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Coinbase Adds Augur To Its Trading Platform

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Starting April 17, the cryptocurrency exchange Coinbase supports Augur (REP) at Coinbase.com and in the Coinbase Android and iOS apps. "Coinbase customers can now buy, sell, convert, send, receive, or store REP", the exchange said in the blog post.

REP will not initially be available for residents of the state of New York.

Augur's Reputation token (REP) is an Ethereum token designed for reporting and disputing the outcome of events on online prediction markets. Reporters are rewarded for reporting the outcome of events correctly.

Coinbase currently offers access to bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin, USDC, zcash, Brave's Basic Attention Token, the 0x protocol token, Ripple (XRP) and Stellar Lumens (XLM).

The addition of Augur to Coinbase had a positive impact on its price. REP jumped up by $7, or 35 percent, from $19 to $26 shortly after the anouncement.

On Monday, REP is trading for $22.47 at Coinbase.

Coinbase is one of the best-known and largest cryptocurrency exchanges in the world, having more than 20 million users spread over 42 countries.

In response to increasing requests it receives from customers, the San Francisco-based digital currency exchange said it plans to trade more crypto assets on its platform when they meet the exchanges standards.

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