Less than a month after Coinbase listed 0x (ZRX), the San Francisco-based cryptocurrency exchange has announced that Basic Attention Token (BAT), the token associated with the privacy-focused Brave Browser, will become the 8th coin listed across its trading products.
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
According to the announcement, Coinbase Pro began accepting BAT deposits at 1:00 PM (PST). Once sufficient liquidity is reached, trading will commence on the company’s professional trading platform.
The initial trading pair will be BAT/USDC, which is the exchange’s new stablecoin that is being co-developed with competitor Circle. BAT trading will be accessible for users in most jurisdictions, but will not initially be available for residents of New York, notes Coinbase in the announcement.
Similar to other listings, it is currently unclear as to when BAT will come to the main retail trading app and site. However, it often takes around a week for Coinbase to make those moves.
Since the listing announcement, BAT has jumped roughly 23% to $0.311. BAT now has a $311 million market cap, making it the 30th largest coin in the AltDex 100 Cryptocurrency Index (ALT100).
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More: Basic Attention Token (BAT) is launching on Coinbase Pro
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Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.