Coinbase lists Ethereum Classic on August 7, the official blog states.
The American cryptocurrency exchange Coinbase announced final stages of testing support for Ethereum Classic, which should be completed before August 7. After that, trading platforms Coinbase Prime and Coinbase Pro will start accepting ETC deposits.
Coinbase Lists Ethereum Classic
The initial acceptance of deposits will last from 24 to 48 hours, after that Coinbase will enable ETC trading.
Coinbase official statement reads:
“We expect final testing to be completed by Tuesday, August 7, at which point we will announce that we’re ready to accept inbound transfers of ETC. We intend to allow 24–48 hours of inbound transfers through Coinbase Pro and Coinbase Prime before enabling trading.”
Ethereum Classic will appear in the following services: Coinbase Custody, Coinbase Markets, Coinbase Pro, Coinbase Prime, Coinbase Asset Management, Coinbase Consumer. In this statement, it is noted that any digital asset that has been listed on Coinbase Markets will be added to the Coinbase Index. In addition, it is known that Ethereum Classic will appear on Coinbase Consumer only after it is listed on Coinbase Pro and Prime. It is expected that ETC will appear on Coinbase Consumer after sufficient liquidity is established. It will take 1-2 weeks after the Ethereum Classic trading starts on Pro and Prime.
Coinbase specifies that the dates given are not final, and are only estimates. Soon the exchange will either confirm the information about the start of Ethereum Classic trading or issue a new announcement.
Access to ETC will be available to all Coinbase customers in the regions served by the company.
Ethereum Classic Price
Ethereum Classic showed a positive trend against the background of this news and for a short period of time rose more than 10%. According to CoinMarketCap, at the time of writing this article, the Ethereum Classic is trading at $ 16.63.
In July 2018, Coinbase made an announcement that it was exploring adding 0x (ZRX), Basic Attention Token (BAT), Cardano (ADA), Stellar Lumens (XLM), and Zcash (ZEC) on its exchange platforms. The price increase of these five coins was quite remarkable.