Coinbase adds BAT to pro trading platform

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On Friday 2nd November, Coinbase announced it was adding the Brave browser Basic Attention Token (BAT) to its professional trading platform. Acceptance of BAT deposits began at 20:00UTC and 12 hours after trading began. The company is not yet adding the token to its retail trading platforms, including coinbase.com or its iOS and Android apps.

The BAT launch on Coinbase follows the steps of previous tokens and happens 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 status.

Coinbase said: “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.”

Perhaps unsurprisingly, at the stroke of 20:00 UTC, BAT”s price leapt by 28% in less than five minutes to give the token a three month high of $0.33 cents, according to data from the Binance exchange. Furthermore, in that five-minute period, customers traded BAT valued at $15 million, which is significantly higher than the amount traded on the previous day.

BAT is the latest token to join the Coinbase professional trading platform: other recent additions include the Ox protocol token (ZRX) and USDC, the Coin stablecoin tied to the US dollar.

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