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Basic Coin Token (BAT) spikes amidst Coinbase support launch

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Basic Coin Token
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Amidst the downtrend in the crypto-market lately, Coinbase, the biggest cryptocurrency exchange in the United States has decided to list Basic Coin Token (BAT) to its ‘Pro’ platform.

Coinbase decision to add BAT Tokens to Coinbase Pro will allow BAT/USD trades very soon but only when there is enough liquidity on the digital asset, but deposits are already available on the platform. Coinbase also announced that all the trading features concerning Basic Attention Token would be available in all areas, besides residents in New York. It is important to know that BAT Tokens are not available yet on the official Coinbase website, but we may see the listing before the year comes to an end.

Here is a full statement by the exchange:

After 1 pm PT on Friday, November 2, we will begin accepting inbound transfers of Basic Attention Token (BAT) to Coinbase Pro. We will accept deposits 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 as described here

The exchange continued saying,

“BAT trading will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York. Please also note that BAT is not yet available at Coinbase.com or in our iOS and Android apps. We will make a separate announcement when that occurs.”

Undoubtedly, Basic Coin Token (BAT) is a top-notch cryptocurrency from the newly-formed BRAVE – a web browser. It is also a cryptocurrency based on Ethereum’s protocol; during BAT’s ICO launch, it was recorded that the blockchain project collected more than $35 million in thirty seconds. Mind-boggling.

According to a post by Coinbase on its blog, BAT will be released in 4 stages: transfer only, post only, limit only, and full-trading. As the name suggests, the full-trading stage will offer limitless trading for traders and BAT investors, including stop-orders. Coinbase does not allow retail trading on its platform and iOS and Android applications.

The Surge in Basic Attention Token (BAT) Price

After the Coinbase statement concerning the BAT listing on Coinbase Pro, the value of Basic Attention Token rose from $0.26 to $0.345 in no time, recording an increase of more than 30 percent within 20 minutes on November 2nd.

At the time of writing, Basic Attention Token has settled at $0.32 price level. BAT looks to replicate Ox when it was featured on Coinbase Pro last month as the cryptocurrency has surged by more than 7 percent in the last 24 hours.

Nevertheless, lots of questions have been asked by traders on which cryptocurrency will be next to be listed. Notable cryptocurrencies with great prospects have been tipped to be listed very soon after Basic Attention Toen (BAT). It is necessary to know that cryptocurrencies such as Cardano (ADA) and Stellar (XLM) have been the most-talked-about to be listed on the platform shortly.

For real-time trade alerts and a daily breakdown of the crypto markets, sign up for Elite membership!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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