-
The Top Trends In The Fintech Sector In 2021 - 29th December 2020
-
What You Need To Know When Trading Stablecoins - 19th December 2020
-
Things to Know Before Investing in Digital Currencies - 12th December 2020
-
How To Secure Your Bitcoin Wallet - 14th October 2020
-
What You Need To Know About Bitcoin - 14th October 2020
-
Why should you Choose A Hardware Bitcoin Wallet Over A Web Wallet? - 13th October 2020
-
With Halving Having Passed, Is Now The Time To Buy Bitcoin? - 12th October 2020
-
Augur Price Hits New One Year High After V2 Release - 10th August 2020
-
Press Release: Synergy of Serra – New Cargo Has Arrived! - 3rd August 2020
-
Grayscale to Offer Litecoin and Bitcoin Cash Trusts - 21st July 2020
Coinbase Exchange Listing Sends BAT Token Soaring into List of Top 30 Cryptos
Coinbase’s listing of BAT token yesterday has prompted an overnight rise of 16% in its total market valuation to just under $304 million dollars, and sees the cryptocurrency jump into the top 30 cryptos by market cap, having climbed seven places.
The news from Coinbase, published as a tweet yesterday afternoon, comes on the back of an earlier announcement made on Twitter – dating from July 13 – in which the US’ leading cryptocurrency exchange had announced its “exploration” of BAT as a base currency for trading pairs on its platform.
Yesterday’s news, however, indicates that BAT has been granted a listing only – and there is as yet no further news on its future integration as a platform base currency. However, yesterday’s development is read by most analysts as a positive move in that direction.
Overall, the development presents further, increased visibility for the BAT token project which has been designed to function as the Brave Browser’s native cryptocurrency and as such the world’s first browser crypto, in its larger objective to offer online publishers a new revenue stream in place of traditional advertising.
Stellar and Cardano Waiting for Listing
Stellar, whose own price has risen overnight by 5% may have been a direct beneficiary today of the BAT listing news, as it also appears on the original list of five tokens mentioned by the July 13 tweet. However, the other tokens on that list – Zcash, Cardano and 0x – appear not to have enjoyed the same effect.
Whilst there has been no further news on the integration of new base trading currencies since the July tweet, Coinbase did announce in late September – via its medium blog – that it was revising its listing process to allow for free listings for any digital asset that met with its specific compliancy requirements.