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Coincheck Crypto Exchange supports trading in BAT tokens

July 14, 2020

The Japanese-based cryptocurrency exchange Coincheck will soon offer support for BAT token holders.

According to an announcement made by Monex Group on July 13, the owner of Coincheck since its acquisition in 2018, The virtual currency exchange will make Brave’s Basic Attention Token (BAT) available for trading from July 21.

BAT will be on the 13thuh Tokens that investors can buy, sell or trade on the platform after the launch of Qtum (QTUM) in March.

Brave reward system

Coincheck Crypto Exchange supports trading in BAT tokensCoincheck Crypto Exchange supports trading in BAT tokens

BAT is a native data protection-based browser token Brave, whose number of users has grown to over 15 million due to a pandemic.

Indeed, Brave users in Japan can collect BAP points (Basic Attention Token) as a reward for displaying advertisements in the browser. However, the existing regulations for virtual currencies in the country prevent them from earning BAT tokens or exchanging their points for fiat money.

The most commonly used DeFi token?

Despite rising compound prices (COMP), Cointelegraph reported that from June 19 through July 2, BAT was the most widely used ERC-20 token for decentralized finance (DeFi). The token generated a transaction volume of $ 931 million plus Ethereum (ETH) and Dai (DAI).

The Japanese-based GMO Coin and BitFlyer exchanges have been offering support for BVT token holders since the beginning of this year. The DeFi DMM Bitcoin platform will also enable leverage trading in the currency from July 22nd.