Coinbase announced in their blog that from today onwards it would support the Basic Attention Token (BAT). According to the Coinbase blog, the token will be active at coinbase.com, the Coinbase android, and iOS apps respectively.
Their customers can start buying, selling, sending, receiving or storing the BAT just like it is for the other crypto. Moreover, Coinbase supports a wide range of cryptocurrencies on its platform including
— Coinbase (@coinbase) November 8, 2018
Coinbase highlighted that the cryptocurrency BAT will be available for customers in most areas excluding residents of the State of New York. Coinbase claims that it’s customers regularly request them to lists more crypto assets on the platform.
The exchange formulated a new process for listing news assets last September. Coinbase further said it is investing in new tools to help people understand and explore cryptocurrency through their platform.
Some of the new functionalities on Coinbase include an informational asset page and a new section in the coinbase.com website dedicated to answering common questions about cryptocurrencies. Anyone who intends to buy BAT can now sign up on Coinbase at any time and proceed to trade the cryptocurrency.
The BAT Ecosystem
BAT is an Ethereum token that describes itself as the token of utility in a new, decentralize, open source and efficient blockchain digital advertising platform. It allows advertisers to pay publishers for serving ads and pay internet users for viewing them.
Basic attention token (BAT) is the native cryptocurrency of Brave, an open source web browser built to prevent tracking. Brave strives to promote decentralization as a means of breaking government centralized power control. BAT is a utility token developed for the platform and it derives its value from Brave browser user attention. Moreover, the developers of the project described brave as follows;
The Brave browser makes it the perfect tool to calculate and reward publishers with BATs. This service creates a transparent and efficient blockchain digital advertising market. Publishers receive more revenue as middlemen and fraud minimizes. Users, who opt-in, receive fewer, however, better target ads that are less prone to malware. Also, advertisers get better data on their spending.
The BAT cryptocurrency has a market cap of $319 million and is the 29th latest cryptocurrency in the world by volume. The cryptocurrency currently values at $0.29 on Coinbase and other major cryptocurrency exchanges across the work.