The Gemini exchange is ready to introduce support for Basic Attention Token (BAT). From Friday, April 24th at 9.30 AM ET (Eastern Time), the exchange of the Winklevoss brothers will enable trading for Brave Browser’s native token.
The first stage will be the introduction of the ability to deposit BAT on Gemini accounts. But the first thing to do is to create a new Ethereum deposit within the Gemini account and go to the Transfer page. In fact, it won’t be possible to deposit BAT on already existing Ethereum addresses.
The possibility of trading will follow shortly. Basic Attention Token will be paired with USD, BTC and ETH. BAT becomes the sixth cryptocurrency to be listed on the platform, along with Bitcoin, Ethereum, Bitcoin Cash, Litecoin and ZCash.
This novelty could lead to increased adoption of BAT and the Brave browser. The exchange of the Winklevoss brothers aims to reward the activity of Brave and its token, which was created to reward users who agree to view advertisements. All other ads are blocked by default and the browser does not reveal the user’s browsing history or preferences to advertisers.
The Gemini blog explains:
“At Gemini we’re always looking to support products and services that enhance the crypto ecosystem”.
BAT grows in value
For BAT, this news adds to a series of positive news that contributed to an increase in price. Just today Basic Attention Token recorded a rise of almost 10%, driven also by a positive crypto market. Currently is traded at 0.16 dollars, although still far from the highs of February 12 when it reached 0.32 cents.
The mid-March sinking had brought the price to 11 cents, then the news of Brave’s partnership with Binance had raised the prices.