EOS is launching at https://t.co/iQARfi557o and in the iOS and Android apps within the next 15 minutes. You may need to update your app to properly buy, sell, convert, send, receive, or store EOS. We will update when EOS is fully live. https://t.co/sh8XmE1Wit
— Coinbase (@coinbase) May 30, 2019
According to the announcement, EOS is now available on Coinbase.com and the Coinbase Android and iOS apps. The altcoin will be available for customers in most locations, but will not initially be available to residents of the United Kingdom or the state of New York.
This news comes a week after Coinbase listed Maker’s (MKR) stablecoin Dai (DAI) on its retail platform. The decentralized stablecoin runs on Ethereum and was designed with a goal of maintaining a target value of $1.00. Instead of being backed by fiat, DAI is backed by crypto collateral on the Maker platform.
Despite the major listing, EOS has been caught up in the latest crypto market pullback and is currently down 3% on the day to just over $7.80 — giving the coin a $7.2 billion market cap.
Similar: Coinbase Adds Support for Dai (DAI)
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.