The big news comes from the Coinbase Pro platform, which officially announced that they will be now enabling the Basic Attention Token (BAT) in their services and the token deposits are now being accepted. The BAT token, backed by Ethereum, will begin the trading services as soon as the market begins formulating for the same.
The announcement noted, “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.”
According to the official announcement note, the beginning trading won’t be allotted to the residents of New York as of now, pertaining to regulatory concerns. However, the Coinbase.com does not allow the purchase of token currently; as a result, the users will have to bring their own BAT to the platform.
It is noticeable that big news as such can only describe a significant growth in the token and it was seen when the price of BAT increased after the listing on Coinbase Pro. Affiliating with the platform of Coinbase almost guarantees a market price chart with rate significantly following north.
Yesterday, the BAT price was 25 cents, and after the reports, it has reached 30 cents. If the graph pattern follows along, there might be a chance that BAT crosses its all-time-high of 60 cents within a short time.
The news followed the high awareness ratios and entering the beta devices which prompted the listing on Coinbase platform. The initiative was credited to Brave browser project which rewards their users for enabling advertisements in the browser. It allows the BAT tokens to be assigned a value which benefits both the sides of media – content provider and the viewer.
Previously the Brave platform also enabled the tokens on Youtube videos which helped immensely in exercising curiosity and hype from the viewers. It was after such initiative ideas that helped the token to get its place among the listing because of increasing familiarity with the masses.
It might be hard to guess the exact number of users that are using the browser because the market share reports don’t advertise the information to the people. But considering that Chrome supports it and it already has about millions of active users, it is safe to assume that as the market share grows, so will the utility of BAT and then it is only a matter of time before the demand for the same goes up too.