Ethereum Classic [ETC]’s 25% flash surge following Binance and Coinbase announcements

  • Ethereum Classic [ETC]’s 25% flash surge following Binance and Coinbase announcements

Ethereum Classic [ETC]’s 25% flash surge following Binance and Coinbase announcements

"We are pleased to announce our intention to add support for Ethereum Classic (ETC) on Coinbase in the coming months".

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

Currently, Coinbase supports bitcoin, litecoin, bitcoin cash, and ethereum.

An illustration of the price shooting up is Ethereum Classic which will be supported by Coinbase in the coming months also, Binance announced two trading pairs inclusive of Ethereum Classic in both. Per the process of adding new coins to the exchange, the Coinbase team will now begin the engineering work required for supporting Ethereum Classic.

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.

Whilst it is not conclusive that this will happen, given the right climate and a well timed launch for the listing on Coinbase, we could see Ethereum Classic move back up to its all time height of $45.00, above all, it's a very exciting time indeed for both Coinbase and the Ethereum Classic project. If sufficient liquidity is established, trading will then be enabled on Pro and Prime.

"Ethereum Classic $ETC up 25% following @coinbase announcement". 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.

"This will undoubtedly bring a new level of visibility to Ethereum Classic, which is a decentralized smart contract platform similar to Ethereum".

Coinbase Pro is the new platform to replace GDAX, in their announcement they mentioned that ETC will be listed on Coinbase Pro.

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.