Coinbase Pro has announced that it has listed Basic Attention Token (BAT) onto its platform. On November 2, 2018, the company announced that it would be blending assistance for Basic Attention Token (BAT), an ERC-20 token that is devised to operate with the privacy-focused Brave Browser, on CoinbasePro.
The announcement further said that the exchange platform will take deposits for at least 12 hours prior to allow trading. Once adequate liquidity is settled, trading on the BAT/USDC order book will begin. Clients may transform their USD to USDC with one click within the Pro interface. BAT trading will be available for users in most jurisdictions, but will not originally be available for citizens of the state of New York.
The exchange platform tweeted
BAT is launching on Coinbase Pro! Starting at 1pm PT today, customers can transfer BAT into their Coinbase Pro account. Traders can deposit BAT, but cannot place or fill orders. Order books will remain in transfer-only mode for at least 12 hours. https://t.co/31wbi09uyx pic.twitter.com/2YC7xtOjuI
— Coinbase Pro (@CoinbasePro) November 2, 2018
Basic Attention Token (BAT) is an open-source, decentralized ad exchange platform based on Ethereum. The platform is integrated with the Brave web browser. According to its website, Basic Attention Token basically develops the performance of digital promotion by building a new token that can be exchanged between businessmen, dealers, and users. It all occurs on the Ethereum blockchain. The token can be utilized to accomplish a kind of promotion and attention-based services on the BAT platform. The benefit of the token is based on user awareness, which solely means a person’s focused mental engagement.
The announcement stated
Once sufficient liquidity is established, trading on the BAT/USDC order book will start. BAT trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York.
The announcement further explained that BAT is not still available at Coinbase.com or in iOS and Android apps. The exchange platform will make a separate declaration when that transpires.
Coinbase Pro And The Stages of the BAT Launch
There are four stages to the launch. If at any moment the BAT/USDC order book does not satisfy the exchange’s evaluation for a normal and regular market.
Transfer-only: This is the first stage. In this stage, customers are now authorized to transport BAT into their Coinbase Pro account. Clients are not yet able to set orders and no orders can be filled on these order books. Order books will be in a transfer-only mode for at least 12 hours.
Post-Only: In the second stage, consumers can set limit orders but there will be no matches or fulfilled progressions. Order books will be in a post-only mode for at least one minute. This exchange position has been reduced to build market health through launch.
Limit-only: In the third stage, limit orders will begin pairing but clients will not yet be authorized to offer market orders. Order books will be in a limit-only mode for at least ten minutes.
Full trading: In the final stage, full trading services such as limit, market, and stop orders will be accessible.
Just a few days ago, Coinbase Pro added new security and usability traits such as Address Book and Crypto Address Whitelisting. The new Address Book allows customers to save any number of addresses. This makes it simpler and reliable to transfer crypto to those addresses they recognize and trust.
The new Address Book also offers optional crypto Address Whitelisting. When a customer enables the feature and sends from the customer’s Coinbase Pro account will be limited to addresses already listed in their Address Book.
About Brave Browser
Brave is a free and open-source web browser created by Brave Software Inc. founded on the Chromium web browser and its Blink engine. The browser prevents ads and website trackers. In a future version of the browser, the company plans to borrow a pay-to-surf business model. It contains a ledger system that anonymously catches user attention to explicitly remunerate publishers.
Disclaimer: This information should not be interpreted as an endorsement of any cryptocurrency. It is not a recommendation to trade. The crypto market is full of surprises and overhyped assets. Do your research before buying anything. Do not invest more than you can afford to lose.