Cryptocurrency Exchange Coinbase now supports EOS

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

Buy, sell and store EOS on Coinbase

Coinbase cryptocurrency exchange users can now buy, sell, convert, send, receive or store EOS.

In a surprise announcement, Coinbase stated that EOS can now be traded by the majority of its users, with the exception of those who live in the UK and New York. “More jurisdictions can be added at a later date,” says the blog post.

EOS will be published within the next 15 minutes at and in the iOS and Android apps. 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.

– Coinbase (@coinbase) May 30, 2019

The announcement comes just days after the US exchange added Maker’s DAI stablecoin to its arsenal of tradable cryptocurrencies. If you look at the past few months, Coinbase seems to be on some sort of token listing tour that has added support for multiple cryptocurrencies.

It is also worth highlighting the changing attitude of Coinbase towards cryptocurrencies, which are not necessarily related to Bitcoin. A fair guess could be that market demand pressures coupled with industry rival Binance’s extensive cryptocurrency catalog may have encouraged Coinbase to be more open to cryptocurrencies with various 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 surfaced that Coinbase is considering acquiring Hong Kong-based cryptocurrency custodian company Xapo. to acquire for about $ 50 million. The decision to enter the digital asset custody market makes strategic sense as it would serve as a hedge against the volatile price fluctuations of cryptocurrencies.

About EOS

5th place in terms of market capitalization on CoinMarketCap, EOS is a smart contract platform which aims to become the point of contact for companies that want to develop decentralized applications (dApps) at the enterprise level.

In the crypto space, EOS is consistently placed alongside competing smart contract platforms such as Ethereum (ETH) and TRON (TRX).

Interestingly, the platform is very popular in China. BTCManager reported on March 25, 2019 how China’s Information and Industry Development Center (CCID) has put EOS at the forefront, ahead of companies like others ether and Bitcoin in its eleventh list of cryptocurrency rankings.

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