Starting today, Coinbase supports Aave (AAVE), Bancor Network Token (BNT), and Synthetix Network Token (SNX) at Coinbase.com and Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store AAVE, BNT, and SNX. AAVE, BNT, and SNX are available in all regions supported by Coinbase, except New York State.
Aave (AAVE) is an Ethereum token powered by Aave, a decentralized prison-free money market protocol where consumers can participate as depositors or lenders. Depositors provide liquidity to the market to earn passive income, while lenders can borrow cryptocurrencies in exchange for paying a variable interest rate.
Bancor Network Ticket (BNT)
Bancor Network Token (BNT) is an Ethereum token that powers the Bancor protocol. The protocol describes itself as “a fully-chain liquidity protocol that can be implemented on any smart contract-enabled blockchain.”
Synthetix Network Ticket (SNX)
Synthetix Network Token (SNX) is an Ethereum token powered by Synthetix, a decentralized synthetic asset publishing protocol. Synthetic assets are mined when token holders participate in their SNX as collateral using Mintr, a decentralized application for interaction with Synthetix contracts. The protocol currently supports synthetic fiat currencies, cryptocurrencies and commodities.
One of the most common requests we hear from customers is being able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched information asset pages (see AAVE, BNT, and SNX), as well as a new section on the Coinbase website to answer frequently asked questions about crypto.
Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store AAVE, BNT, and SNX today.