Coinbase to List Ethereum Classic in "the Coming Months"

ETC Price Chart

Ethereum Classic is the original Ethereum, as ETH forked off of the Ethereum chain in June 2016 after the DAO hack.

Some members of the crypto community were surprised Tuesday when the US -based exchange startup Coinbase announced that it plans to list ethereum classic (ETC).

As part of this process, Coinbase users can expect to see public-facing APIs and other signs that the asset is being added. Trading will not begin anytime soon, unfortunately, as it will take a few months for them to properly integrate the coin into their platform. Support for Ethereum was added on Coinbase after the hard fork and only exchange users with Ethereum balances were eligible for ETC withdrawals.

The second boost to Ethereum Classic today is the addition of Trading pairs on the world's largest crypto exchange platform - Binance.

Moreover, once the Ethereum Classic listing goes live on Coinbase, we can expect to see the trading volume and market cap of Ethereum Classic increase drastically, pulling its value up with it too. Additionally, Coinbase has credited everyone who had Ethereum balance during the hard fork in 2016 and did not withdraw.

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As of the time of writing, ethereum classic is the eighteenth largest cryptocurrency by market capitalization - more than $1.5 billion - according to data from CoinMarketCap, which tracks price developments in the market.

Coinbase Prime - the Prime team is planning to add trading support for Ethereum Classic. It's also worth repeating that Coinbase Markets, Coinbase Pro and Coinbase Prime will likely have more assets listed on the platform than the Coinbase platform, i.e. listing on Coinbase Markets does not guarantee listing on Coinbase.

Ethereum Classic is a digital currency that is the result of a hard fork in the ethereum blockchain.

This is an interesting decision by Coinbase, especially since in January and March they had declared that they were not considering adding any new assets. ETC books will open in post-only for a minimum of one hour.

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