Coinbase UK Branch Starts Providing Support For Cosmos

A few days ago, the Coinbase UK Branch started supporting Cosmos (ATOM) along with the iOS apps and on Coinbase Android as well. All of the UK customers now will be able to enjoy their Cosmos tokens on the platform as we are reading in the coinbase news UK.

The users of Cosmos will be able to purchase, sell or trade an increased number of assets via the GBP wallet which is backed by a GBP bank account or debit/credit card. As per the coinbase news UK, the crypto exchange was founded in 2012 and it has carved a massive reputation as a leading digital currency wallet and platform which allows traders and customers to transact with the biggest cryptocurrencies including Litecoin, Ethereum, and Bitcoin. The company has headquarters in San Francisco, California but opened many offices around the world as well.

Now, the Coinbase UK branch allows the users to buy or sell Cosmos which can be described as an interoperable blockchain protocol that allows the transfer of data between the chains. It operates through a hub and spoke model that can heavily influence the algorithm that was initially created by Tendermint for obtaining the same protocol. It is also worth noting that Cosmos’s structure is based on the Byzantine Fault Tolerant consensus algorithm that was created by Tendermint for having the protocol.

The coinbase news UK say that as the platform started bringing support for a larger number of assets, it will help more to bring the company much closer to the long-lasting objective. This move will bring bigger economic liberty, innovation, and equality for the users across the world.

Earlier, the crypto exchange-Coinbase, explained that the most common requests that are demanded from the exchange’s users were about the capacity to buy and sell a bigger number of cryptocurrencies on Coinbase itself. The crypto exchange is now trying to figure out a way to improve and bring new tools to allow people to easily comprehend and discover cryptocurrencies, as well as to make the entire job of trading much easier for novice traders.

Cryptocurrency exchanges that offer ATOM trading now include Hotbit, BitForex, Coinone, and GDAC. With a market cap of $881 million right now, ATOM is trading at $4.62 and has been seeing a massive increase this month.