Hours after Coinbase announced the listing of Augur (REP), a cryptocurrency used in the betting world, the digital asset has risen to the top.
As at the time of writing, Augur is trading around $21.32 USD with 10.29% price increase in the last 24 hours. Augur has a market cap of $234 million with a 24hr volume of $17 million.
Early this month, Coinbase Pro listed EOS (EOS), Augur (REP) and Maker (MKR), however, trading of EOS and REP were not available in all the jurisdictions supported by Coinbase Pro as at that time.
Meanwhile, Coinbase released an update yesterday stating that it has launched support for Augur. The news states that Coinbase now supports Augur (REP) at Coinbase.com and in the Coinbase Android and iOS apps. In this wise, users of Coinbase can now buy, sell, convert, send, receive, or store REP.
Additionally, Augur (REP) will be available for users in most of Coinbase’ supported jurisdictions, however, residents of New York won’t have access to it at the initial stage.
The announcement by Coinbase is definitely behind the sudden price surge of Augur. In the past, Coinbase has positively affected different cryptos like Litecoin and Ethereum classic.
When it was rumoured that Coinbase intended listing Ripple’s XRP, the digital asset spiked surprisingly, before a countering announcement by the U.S.-based exchange deflated the price of the remittance-centric token.
About Augur (REP)
The platform is designed Augur Rep is designed for disputing and reporting the outcome of events on online prediction markets. On the platform, reporters are compensated for correct event outcomes.
Augur has been performing excellently in the prediction industry. In February, the blockchain platform predicted the Patriots’ Superbowl win. As reveled in a post by ConsenSys on Feb. 2, Augur prediction market chose a Patriots win by 55 to 45 percent.