In a recent announcement the major cryptocurrency exchange platform of US, Coinbase has added support for Basic Attention Token(BAT) to its platform. The official blog post added that this inbound transfer is now available only for the pro account holders.
The Basic Attention Token(BAT) is essentially an Ethereum-based token integrated with the blockchain-powered privacy-focused web browser Brave. Through its Initial Coin Offering (ICO), Brave has managed to raise $35 million in 30 seconds.
Also, the official tweet from the Coinbase made few points very clear, that traders can only deposit BAT into their trading accounts, but cannot place or fill orders. Order books will remain in a transfer-only mode for at least 12 hours which by now should be available for booking.
BAT is launching on Coinbase Pro! Starting at 1pm PT today, customers can transfer BAT into their Coinbase Pro account. Traders can deposit BAT, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/31wbi09uyx pic.twitter.com/2YC7xtOjuI
— Coinbase Pro (@CoinbasePro) November 2, 2018
However, the company stated that BAT is still not available on coinbase.com, Android app, and iOS app. As of now, BAT trading will be accessible for users in most jurisdictions. But initially will not be available for residents of the state of New York.
Launch Lifecycle for BAT
As explained in the blog post, BAT trading will undergo different stages. Namely “transfer-only,” where users will be able to transfer BAT into Coinbase Pro accounts. “post-only,” which will enable customers to post limit orders. The other two stages include “limit-only,” where limit orders start matching, and the final stage “full trading,” which gives full access to trading services, including limit, market, and stop orders.
Surprisingly, with this announcement BAT price witnessed a 20% increase on that day, reaching $0.315, according to CoinMarketCap.
Well, what are your thoughts on Coinbase Pro listing BAT? Which is the next token? Let us know in the comment section below.
Join the newsletter to receive the latest updates in your inbox.