Coinbase is adding another cryptocurrency to its platform


It seems that coinbase may have made this early announcement of their intention to list ETC in the coming months to avoid any kind of speculation of inside trading which marred their integration of Bitcoin Cash last December when it's price hit a high of $8,500 on Coinbase and its GDAX service compared to its trading price of $3,500 on other exchanges.

The company said that once it has reached the final testing phase for integrating the cryptocurrency, it will announce a concrete launch date.

Coinbase Custody - the Custody team is planning to add support for deposits and withdrawals of Ethereum Classic.

Price of an Ethereum Classic crypto-coin rallied by around 25 percent on the back of a news of its listing on popular cryptocurrency exchange Coinbase.

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They plan to offer ETC support in all geographies where the asset is compliant with local law and what this means for their list of products is clearly explained on their official website blog post. We will keep our eyes on the prices and see how this news affects the price of the Cryptocurrency in the coming days.

Coinbase has plans to roll out the process of adding ETC over the next few months. A day ago, Binance listed TRX/USDT pair as support to Tron's Main Net migration.

Since ETC is a result of a hard fork of the Ethereum network, those users who had an Ethereum Classic balance on the platform in 2016 and chose not to withdraw it before January 2017 may receive the corresponding ETC credit. It is now Ethereum Classic's turn but without any Main Net reasoning. It is now the 18th most valuable digital currency and its market cap of approximately $1.5 billion is dwarfed by that of Ethereum ($53.3 billion) and of Bitcoin ($117.8 billion).

Not to forget, the Binance Coin [BNB] which was added against ETC on Binance today has seen an increment of 10.87% since the past 24 hours. Considering the markets recent bearish performance, where most of the coins are bleeding, this is a huge achievement for Ethereum Classic.