Japanese cryptocurrency exchange, Coincheck has announced that it will soon be offering support for BAT token holders.
On July 13, Monex Group announced that the virtual currency exchange will now make Brave’s Basic Attention Token (BAT) available for trading from July 21.
＼Basic Attention Token ( #BAT )の取扱い開始について／#Coincheck では、新たに #BasicAttentionToken の取扱いを7月21日に開始する予定であることをお知らせいたします🚀✨https://t.co/FNwhjnJSLR — Coincheck(コインチェック) (@coincheckjp) July 13, 2020
Monex Group is the owner of Coincheck, acquired during 2018.
BAT will be the 13th token investors that can buy, sell, or trade on the platform, followed by the introduction of Qtum (QTUM) in March.
BAT is a native token of crypto’s favorite privacy-based browser Brave, its users surged to more than 15 million during the pandemic.
Recently, Brave announced that its users In Japan can now earn Basic Attention Token Points (BAP) as a reward for displaying advertisements on the browser.
However, Japan’s existing regulations on virtual currencies prevents earning from BAT tokens or even trading their points for fiat.
Recent reports have also highlighted that BAT was the most used ERC-20 DeFi token from June 19 to July 2, generating a transaction volume of $931 million.
This is more than Ethereum (ETH) and Dai (DAI) combined. Japan-based cryptocurrency exchanges other than Coincheck, such as GMO Coin and BitFlyer too began offering support for BAT token holders.
Meanwhile, DeFi platform such as DMM Bitcoin will allow leveraged trading of the coin starting from July 22.
Source: Cointelegraph