On Tuesday, April 20, 2021, Coinbase Pro will be adding support for new order books for several major digital assets including the Basic Attention Token (BAT), Cardano (ADA), Decentraland (MANA) and USDC (USDC).
As noted in a blog post by the digital assets firm, the new pairs will be as follows: BAT-USD, BAT-BTC, BAT-EUR, ADA-ETH, ADA-USDC, MANA-USD, MANA-BTC, MANA-EUR, MANA-ETH, USDC-EUR and USDC-GBP.
Coinbase noted that if at “any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book(s) in one state for a longer period of time or suspend trading as per our Trading Rules.”
The Coinbase team also mentioned that they’ll be publishing (as always) updates from their official Coinbase Pro Twitter account “as each order book moves through the phases.”
Here’s some basic information and the latest updates for the coins mentioned above:
Basic Attention Token (BAT)
The devopers of BAT note that it’s crypto-asset for “the new Internet economy.” They pointed out that the $330 billion digital advertising industry is “failing users, publishers and advertisers.” The Basic Attention Token aims to solve the “endemic inefficiencies and privacy violations hobbling the digital ad industry.”
BAT has seen “stunning” results since its integration into the Brave browser’s global private ad platform: 25.4 million monthly active users, 9.2 million daily active users, 1 million verified creators accepting BAT, “millions of wallets created, thousands of ad campaigns with leading brands, and growing utility in the most innovative names in blockchain gaming,” according to the Basic Attention Token website. The results “make BAT one of the most, if not the most, successful alt–coin projects to date.”
Cardano (ADA) is a major blockchain platform for developing decentralized applications or dApps. As covered recently, the Cardano smart contracts update will allow blockchain develoeprs to work with auctions, collectibles, and address various crowdfunding use-cases.
As stated on its website, with Decentraland, you can “determine the future of the virtual world.” It’s the :first fully decentralized world” and it is “controlled via the DAO (distributed automated organization), which owns the most important smart contracts and assets of Decentraland. ” Via the DAO, “you decide and vote on how the world works.”
USD Coin or USDC is one of the largest stablecoins in the crypto space in terms of market cap. The Centre Consortium, an entity established by global Fintech firm Circle and Coinbase, reported recently that the first quarter of this year has been one of “explosive growth” for Centre and for the USDC stablecoin, which is the world’s “most trusted” stablecoin (according to Centre Consortium). USDC surpassed $11 billion in market cap as of March 30, 2021. As covered recently, Circle says Signature Bank will be holding billions of dollars in USD Coin reserve deposits