coinspectator - 11/9/2018 4:27:14 AM - GMT (+0 )
While BAT will apparently be available for Coinbase's "customers in most jurisdictions," the asset will not be accessible for New York State residents, in spite of the fact that the startup recently received a green light from the region's primary market regulator in regards to cryptocurrency custody. Closing the announcement, the $8 billion upstart restated its goal to "accelerate asset addition" in the near future, along with ensuring that crypto investors are educated about this industry, even in spite of its nascency and relative size to legacy markets. Coinbase's move to add BAT comes just weeks after the firm unveiled support for ZRX, the 0x ecosystem's native asset, and USDC, an up and coming stablecoin backed by both Coinbase and Boston-based, Goldman Sachs-endorsed Circle, a budding fintech startup.
BAT Loses 6%, Dumps To 30 Cents BAT's appearance on Coinbase Pro saw the asset see a monumental run-up, with the ERC20 token moving from $0.25 to $0.36 in a matter of the four days following the original announcement. However, in direct contradiction to the so-called "Coinbase Effect," BAT fell (and fell hard) on the news that it was finally added to Coinbase Consumer. Following BAT's interesting bout of price action, CryptoGainz, a crypto commentator on Twitter, noted that "based on this brutal dump, I think it's fair to conclude that [ZCash] ZEC will unironically dump to zero on [its] Coinbase listing." Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full