Ethereum Classic spikes 25 percent on Coinbase listing news

Coinbase Adding Support for Ethereum Classic 'In The Coming Months'

Coinbase to List Ethereum Classic in “the Coming Months”

The ethereum classic price rose by more than 20 percent after USA cryptocurrency exchange operator Coinbase announced that it would begin rolling out ETC support later this year.

The company said that once it has reached the final testing phase for integrating the cryptocurrency, it will announce a concrete launch date. Due to a philosophical disagreement within the community, the hard fork ended up creating two coins - Ethereum and Ethereum Classic.

'We are pleased to announce our intention to add support for Ethereum Classic (ETC) to Coinbase in the coming months. It also plans to add support for the ERC20 token standard in the future.

Coinbase announced on Monday that ethereum classic would become the fifth cryptoasset to be listed on the firm's platforms, joining bitcoin, ethereum, bitcoin cash, and litecoin.

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

Coinbase will be providing support for Ethereum Classic across all geographies where it legally compliant.

At the time of this writing, ETC is trading at $16.05 up roughly 23.84 percent over the last 24 hours - making ETC one of the best performing cryptocurrencies for the day. 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 Prime - the Prime team is planning to add trading support for Ethereum Classic. Coinbase Index Fund will rebalance to include Ethereum Classic. After evaluating factors such as liquidity, price stability, and other market health metrics, we may choose to add Ethereum Classic to the Coinbase platform. Considering the markets recent bearish performance, where most of the coins are bleeding, this is a huge achievement for Ethereum Classic. ETC is now the 18th-largest cryptocurrency with a market cap of $1.6 billion.

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