A couple of days back, Coinbase began supporting Cosmos (ATOM) at Coinbase.com, along with iOS apps and Coinbase Android. Now the company’s UK customers will be able to enjoy thorough support for ATOM. The company’s customers will be allowed to purchase, sell, and trade an increased number of assets via a GBP wallet, backed by a GBP bank account or credit and debit card.
Cosmos ($ATOM) is now available to Coinbase customers in the UK at https://t.co/bCG11KMQ6s and in the Coinbase iOS and Android apps. UK residents can log in to buy, sell, convert, send, receive, or store $ATOM https://t.co/hyaQZ8GiWW
— Coinbase (@coinbase) February 11, 2020
Coinbase came into existence in the year 2012. It has carved its reputation as a leading digital currency wallet and platform. It allows traders and customers to transact with the latest digital currencies such as Bitcoin, Ethereum, and Litecoin. The company is headquartered in San Francisco, California.
Cosmos can be described as an interoperable blockchain protocol that allows the transfer of data between the prevailing chains. It functions through a hub-and-spoke model that can influence the design fundamentals of several other chains to permit cross-chain interaction.
It is worth noting that the Cosmos structure highlights a Byzantine Fault-Tolerant (BFT) consensus algorithm that was created by Tendermint for obtaining the protocol.
Coinbase claims that as it begins supporting a large number of assets, it will help in bringing the company closer to its long-lasting objective. The move will introduce more economic liberty, innovation, and equality for all everywhere.
Earlier, Coinbase said that the common requests that it heard from customers were the capacity to purchase and sell an increased number of cryptocurrencies on Coinbase. Coinbase is also investing in the latest tools to allow people to comprehend and discover cryptocurrencies.