Coinbase changed its policy towards listing new coins, as CryptoFrog reported last month. The giant exchange announced it will accept five new coins, Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), 0x (ZRX). On 2 November, the company stated on their blog that from now on, users can purchase BAT on Coinbase Pro. This does not include Coinbase itself, however, nor residents of the state of New York.
Deposits should be made 12 hours before trading. If there is a sufficient volume of BATs, the statement reads, Coinbase Pro will launch also trading of BAT/ USDC pair. USDC is, CryptoFrog informed last week, new stable coin developed by Coinbase and Circle. It is pegged to the U.S. dollar in 1:1 ratio.
After the announcement, only for a few hours, BAT’s price jumped with about 30%. As seen on the chart, BAT surged for quite a limited time.
This is not the first time BAT increases for a short time. After the new Brave browser was announced, BAT surged again. In fact, the altcoin is moving very promising lately. Even as of today, Monday 5th of November, the token keeps the price of over %3.00 USD and the substantial market capitalization of $314 million. Let us just remind you, that BAT is not exactly a cryptocurrency but a token representing new digital advertisement options. It lets publishers pay quickly online and it is focused on attention-based services.