Basic Attention Token (BAT) Surges Over 19% After Getting Listed on Coinbase Pro

On Friday (2 November 2018), crypto exchange Coinbase announced that its trading platform for professional/experienced traders, Coinbase Pro (pro.coinbase.com), had added support for cryptoasset Basic Attention Token (BAT).

The post on Coinbase's blog explained that:

  • After 1pm PT (i.e. 20:00 UTC) on November 2nd, Coinbase will be accepting BAT deposits at Coinbase Pro. 
  • This will continue for "at least 12 hours prior to enabling trading." 
  • "Once sufficient liquidity is established, trading on the BAT/USDC order book will start."
  • "Users may convert their USD to USDC with one click within the Pro interface."
  • Initially, BAT trading will not be available to residents of New York state.
  • BAT will become available on Coinbase Consumer (Coinbase.com) and on the Coinbase mobile app (for iOS and Android) at a future date.

As when 0x (ZRX) was added to Coinbase Pro, there will be a four stage launch:

  • Transfer-only (customers can only transfer BAT into their Coinbase Pro account): started at 1pm Pacific Time on November 2nd.
  • Post-only (customers can "post limit orders but there will be no matches or completed orders").
  • Limit-only (" limit orders will start matching but customers will not yet be able to submit market orders")
  • Full trading (in this final stage, all trading services are available).

It seems that Coinbase Pro is only offering (at least, for now) only one trading pair -- BAT/USDC -- as can be seen from the screenshot below (no pricing data is shown for BAT since, at press time, we are still at stage one, the "transfer-only" stage, of the launch process):

BAT Screenshot.png

At press time, according to data from CryptoCompare, BAT, only the second ERC-20 token to get added to Coinbase Pro, is trading at $0.3060, up 19.11% in the past 24-hour period. This is the one-day chart for BAT:

BAT One Day Chart - 2 Nov 2018.png

 

Featured Image Courtesy of Coinbase

Crypto Exchange Update: Binance, Bitfinex, Bitstamp, Huobi Global, and Poloniex

Siamak Masnavi

The "Crypto Exchange Update" covers the latest news from Binance, Bitfinex, Bitstamp, Huobi Global, and Poloniex for the week 14 October 2019 to 20 October 2019.

Binance

  • October 14: Binance announced that it would be launching the phase 9 of Binance Lending Products at 12:00 UTC on 16 October 2019. This is when 14-day fixed term lending products for BNB, BTC, BUSD, ETH, MATIC, and USDT became available.
  • October 15:
    • Binance.US listed Dash (DASH).
    • Binance and swiss firm Amun AG jointly announced the launch of a BNB Exchange-Traded Product (ETP) on the regulated segment of the SIX Swiss Exchange.
    • Binance announced support for the staking of Harmony (ONE) tokens on Binance starting on 16 October 2019.
    • Binance introduced the Binance Academy mobile app (available for both iOS and Android).
  • October 16: Binance announced that the next token to go on sale on its IEO platform Binance Launchpad would be Kava (KAVA).
  • October 17:
    • Binance.US listed Algorand (ALGO) and Zcash (ZEC).
    • Binance announced that it had completed the 9th quarterly BNB coin burn (2,061,888 BNB, worth roughly $36.7 million, was burnt).
  • October 18:
    • Binance Futures increased maximum leverage from 20x to 125x for BTC/USDT contracts. 
    • Binance.US said that from 18 October 18 2019, "USD deposits are eligible for FDIC insurance coverage."

Bitfinex

On October 17, Bitfinex announced the launch of the Bitfinex Affiliate Program. Bitfinex customers who join this program and become affiliates can potentially earn "unlimited commission" by sharing invite links across their social media channels.

Bitstamp

On October 15, Bitstamp, Europe's largest crypto exchange by trading volume, announced that it is integrating Ledger Vault’s technology to "enable advanced custody options." Bitstamp and Ledger's joint press release said that Ledger Vault Ledger Vault "will provide flexible wallet tech infrastructure that will allow Bitstamp to set up a sophisticated and very secure custody system with end-to-end hardware backed transfers and a strong multi-authorization governance model, ensuring there are no single points of failure and allowing better management of assets in storage."

Huobi Global

On October 15, Huobi Global said that it had "completed the repurchase and burn of HT for Q3 2019 (a total of 11.3321 million HT, approximately equivalent to 40.6369 million USDT), of which, 8.3389 million HT was directly repurchased from the secondary market, with 2.9932 million HT derived from HT fee income."

Then, on October 18, Huobi announced that it planned to launch a fiat gateway in Turkey that will allow local investors/traders to buy Tether (USDT) with the local currency (the Turkish Lira) via their bank accounts. Then, they can trade USDT against any of the 250 cryptoassets supported by Huobi Global.

Poloniex

On October 18, Poloniex announced that it was being spun out from its parent, FinTech startup Circle, into a new company, Polo Digital Assets, Ltd., "with the backing of a major investment group" so that it would be free "to focus on the needs of global crypto traders with new features, assets and services."

Unfortunately, there was some bad news for Poloniex's U.S. customers since Polo Digital Assets won't be supporting them, which means that (i) U.S. persons will not be allowed to create accounts on Poloniex; and (ii) from 1 November 2019, U.S. customers won't be able to do any more trading on Poloniex, though they can make withdrawals via Circle until 5 December 2019.

 

Featured Image Credit: Photo via Pixabay.com