Augur (REP) fireworks explosion follows listing on Coinbase

Coinbase, the leading exchange in the United States announced today that it is adding support for Augur (REP) to its growing list of tradable assets. Augur has witnessed a more than 10% rise on the day in the wake of the announcement.

“Augur (REP) is launching at http://coinbase.com  and in the iOS and Android apps within the next 15 minutes. You may need to update your app to properly buy and sell REP. We will update when REP is fully live.”

According to the blog post published to that effect, REP will be available for trading to users in most jurisdictions where Coinbase operates. However, the residents of the state of New York will not be allowed to buy and sell the digital asset.

“With the announcement of our new listing process last year, we anticipate listing more assets over time that meet our standards. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see REP here), as well as a new section of the Coinbase website to answer common questions about crypto,” reads Coinbase April 18 blog post.

Augur spiked incredibly above $20.00 and extended the gains past $22.50. A high formed at $22.84 before a correction occurred towards $21.00. At present, it is trading at $21.38 with a 24-hour volume of $17.45 million and a market cap that stand at $235 million.