US-based crypto exchange Coinbase is set to launch support for Basic Attention Token (BAT), decentralized ad exchange platform based on Ethereum, on its Coinbase Pro platform. It has started accepting inbound transfers of BAT to Coinbase Pro from Friday afternoon.
Coinbase said it will accept deposits for at least 12 hours prior to enabling trading, and trading on the BAT/USDC Stablecoin order book will start once sufficient liquidity is established.
BAT trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York. However, BAT is not yet available at Coinbase.com or in the iOS and Android apps.
Coinbase Pro already supports Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and 0x (ZRX), which was added in mid-October as the first ERC-20 token available for trade on the platform. BAT will be the second ERC-20 token to be added to the platform for trading.
In mid-July, Coinbase had said it was planning to work with local banks and regulators to explore the possibility of adding five more new crypto assets in as many jurisdictions as possible. It was looking to add Cardano (ADA), BAT, Stellar Lumens (XLM), Zcash (ZEC), and ZRX.
Coinbase Pro has already BAT and ZRX from this list. It also added support for USDC Stablecoin in late October. Coinbase announced in September a faster process for listing new crypto-assets that meet its standards and are compliant with local law.
Coinbase rebranded its crytpo exchange to Coinbase Pro from GDAX on June 29 in order to cater towards institutional and professional investors. It offers professional trading tools and services, delivered through a completely re-engineered user interface.
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