Ethereum Classic soars as Coinbase announces listing plan

NewsCrypto      Coinbase Will Integrate Ethereum Classic Across All of Its Platforms
     
     
       By JP Buntinx

NewsCrypto Coinbase Will Integrate Ethereum Classic Across All of Its Platforms By JP Buntinx

After announcing that it intends to become the very first cryptocurrency broker-dealer in the U.S., Coinbase announced earlier today that it will add Ethereum Classic (ETC) to its trading platforms in the coming months. "We are announcing this both internally and to the public consistent with our process for adding new assets".

Ethereum Classic is a digital currency that is the result of a hard fork in the ethereum blockchain. Ethereum Classic support will be offered in "all geographies where the asset is compliant with local law".

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

This is no doubt the start of a far bigger project for Coinbase, who have also recently confirmed that they are going to add support for Ethereum ERC-20 Tokens and will also start to list other Bitcoin Forks, this would include currencies such as Bitcoin Private, Bitcoin Diamond and Bitcoin Gold. A day ago, Binance listed TRX/USDT pair as support to Tron's Main Net migration.

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"#Binance Adds #ETC/BNB and $ETC/USDT Trading Pairs."

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.

Ethereum Classic was the 18th-largest cryptocurrency with a market value of about US$1.56 billion, according to data from CoinMarketCap. The coin is trading for $15.25, based on an average from a large number of exchanges, with a total cap of almost $1.6 billion. It is now the only currency with a double-digit gain in the top 50 or nearly the entire market. After evaluating factors such as liquidity, price stability, and other market health metrics, Coinbase may choose to add Ethereum Classic to the Coinbase platform. ETC books will open in post-only for a minimum of one hour. Ranking at the 16th position, BNB is now trading at $16.03 with a market cap of $1.82 billion. Considering the markets recent bearish performance, where most of the coins are bleeding, this is a huge achievement for Ethereum Classic. The team of ETC has also come up with a roadmap.

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