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Coinbase Users Can Now Buy and Sell Brave's Basic Attention Token
Coinbase is listing Brave's Basic Attention Token to its retail platform, 6 days after adding it to Coinbase Pro.
Crypto exchange Coinbase is adding web browser Brave's Basic Attention Token (BAT) to its retail trading platform, less than a week after listing it on Coinbase Pro.
The exchange announced Thursday that customers would be able to buy, sell, trade or otherwise transact with the token on coinbase.com, as well as its Android and iOS apps. Coinbase first said it was supporting the token on its professional trader platform Friday, making BAT the second ERC-20 token to be listed by the company, after 0x.
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That being said, not all customers can trade the token at press time. The exchange noted that "BAT will be available for customers in most jurisdictions, but will not initially be available for residents of the state of New York."
Coinbase Pro customers in the Empire State are similarly unable to trade BAT just yet.
The price of BAT saw an immediate reaction from the market upon official word of its listing on Coinbase, including a 5 percent jump in price in just a few minutes to reach $0.39, its highest price since July 24th.
The spike was backed by $15 million of volume in a 15-minute span on the Binance exchange alone. Profit-taking quickly ensued after the initial boost and the current trading hour is recording a loss of 8 percent from the initial high.
Coinbase image via Shutterstock
Nikhilesh De
Nikhilesh De is CoinDesk's managing editor for global policy and regulation, covering regulators, lawmakers and institutions. When he's not reporting on digital assets and policy, he can be found admiring Amtrak or building LEGO trains. He owns < $50 in BTC and < $20 in ETH. He was named the Association of Cryptocurrency Journalists and Researchers' Journalist of the Year in 2020.
Sam Ouimet
Junior markets editor for CoinDesk, the global leader in blockchain news. Disclosure: I currently own BTC, LTC, ETH, ZEC, AION, MANA, REQ, AST, ZIL, OMG, 1st, and AMP.
