The privacy-centric web browser Brave has a new friend. The browser’s Basic Attention Token (BAT) is now being supported by the Coinbase cryptocurrency exchange on its Coinbase Pro platform. Coinbase made the announcement on its website last Friday, adding that the rollout will be conducted over four stages. Trading will be available to all customers, except to those in New York.
As it has done in the past, Coinbase first started allowing only transfers of BAT, which gives users the ability to make deposits. The second stage centers on posting limit orders and the third stage is limit-only, which allows users to start order matching. From there, the final stage is full trading of the digital currency. The company added, "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."
Coinbase further explained, “If at any point the BAT/USDC order book does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time, or suspend trading as per our Trading Rules. Any other BAT order books we launch will also go through the same stages.” USDC is the USD Coin, a stablecoin that has been introduced by Circle and Coinbase.
Following the announcement, and the subsequent introduction of BAT on the Coinbase Pro platform, the cryptocurrency’s price climbed 28% within five minutes. It reached a three-month high of $0.33 and more than $15 million was traded in the same five-minute span, according to the Binance Exchange. As of this writing, it has settled at $0.30.
The Brave web browser was designed to offer greater user protection and security than what is found on popular browsers such as Edge or Chrome. It also offers an ad-blocking feature and prevents web activity from being tracked. Brave also includes “Brave Rewards,” an internal platform that allows website viewers to reward the site through cryptocurrency.