Ethereum Classic jumps 17% after Coinbase confirms listing

Ethereum Classic (ETC) fans can finally rejoice as Coinbase has confirmed the listing on its retail exchange. ETC will be available on Coinbase.com on August 16th, 5 pm PST onwards. This means that Coinbase users across the globe will be able to buy, sell, trade and store Ethereum Classic on the popular exchange.

Users have been waiting for ETC implementation ever since the move was announced a couple of months ago. Earlier this month, ETC started trading on Coinbase Pro through a four-stage implementation process. Finally, the cryptocurrency is also coming to Coinbase Consumer.

The exchange tweeted:

ETC will be available to customers in every country where Coinbase Consumer is available. We’re thrilled to offer ETC to all of our customers and will continue working to add more assets to Coinbase.

As a result, ETC was one of the few cryptocurrencies rallying in a market which has nosedived in the past few days. At the time of writing, ETC was trading above $14, jumping 17.58% in the last 24 hours. We recommend investors to book profits if they want to, as the ‘Coinbase effect’ doesn’t usually sustain for too long!

Leave a Reply

Your email address will not be published. Required fields are marked *