Coinbase Announces Ethereum Classic Support Coinbase Announces Ethereum Classic Support
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Coinbase Announces Ethereum Classic Support

Coinbase Announces Ethereum Classic Support

Photo by Mark Basarab on Unsplash

Coinbase has announced the addition of Ethereum Classic to the lineup of tokens on its institutional platform, heralding the first new asset to be added to the platform as a result of Coinbase’s recent announcement of additional token support.

Coinbase has announced that the platform will aim to add Ethereum Classic Support in the coming months, with the engineering work for Ethereum Classic support beginning now. The announcement of integration in advance, according to the Coinbase Blog, is to remain consistent with step three and four of the official Coinbase process for adding new assets

Coinbase Token Support Set to Expand

The integration of Ethereum Classic into the list of tokens supported by Coinbase will not occur immediately — Coinbase states that customers will begin to see public-facing APIs and other signs that the asset is being added to the platform while engineering work expands:

“When we reach the final testing phase of the technical integration, which we expect to occur over the next few months, we will publicly announce a launch date for trading via our blog and Twitter.”

Ethereum Classic, when integrated, will be available across the entire spectrum of Coinbase products — Coinbase Markets will add trading support for Ethereum Classic, and if ETC books achieve sufficient liquidity within a one-hour post-only opening, ETC trading will be available on Coinbase Pro and Prime, as dictated by Coinbase trading rules. Addition to Coinbase will occur after ETC is listed on Pro and Prime.

Ethereum Classic will also be integrated into the Coinbase Index, which will be rebalanced to include ETC. Coinbase Custody will add support for Ethereum Classic deposits and withdrawals, with Coinbase hinting that their custody service may offer a wider range of tokens than other Coinbase services:

“Note that Custody will likely support more assets than those available to trade on Coinbase Markets, Coinbase Pro, Coinbase Prime and Coinbase for the foreseeable future.”

It’s likely that Coinbase Markets, Coinbase Pro, and Coinbase Prime will list more assets than the vanilla Coinbase platform — listing on Coinbase Markets does not guarantee a listing on Coinbase.

Ethereum Classic Market Data

At the time of press 5:59 am UTC on Nov. 7, 2019, Ethereum Classic is ranked #18 by market cap and the price is up 24.83% over the past 24 hours. Ethereum Classic has a market capitalization of $1.65 billion with a 24-hour trading volume of $474.35 million. Learn more about Ethereum Classic ›

Ethereum Classic

5:59 am UTC on Nov. 7, 2019


Crypto Market Summary

At the time of press 5:59 am UTC on Nov. 7, 2019, the total crypto market is valued at at $301.06 billion with a 24-hour volume of $15.39 billion. Bitcoin dominance is currently at 39.05%. Learn more about the crypto market ›