Coinbase recently announced their intention to add support for Ethereum Classic (ETC), a new cryptocurrency resulted in the hard forking of Ethereum. However, the exact dates are not revealed yet but ETC support will be made available to the Coinbase platform, both, internally and to the public consistent, in coming months.
The company has reached step 4 of the implementation, i.e., some background engineering work which is quite visible to the customers in their public facing APIs and other stuff. Coinbase informs that the launch date for trading will be announced via their Twitter channel and on their blog once the technical implementation process reaches Step 5, i.e., the testing phase.
As an effect of the ETC support, various teams and departments of Coinbase have started to add support of Ethereum Classic, most notably – the Custody Team is planning to add support for deposits and withdrawals while the Coinbase Markets and Coinbase Pro teams are also working on bringing trading support to the platform.
“Note that customers who previously had an Ethereum Classic balance on the platform as a result of the 2016 Ethereum hard fork and did not elect to withdraw their funds prior to January 2017 will receive a corresponding Ethereum Classic credit. Coinbase Markets will open trading in post-only for a minimum of one hour in accordance to their trading rules and trading will be enabled on Pro and Prime if sufficient liquidity is established.”
This is worth noticing here that listing of Ethereum Classic on Coinbase Markets does not guarantee listing on Coinbase assets. Assets will be listed by Coinbase only after being listed on Coinbase Pro and Prime proceeded by evaluation of liquidity, price stability and other health matrices.
Well, this is quite a good news for Ethereum Classic enthusiasts because now one more platform will be added to their daily activity list
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