Coinbase UK User Can Now Trade EOS, DAI, XTZ, And LINK; Chainlink Jumps 5.5% After The News
The United Kingdom-based version of Coinbase, Coinbase UK, has recently announced that four new assets would be listed. The announcement, which was made via the company’s official blog, informed that customers can buy, sell and trade XTZ, DAI, LINK, and EOS tokens. These assets can be acquired via bank accounts or credit cards.
This is the second time that Coinbase UK launches new assets recently. A few weeks ago, XRP, XLM, REP, ZRX, and BAT were all launched in the exchange. The goal of the company is to support as many assets as possible, so it is constantly upgrading its list of assets.
The New Assets
EOS is possibly the most well-known of the new assets. It is a large cryptocurrency that was designed to be similar to Ethereum, but it uses a model in which some companies are chosen to be node validators and validate all transactions instead of the users. The network is mostly focused on the creation of decentralized apps.
DAI is a stablecoin that was created by MakerDAO. The token is set to always maintain its value around a dollar, although it was often below that value. Coinbase UK is set to follow the upcoming change from single to multi-collateral in the DAI network.
Tezos (XTZ) uses a proof of stake consensus protocol and it is one of the most popular option for people who want to stake their tokens in order to get rewards.
Finally, Chainlink (LINK) is an Ethereum-based token that uses a decentralized oracle network. Its main function is to allow the creation of smart contracts, payment systems, and APIs.