The game of crypto exchange one-upmanship continued this week as Circle Invest, the retail cryptocurrency trading platform of Circle, announced that it has listed Basic Attention Token (BAT), the token associated with the privacy-focused Brave browser, roughly a week after Coinbase.
— Circle Invest (@circleinvest) November 9, 2018
According to the announcement, BAT has become the 12th cryptocurrency listed on the Circle Invest app, joining names like Bitcoin (BTC), Bitcoin Cash (BCH), Stellar (XLM) and Litecoin (LTC). BAT is available both as an individual asset, as well as part of a broader crypto portfolio in one tap using their “Buy the Market” feature.
“Basic Attention Token was selected based on its potential to contribute meaningful innovation to the broader crypto ecosystem. As with all of our listings, we applied the Circle Asset Framework to make this determination,” states Circle in the announcement.
However, the decision to add BAT was more likely due to market demand following Coinbase’s recent listing. This is a pattern among most major retail crypto exchange apps, as seen last when Circle added its Collections functionality shortly after Coinbase and Abra launched similar products.
BAT has now shed 30% of its value since being listed on Coinbase’s retail app, giving the coin a $254 million market cap, making it the 34th largest cryptocurrency and the 32nd largest constituent of the AltDex 100 Cryptocurrency Index (ALT100).
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.