Coinbase declared that it would start accepting BAT deposits as of 20:00 UTC to its professional trading platform for at least 12 hours, at which point it will allow trading. The company isn’t adding the token to its retail trading platforms, including coinbase.com or its Android and iOS apps.
Likewise, with other launches the token will be added in 4 stages: transfer only, when users can deposit, post only when users can post limit orders, limit-only when users can start matching orders and full trading.
Users in New York will not instantly be able to trade BAT.
As part of the integration process, the company said:
“Once adequate liquidity is established, trading on the BAT/USDC order book will begin. Customers may convert their USD to USDC with one click within the Pro interface.”
As per data from Binance Exchange, BAT start to rise at 20:00 UTC on the dot. It’s price rapidly jumped 28% in less than five minutes to reach a three month high of $0.33 cents.
Further, over $15 million worth of BAT was traded in the 5-minute span on Binance alone – an amount higher than the entire previous day.
BAT is the latest token to be listed on the Coinbase platform, following the 0x Protocol token (ZRX) and the USD//Coin stablecoin (USDC), both of which were added a month ago.