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Crypto Exchange Coincheck Rolled Out Facilitating Feature for BAT Tokens

By Chris Torres | July 14, 2020
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Crypto exchange platform from Japan Coincheck will reportedly roll out facilitating features for BAT token holders.

Specifically, the Monex Group – the entity behind Coincheck following the acquisition of the platform 2 years ago – reportedly announced that the Brave’s Basic Attention Token (BAT) will be available across the platform, beginning July 21st. 

BAT will reportedly be 13th on the list of tokens eligible for purchasing, selling or trading activities across the platform, after Qtum (QTUM) was released in March this year. 

BAT is a native token developed by the privacy-focused browser Brave, with the recorded figure of its clients has reportedly climbed up to over 15 million during the global health crisis. 

At the moment, Japan-based Brave users will reportedly be able to generate Basic Attention Token Points (BAP), as a reward for showing out promotions on the browser. Nonetheless, the regulatory restrictions in Japan law is stopping them from generating BAT tokens or trading their points for fiat.

Despite Compound (COMP) has experienced an incline in interest and price, BAT still reportedly managed to secure the top spot for the most used ERC-20 Decentralized Finance (DeFi) token, within June 19th to July 2nd, with a total transaction volume generated stood at $931 million – equivalent to the combination of Ethereum (ETH) and Dai (DAI).

Two major exchange platforms in Japan – GMO Coin and BitFlyer – have reportedly also released facilitating features for BAT token holders in the first half of 2020, while DeFi platform DMM Bitcoin will reportedly also support trading activities of the coin beginning July 22nd.

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