Following Coinbase addition, Circle Invest welcomes Basic Attention Token (BAT)
Circle, the crypto finance company that facilitates purchasing cryptocurrencies, recently announced via a Medium blog post that it has added Basic Attention Token [BAT] to its ranks.
BAT will now be the 12th token on the platform and will increase its market portfolio, providing a tremendous impetus for its “Buy the Market” feature.
The crypto was selected by Circle due to its “meaningful innovation to the broader crypto ecosystem”. The company stated that the selection of the token was done based on its standardized Circle Asset Framework. The framework looks at infrastructure, global exchange value, traditional vs. non-traditional approach, investor participation, autonomy and the peer-to-peer networks employed.
BAT has been riding a bullish wave last week, as Circle’s announcement came after Coinbase, one of the world’s largest crypto exchanges, had announced that it will accept inbound transfers of BAT on Coinbase Pro.
The announcement came into effect at the start of the month, pushing the digital asset’s market cap to its highest point since mid-May. BAT’s total market value soared to $372 million late last week, before beginning to dip.
BAT’s primary focus is to disrupt the traditional advertising industry. Recently, it introduced the Brave Browser, which monitors users’ web activity anonymously and pays publishers in BAT as they use content. The browser, in return, blocks any third party ads and trackers. Brave is looking to allow advertisers to pay users in BAT when their ads are viewed.
According to CoinMarketCap, BAT has fallen 5% in the past 24 hours and is currently valued at $0.251, with a market cap of $250 million.
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Author: Aakash Athawasya