Digital asset exchange Gemini, which was founded in 2014 by the famous Winklevoss twins, announced on Monday (April 6) that it will soon be adding support for the trading of Basic Attention Token (BAT).
In a blog post published earlier today, Gemini said it will be allowing of BAT deposits into Gemini accounts starting at 09:30 Easter Time (or 13:30 UTC) on 24 April 2020, and mentioned that trading would “follow soon thereafter.”
Here is how Gemini describes BAT:
“Basic Attention Token is the native currency token of the Brave Browser, which is built to provide a more efficient and effective mechanism for connecting and rewarding users, advertisers, and publishers.
“Brave blocks unsolicited ads and tracking by default and rewards users with BAT payments when they opt-in to view ads.
“Users can then directly or indirectly contribute BAT to the sites they visit while enjoying a faster, more secure browsing experience, all of which is accomplished without revealing a user’s browsing history or preferences.
This is the first time that Gemini is adding support for a new digital asset since December 2018 (when it listed Bitcoin Cash), and this move by Gemini will bring the total number of cryptoassets it supports to six (the others are Btcoin, Ether, Bitcoin Cash, Litecoin, and Zcash).
Gemini pointed out that “BAT deposits to existing Gemini Ethereum addresses are not supported”, and that instead, in order to deposit BAT, “you must first create a new Ethereum deposit address by logging into Gemini and going to the Transfer page.”