Augur’s Reputation Token Now Available On Crypto Exchange Coinbasebr>
Crypto exchange and wallet Coinbase has added support for Augur’s Reputation token (REP) on its platform.
REP, the cryptocurrency underlying open-source, decentralized prediction market platform Augur, is a decentralized oracle solution which allows its holders to report on the outcome of events on the prediction market platform. Each token entitles its owner to 1/22-millionth of all market trading fees in return for faithful reporting on market outcomes.
In blog post, Coinbase said that Augur’s Reputation token, which was added on Coinbase Pro earlier this month, is now available at Coinbase.com and in the Coinbase Android and iOS apps, allowing customers to buy, sell, convert, send, receive, or store REP. The cryptocurrency is available for customers in most jurisdictions, but will not initially be available for residents of the state of New York.
“One of the most common requests we receive from customers is to be able to trade more assets on our platform,” Coinbase said. “With the announcement of our new listing process last year, we anticipate listing more assets over time that meet our standards. We are also investing in new tools to help people understand and explore cryptocurrencies.”
Last week, the company expanded its crypto-to-crypto conversions and trading to 11 more countries across Latin America and Southeast Asia, increasing the reach to 53 countries, spread across four continents.