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BAT Goes Live on Coinbase Consumer, falls 6%

Coinbase adds the second (third?) Token based on etereum

As reported by Ethereum World News last week, Coinbase Pro, the startup platform for professional traders based in San Francisco, revealed support for Basic Attention Token, the digital asset of choice for the crypto-friendly Brave Browser .

While the launch of the digital resource on Coinbase Pro was well received by many, with the BAT / USDC pair that opened its books on Thursday morning, it was not clear when the Brave Browser token would be available on Coinbase Consumer (Coinbase .com) or via the iOS and Android startup applications.

However, this changed Thursday afternoon, as the largest encryption exchange in America posted a tweet and blog post to reveal that BAT's support was on its consumer-centric platforms.

Beginning Thursday, Coinbase customers will be able to purchase, sell, send, receive and / or store BAT, along with other cryptographic resources supported by the platform: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, ZRX and USDC.

While BATs will apparently be available to Coinbase's "customers in most jurisdictions," the resource will not be accessible to New York State residents, despite the fact that the launch received a green light from the regulator. of the region's primary market for cryptocurrency custody.

At the end of the announcement, the $ 8 billion upstart reaffirmed its objective of "accelerating asset addition" in the near future, as well as ensuring that encrypted investors are educated on this sector, despite the birth and size related to the legacy markets.

Coinbase's move to add BAT arrives a few weeks after the company unveiled support for ZRX, the ecosystem's native asset 0x and USDC, an emerging stablecoin supported by Coinbase and Boston, with headquartered in Goldman Sachs Circle, a nascent fintech startup.

BAT loses 6%, discharge at 30 cents

The appearance of BAT on Coinbase Pro saw the resource see a monumental climb, with the ERC20 token moving from $ 0.25 to $ 0.36 in a matter of four days after the original announcement. This move translates into a 40% gain, which evidently was a breath of fresh air in the dismal crypts market.

However, in direct contradiction with the so-called "Coinbase effect", the BAT fell (and fell) on the news that was finally added to Coinbase Consumer. More specifically, the resource underwent a 10% cut on one point, underperforming the BTC and the ETH by more than 6-7%.

Although the BAT has recovered since then, returning to $ 0.314 when the cryptography market has undergone a short-term reversal, the popular altcoin is still down 6% in the last 24 hours.

Following the interesting transaction on BAT prices, CryptoGainz, a Twitter-encrypted commentator, noted that "based on this brutal landfill, I think it's fair to conclude that [ZCash] ZEC will unironically unload on zero [its] Coinbase List. "

Even if his commentary was probably expressed as a joke, Gainz's comment on the "anti-Coinbase" effect and future listings on the platform could be credible. But for now, while many await the next announcement of Coinbase, there may be some time for investors to sit in their own way, so to speak.

Title Image courtesy of Photo-Nic.co.uk nic on Unsplash

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