Connect with us

News

Coinbase: EOS integrated on exchange’s Earn program

Avatar

Published

on

Coinbase: EOS [EOS] integrated on exchange’s Earn program; 5th cryptocurrency to be offered
Source: Pixabay


Coinbase, the American cryptocurrency exchange has confirmed that users can now earn EOS, the fifth largest cryptocurrency by market cap by simply watching content on the exchange’s Coinbase Earn platform.

The same was attested by Tim Wagner, Coinbase’s VP of Engineering and Balaji Srinivasan, the founder of Earn.com who recently vacated his position as the exchange’s CTO at the Block.one event on June 1 held in Washington D.C. Srinivasan charts the journey of acquiring cryptocurrency, first through mining, then by means of purchase and now by earning digital assets.

He stated,

“We think a large number of people will obtain crypto not by buying it or mining, but by earning it…Unlike mining or buying, there isn’t a technical barrier of financial barrier that you should be able to earn if you’re a human.”

The Coinbase duo announced the integration of EOS to their Earn platform allowing users to earn up to $10 worth of the cryptocurrency by watching videos related to EOSIO and other tenants of the decentralized currency world. Coinbase Earn was introduced in 2018 spearheaded by Srinivasan, the founder of Earn.com.

EOS is now the fifth cryptocurrency that users can earn via Coinbase earn. The other digital assets on offer are Stellar Lumens [XLM], Zcash [ZEC], Basic Attention Token [BAT], and Tezos [ZRX].

The “lessons,” as Srinivasan put it, included an introduction into the EOSIO blockchain protocol, a tutorial on Delegated Proof of Stake [DPoS] and the advantages of developing on the EOSIO blockchain. The primary motive behind the educating platform is to inform the “retail customers,” about the various protocols and complexities within the blockchain technology ecosystem.

Wagner further added that EOS will also be integrated into Coinbase Custody in the “coming weeks.”

The EOS and Coinbase partnership bloomed over the past month since the cryptocurrency was added on to Coinbase Pro in April and was integrated on their retail site and official application in the previous week.

Since the integration of the retail addition surfaced, EOS overtook Litecoin [LTC] to take the 5th spot on the ladder, however, the correction has dipped the coin’s price by over 9 percent at press time.





Subscribe to AMBCrypto’s Newsletter


Partner

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement