryptocurrency news, Coinbase’s professional trading platform has decided to add support for browser startup Brave’s Basic Attention Token (BAT). The company recently announced that it would begin accepting BAT deposits to its professional trading platform for at least 12 hours, at which point it will enable trading.

Token Yet To Be Added

It is worth noting, however, that the company is not yet adding the token to its retail trading platforms, including coinbase.com or its iOS and Android apps. As with other launches, the token will be added in four stages: transfer-only, when customers can deposit, post-only, when customers can post limit orders, limit-only when customers can begin matching orders and full trading.

Changelly - Exchange cryptocurrency at the best rate

Customers in New York will not immediately be able to trade BAT. As part of the integration process, the company stated:

“Once sufficient liquidity is established, trading on the BAT/USDC order book will start. Users may convert their USD to USDC with one click within the Pro interface.”

Price Starts Moving

As can be seen in the official reports, BAT began to surge at around 20:00 UTC after the decision. Its price quickly jumped 28 percent in less than five minutes to reach a three month high of $0.33 cents. The data acquired is also relevant to the data from the Binance exchange.

Further, over $15 million worth of BAT was traded in that 5-minute span on Binance alone – an amount greater than the entire previous day. BAT is the latest token to be listed on the Coinbase platform, following the 0x Protocol token (ZRX) and the USD//Coin stablecoin (USDC), both of which were added last month. The exchange already supports bitcoin, bitcoin cash, litecoin, ethereum and ethereum classic.

Order Of Stages

BAT will initially trade against USD Coin (USDC), a stablecoin that Coinbase developed with Circle Ltd. and recently added to its platforms. The new offering is not available on Coinbase’s primary platform, and the company said it would make a separate announcement when this occurs.

The offering is being integrated on Coinbase Pro in the following order of stages: “Transfer-only,” “Post-only,” “Limit-only,” and finally a “Full trading” stage.

“If at any point the BAT/USDC order book does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time, or suspend trading as per our Trading Rules. Any other BAT order books we launch will also go through the same stages.”

Share

Related Posts

Samsung Adds Blockchain Tech To Its Enterprise...
Samsung is one of today’s tech giants that are…
Binance’s New Partnership Aimed At Compliance Drive
There is no doubt that Binance is one of…
Through the Looking Glass: The Potential of...
In the realm of blockchain innovation, two prominent players,…

Leave a Comment