Cryptocurrency Exchange Coinbase now Supports EOS

EOS Token Walking towards Coinbase

Cryptocurrency exchange Coinbase announced on May 30, 2019, that it had added support for EOS (EOS) at Coinbase.com and in the Coinbase Android and iOS apps.

Buy, Sell, and Store EOS at Coinbase

Users of the cryptocurrency exchange platform Coinbase can now buy, sell, convert, send, receive, or store EOS.

In a surprise announcement, Coinbase declared that EOS can now be traded by the majority of its users except for those living in the United Kingdom and New York. Additional jurisdictions may be added at a later date, the blog post reads.

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

The announcement comes just a few days after the U.S.-based exchange added Makers DAI stablecoin to its arsenal of tradable cryptocurrencies. Looking at the past couple of months, Coinbase seems to be on a sort of token listing spree having added support for several cryptocurrencies.

Also worth highlighting is Coinbases changing attitude towards cryptocurrencies that are not necessarily related to bitcoin. A fair guess could be that the pressure of market demand, coupled with industry rival Binances exhaustive cryptocurrency catalog, might have encouraged Coinbase to be more open to cryptocurrencies with different utilities.

The exchange also seems to be steadily diversifying its business into different verticals of the cryptocurrency industry.

As reported by BTCManager on May 17, 2019, reports emerged stating that Coinbase was considering acquiring Hong Kong-based cryptocurrency custody firm Xapo for about $50 million. The decision to enter the digital asset custody market makes strategic sense as it would work as a hedge against the volatile price fluctuations of cryptocurrencies.

About EOS

Ranked number five in terms of market cap on CoinMarketCap, EOS is a smart-contract platform that aims to become the go-to platform for companies looking to develop enterprise-grade decentralized applications (dApps).

In the cryptospace, EOS is consistently placed alongside rival smart-contract platforms like Ethereum (ETH) ...

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Tags: Coinbase, Asteroid family, Cryptocurrency, digital currency exchanger, Computing platform, United Kingdom, IOS, exchange, support, Android