After announcing final testing for Ethereum Classic last week, Coinbase exchange has finally launched ETC on Coinbase Pro. As per the official blog, the ETC launch will be done in four stages: transfer-only, post-only, limit-only, and full-trading mode. Ethereum Classic is expected to be made available on Coinbase.com within 1-2 weeks, after sufficient liquidity is established on the platform.
The four stages highlighted above will be followed according to the the order below:
- Transfer-only – Beginning 10 am PT on August 7th. The order books will be in this mode for 24-48 hours. Traders cannot place orders.
- Post-only – Customers can post limit orders but there will be no matches. Post-only mode will stay live for 10 minutes.
- Limit-only – Limit orders start matching, but traders cannot place market orders. Stays live for 10 minutes.
- Full-trading – Full trading for Ethereum Classic will be made available, including limit, market and stop orders.
These stages will be followed independently for all order books – ETC-USD, ETC-BTC and ETC- EUR.
Notably, Ethereum Classic was also added to Robinhood exchange yesterday. ETC has also enjoyed a good run over the last couple of days with its price at $18.68 at the time of writing (up 2% in the last 24 hours). Will the momentum continue? Or will people sell the news? We will wait and watch.