Coinbase has just announced that trading of the Basic Attention Token is soon to be enabled on the Coinbase Pro platform, and deposits of the token are now being accepted. Trading in the token — which runs on Ethereum — will actually begin after a market begins to formulate.
Trading is apparently not going to be allowed to residents of New York, likely due to regulatory concerns. Users will have to bring their own BAT, as purchase of the token is not currently available on the regular Coinbase.com.
The price of BAT was around 25 cents as of yesterday, but on today’s news, it has gone up by a nickel. It is not difficult to speculate that the increased exposure through the Coinbase Pro platform will continue this incline and that BAT could see new highs beyond its all-time-high of more than 60 cents per token.