Coinbase Supports Ethereum Classic

Really? Coinbase supports Ethereum Classic?

While many were hoping Coinbase would embrace and support XRP, they surprised us. Coinbase supports Ethereum Classic instead.

I’ve said in social media last year “Coinbase will support Ethereum Classic (ETC) Before Considering XRP”. Yes and some of you laughed at me. It is okay. I’m used to it.

It also appears that those who had Ethereum (ETH) on Coinbase when there was an Ethereum/EthereumClassic fork, will get their Ethereum Classic (ETC)! Better late than never, right?

According to Coinbase, here is what the next few months will bring to the table when Coinbase supports Ethereum Classic (ETC):

The Custody team is planning to add support for deposits and withdrawals of Ethereum Classic.

The Markets team is planning to add trading support for Ethereum Classic.

The Pro team and the Prime teams are planning to add trading support for Ethereum Classic. 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 Index Fund will rebalance to include Ethereum Classic.

Finally, Coinbase  will list assets only after they are listed on Coinbase Pro and Prime. After evaluating factors such as liquidity, price stability, and other market health metrics, we may choose to add Ethereum Classic to the Coinbase platform. 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.

What do you think about Coinbase supports Ethereum Classic rather than XRP?

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Until Next Time…

Faith Sloan “QueenWiki” 
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Queen Wiki

Faith Sloan also known as "Queen Wiki" is a cryptocurrency advocate, evangelist and educator. She has been a software engineer for 40 years and builds Decentralized Apps (DApps) on the Ethereum blockchain and plays with Tech toys. When she is not teaching, researching and writing about Cryptocurrencies and the Blockchain, she's advising companies and traveling the world while feeding her eating hobby.