Ethereum Classic Skyrockets With New Coinbase Listing

13 June, 2018, 02:40 | Author: Regina Silva
  • Coinbase Adding Support for Ethereum Classic 'In The Coming Months'

Ethereum Classic was created as the result of a hard fork in ethereum following a June 2016 hack in a smart complex system called the Decentralized Autonomous Organization.

As it stands, Coinbase only list Bitcoin, Bitcoin Cash, Litecoin and Ethereum, making Ethereum Classic the fifth to be added to the growing Coinbase portfolio.

As part of this process, customers can expect to see public-facing APIs and other signs that the asset is being added.

The company said that once it has reached the final testing phase for integrating the cryptocurrency, it will announce a concrete launch date. The decision to add Ethereum Classic was sudden and unexpected by crypto-traders.

Moreover, once the Ethereum Classic listing goes live on Coinbase, we can expect to see the trading volume and market cap of Ethereum Classic increase drastically, pulling its value up with it too. Any investor that held Ethereum on GDAX at the time of the fork in 2016 will be credited ETC when the coin is listed later this year.

Coinbase has plans to roll out the process of adding ETC over the next few months.

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According to their announcement, Ethereum Classic [ETC} will be available to trade against Binance token [BNB] and Tether [USDT] as separate pairs from today i.e. 12th of May 2.30 AM [UTC].

Coinbase Prime - the Prime team is planning to add trading support for Ethereum Classic.

An illustration of the price shooting up is Ethereum Classic which will be supported by Coinbase in the coming months also, Binance announced two trading pairs inclusive of Ethereum Classic in both.

Coinbase Asset Management - any asset listed on Coinbase Markets will be added to Coinbase Index in accordance with the Coinbase Index methodology.

Ethereum Classic is a digital currency that is the result of a hard fork in the ethereum blockchain.

Coinbase Pro is the new platform to replace GDAX, in their announcement they mentioned that ETC will be listed on Coinbase Pro. ETC books will open in post-only for a minimum of one hour.

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