BAND Gets Listed On Coinbase Exchange

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • The BAND protocol is essentially a decentralised cross-chain data oracle platform that facilitates various smart contracts by simply providing them with external data and application programming interfaces (APIs).
  • BAND currently trades at $13.88 and is up by 2.1% in the last 24 hours.
  • BAND is ranked 51st as per its market capitalization and its total market capital stands at $284,540,963.

Today Band Protocol announced over a tweet that its token BAND is now available on Coinbase exchange for trading. BAND will be available on all respective Coinbase iOS and Android applications. The tweet further announced that BAND will be accessible to all customers within the Coinbase supported locations. However, the New York State area is an exception. 

BAND Trading Available At All Locations Except New York State

What is Band Protocol? The BAND protocol is essentially a decentralised cross-chain data oracle platform that facilitates various smart contracts by simply providing them with external data and application programming interfaces (APIs). It is supported by Sequoia Capital which is one of the leading venture capital firms and by Binance, one of the largest cryptocurrency exchanges in the world. Band Protocol eradicates the need for requiring or relying on any centralised protocols or data. Hence, applications of smart contracts like DeFi, market prediction software and games can run independently. 

Coinbase’s listing of BAND in its exchange will enable users to readily sell, buy, receive or hold BAND tokens in their wallet. In addition, users can also trade BAND on Coinbase Pro and store them in Coinbase Custody. The BAND crypto asset was one of the 18 assets that were in the most recent Coinbase’s listing procedures. 

Token’s Value Increase Soon After The Listing In Coinbase

Meanwhile, the Coinbase listing has to an extent affected the token’s market value. BAND currently trades at $13.88 and is up by 2.1% in the last 24 hours. The token had set an intraday high of $15.41 only an hour after it got listed in the crypto exchange. BAND is ranked 51st as per its market capitalization and its total market capital stands at $284,540,963. 

band protocol charts
Source: Coinmarketcap

Moreover, the fact that the BAND’s market value has appreciated by almost 7000% this year itself cannot be ignored. To be precise, initially the BAND’s market cap this year was a mere $3.5 million and currently, it has grown to $284 million, marking an increase of over 7800%. On the other hand, if we consider its growth from the previous month, the BAND has shown an increase of over 1100% in its market value from $1.10 to $13.88. On the other hand, its counterpart, LINK (Chainlink’s native token) grew only by a meagre 659.551% since the start of the year. 

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